6 Mill Street, Balbriggan, Dublin, K32W296

Investment Property Contract Deposit Applies
Starting Price* 170,000

Bidding available from
18th July 2019 11:30
until
18th July 2019 12:00

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Deposit & Charges Explained

Property Overview

The Leinster Property Auction in partnership with O'Connor Property Consultants

Offered at bids over €170,000

We are delighted to be presenting No 6 Mill Street to the market. This Ground floor lock-up shop is situated in the mixed used Development consisting of 15 retail units , over 600sqm of office space, a four screen cinema, creche & approx 118 residential apartments.

It is a self-contained retail unit that provides well presented rectangular layout extending to approx c.135 sq. m. (1,450 sq. ft.) Architecturally designed and of modern construction with attractive shop front with large windows for product displays.

Operational as a European Mini Market which includes a bespoke meat counter and delicatessen together with well-presented aisles of general convenience. Substantial internal improvements by existing tenant. 1 car park space

This well run business offers a unique opportunity to acquire a ground floor town centre investment property (tenant not affected) in Balbriggan Town which has a population of c 23,000 and is one of the fastest growing towns in the country with a projected growth to 26,000.

The property is adjacent to the main line train station, Loreto secondary school, Permanent tsb, Smiles Dental and a multitude of town centre uses.

Features:
Located in town centre development.
Excellent footfall
Thriving business
Adjacent train station and Balbriggan main street.
Balbriggan is a busy commuter town with excellent Road & rail transport
Tenant is in the property more than 10 years
Tenant is trading as Polostore"
Tenant is paying Annual rent = 18,500/= + VAT + Management charges + Rates
VAT is applicable on top of the purchase price
Building insurance covered in Block insurance policy. Management charges covers premium
Tenant not affected
New Letting Agreement for 4 Years and 9 months (continuous) starting from August-2018 to end April-2023.
No Break away clause in the Letting Agreement
Passing rent = €18,500/= per annum plus VAT
Commercial Rates are €6247.50/= per annum and are paid by the Tenant
Management charges are €696/= per annum and paid by the Tenant·

BER Details:
BER: C1 / BER No. 800269532

Directions:
Travelling north through Balbriggan town pass the Bracken Court Hotel on town Square and follow along Drogheda Street through pedestrian lights at Quay Street and Mill Street is next on your right but it is a one way system with car parking opposite.

TO VIEW OR MAKE A BID - Contact O'Connor Property Consultants on 01 691 1404 or visit www.leinsterpropertyauction.ie

Starting Bid and Reserve Price

*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.

VAT is applicable on the purchase price for this property.

Auctioneer's Comments

This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. The buyer will be granted 28 days from the date of exchange to complete the purchase. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale, which is operated by The Leinster Property Auction powered by IAM Sold.

Building Energy Rating (BERs)

Building Energy Ratings (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.

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Halligan O’Connor Property Consultants

Head Office: 3 George's Square, Balbriggan,

Deposit & Charges Explained

6 Mill Street, Balbriggan, K32W296

Online Auctions

A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.

The minimum deposit amount noted above is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to IAM Sold client account to authorise them to bid on the Online Auction (please note, this option may take several days).

The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.

Any balance of the full contract deposit must be paid by the successful bidder to IAM Sold within 48 hours of acceptance of their bid. The deposit balance can be paid by bank draft (made out to IAM Sold), same day bank transfer to IAM Sold client account or by debit card.

All unsuccessful bidders will have their pre-authorisations released immediately OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.

Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.

Public Auction Event

A 10% non refundable contract deposit (minimum deposit of €6,500.00) is payable immediately on the fall of the hammer for a successful bid. The deposit must be paid in cleared funds either by Bank Draft (made out to IAM Sold) or by Debit Card.

Need More Information?

For further information or to speak to one of our team, please call 01 687 5040.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.

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