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HPE Building, Glaslough Street, Monaghan, H18RX74

Mixed Use Contract Deposit Applies
Starting Price* 250,000

Bidding available from
03rd September 2020 14:30
until
03rd September 2020 15:00

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

Property Overview

Monaghan Property Sales in partnership with The Leinster Property Auction

Offered at bids over €250,000

A fine, town centre, commercial premise on a c.0.4 acre site, with c.11, 000 sq. ft. building, with over 90 ft. street frontage, onto the busy thoroughfare of Glaslough St. Extensive parking to rear, with access from Glaslough Street, and bordering County Council public car park. Would have the potential for further development, for any number of uses.

Full Description and Location:
The subject property comprises a large commercial building (formerly a cinema) constructed in the mid to late 1950's. The property occupies a prominent 0.4 acre sloping site (c. 1800 m2) with c.27m street frontage, at the top of Glaslough Street, a major artery, from the north, for entering Monaghan Town. The surrounding area would be predominantly commercial with both retail and office outlets adjacent. The property benefits from an extensive service road and parking/ turning area to the side and rear total c.1,050m2 (11,000 sqft.)

Construction:
The building is of traditional rendered masonry construction with pitched slate roof. Basement floors are concrete, ground floor and first floor are of suspended timber flooring. Property has been maintained, but would require some modernization.

Property in brief:
Basement storage area totalling c.350m2 (restrictive varying head-heights), ground floor retail area c.460m2, first and second floor storage/ display areas and offices to rear c.222m2.

Services:
All services are provided to the site, including water, electric, drainage and telephone and all are mains supplied. The property has been subdivided to suit former use, with suspended ceilings and electrical fittings to suit. Heating system is oil fired.

Tenure: The property is freehold.
BER Details: BER C2 / BER No: 800175838

TO VIEW OR MAKE A BID - Please contactMonaghan Property Sales on 047 723 23 or www.leinsterpropertyauction.ie, 01 687 5040

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.

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

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Monaghan Property Sales

Local Branch: Dawson House , Dawson Street, MONAGHAN
Head Office: Dawson House, Dawson Street,

Deposit & Charges Explained

HPE Building, Glaslough Street, H18RX74

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 iamsold's 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 iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by bank draft (made out to iamsold), same day bank transfer to iamsold's 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 iamsold) 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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