With a 35 year F.R.I. lease
An excellent freehold investment property in the heart of Buncrana’s Main Street. With deceptively spacious accommodation over 3 floors, the property offers guaranteed rental income for at least 35 years (Currently achieving passing rent of €13,730 p.a.).
- 35 year term from 1st December 2007 (27 years unexpired)
- Current rent €13,730 p.a. (exclusive of VAT)
- 5 year upward only rent reviews
- F.R.I. lease
- No opt-out clause for either party unless covenants of the lease are not adhered to
Proceeding down Buncrana’s Main Street, the property will be found on the lower side of the Bank of Ireland building and is accessed via the existing archway.
Buncrana’s local business community continues to thrive, providing a good range of independently owned local services positioned in various locations around the town centre.
Market Square c.100 metres / Ardravan Square c.200 metres / West End c.300 metres