12 Broad Street
Waterford

Opportunity to acquire excellent investment property in prime city centre location!

Location:
12 Broad Street occupies a strategic corner position in Waterford City at the intersection of Broad Street and Peter Street and enjoys significant frontage to both streets.
City Square Shopping Centre is located a short distance from the property and is anchored by Dunnes Stores. The Centre also provides a large underground car park.
Waterford City is the regional capital of the South-East of Ireland with a population of 53,504.

Description:
The property comprises of a three-storey over part-basement level, corner building with a single-storey return section.
The ground floor and basement consist of a commercial unit. The first and second floors each comprise of a 36 sq. m studio apartment and a 54 sq. m one-bedroom apartment.
The property can be more particularly be described as follows:
Structure: Pre-cast concrete construction incorporating concrete panelled wall units and concrete block walls.
Roof: Flat roof in asphalt covering.
Floors: Concrete throughout.
Windows: Anodised aluminium with plate glass to the upper floors with a timber shop front installed at ground floor.

Tenancy:
The ground floor and basement of the property are let to the Governor
and Company of the Bank of Ireland for a term of 35 years from 1st
September 1990 at a current rental of €83,000pa with 4 years remaining. This unit has been sublet to Claire’s Accessories since 2011 for €69,000pa.
The four apartments included in the premise have been let to Waterford
City & County Council on a 20 year lease with over 18 years remaining.

Title:
The property is of freehold interest.

BER :
Apartment 1 & 2 - D1
Apartment 3 & 4 - C1
Commercial Unit - C3

Ground Floor - Bank of Ireland  
Front Unit/Retail 51.6 sq. m 
Rear Unit/Retail 25.2 sq. m 
Basement/Stores 23.0 sq. m 
Remainder of Property  
Ground Floor Office 9.7 sq. m 
First Floor Office 80.3 sq. m 
First Floor Store 3.7 sq. m 
Second floor Offices 80.8 sq. m 
Second Floor Kitchen 6.0 sq. m 

BER: C3
BER Number: 800636987
Energy Performance Indicator: 342.98 kWh/m²/yr 1.36

Waterford (Irish: Port Láirge) is the oldest city in Ireland, situated at the head of Waterford Harbour, with a population of 46,732. The city is served by 21 primary schools and 9 secondary schools. River Suir, which flows through Waterford City, has provided a basis for the city's long maritime history. The M9 motorway, connects the city to Dublin. The N24 road connects the city to Limerick city. The N25 road connects the city to Cork city. The route continues eastwards to Rosslare Harbour. Bus services operate throughout the city centre and across the region. Waterford railway station is the only railway station in the county of Waterford.