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€120,000 Sale Agreed
1 bed
3 baths
116 sqm
109D Barrack Street / Newport Square
Waterford City
Co. Waterford
X91 VF50
Description
Auction at 11.00am on 11th December 2024 via the Offr platform
To view and make offers on this property 24/7, visit sherryfitz.ie and register on mySherryFitz.
Sherry FitzGerald John Rohan present for auction this excellent investment in Barrick Street!
LOCATION
The property is located on the junction connecting Barrack Street and Newport Terrace on the outskirts of the city centre. Newport Terrace is one of the roads connecting Barrick Street with the Lower Yellow Road on its northern junction.
Historically, Barrack Street was home to the Waterford Barracks, a military installation within the city. There were two sets of barracks: the artillery barracks on the south side, on what is today known as St. Carthage’s Avenue and the better known infantry barracks on the north side, which is situated just across the road from the subject.
Barrack Street is very well connected with Waterford Road Network connecting to N24 to Tipperary and Limerick, N25 eastbound to Rosslaire and M9 to Dublin via Morrissons Road, as well as the N25 westbound to Cork and R675 to Tramore via Barrick Street. The property also is serviced by a number of bus routes via Morrison’s Road, Slievekeal Road and the Yellow Road.
Barrick Street consists of a mix of residential and commercial units and is a popular and busy location. Occupiers immediately adjacent to the subject are: Hot Corner Pizza & Kebabs, The Dragon Inn Takeaway, IMB Studio, Richard Hannigan Hair and Waterford Youth Arts, which is situated within The Arch of the Old Barracks. Other occupiers in the area include: Post Office, Mount Sion Primary and Secondary School, Edmund Rice Heritage Centre, Carry Out, Danny’s Takeaway, Something Sweet, Hickeys Bakery, Jack Molloy’s and Spar.
PROPERTY DESCRIPTION
The property is a two storey, semi-detached unit with a gated side entrance. The property is in extremely poor condition throughout and the side entry way is completely overgrown.
The property measures at 1250 sq. ft (116.13 sq. m). The property comprises of an old bookies on the ground floor and an apartment on the upper floor. The property has gas-fired central heating.
TENURE
The property is of freehold interest.
TENANCY
The ground floor commercial unit is vacant. The apartment is tenanted and achieving €460 per month, paid by Waterford County Council via the RAS scheme.
RESERVE PRICE
€120,000
NEGOTIATOR
John Rohan
COMMERCIAL RATES
To be confirmed.
BER
Ground Floor Commercial Unit – B3
Apartment 2 (Overhead) - F
BER Information
BER Number: 801024787
Energy Performance Indicator: 337.33 kWh/m²/yr
About the Area
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.
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