This property offers an excellent investment opportunity with over 10 years secure income let to Bank of Ireland. The property comprises a three story period building with a single storey extension to the rear. The ground floor comprises an open plan retail banking hall alongside a private meeting room. The upper floors are currently in use as offices with employee amenities located on the first floor.
The entire is let to Bank Of Ireland on an upward only lease with over 10 years until lease expiry in June 2032. The subject property is located on the Main Street of Longford with all amenities within close proximity.
Longford town is the county town and has an urban population of over 10,000 people. The town is easily accessible via the national road network, being located along the N4 Dublin Sligo Road and the N5 connecting the town to the west. Longford also accessible by public transport being situated on the Dublin – Sligo Railway line.
The entire is let to The Governor & Company of the Bank of Ireland on the following Terms:
Term: 25 Year full repairing and insuring (FRI) leaseLease Date: 1st July 2007Rent Reviews: 5 yearly upwards only rent reviews.
Current Rental Income: 133,592 per annum.
The property is laid out over 3 floors as described in the schedule below:
||Floor Area in Sq Ft (NIA)
||Banking Hall / Offices
||Offices / Canteen
||Offices / Store