Enoteca Torino for sale for €240,000
|Local||12/02/2014||Enoteca Torino, 119sq m (1,281sq ft), guide price of €240,000 !!|
Adjoining vacant commercial unit 228sq m (2,454sq ft), guide price of €150,000 !!
For sale in one or two lots.
Sounds like a bargain! Maybe us local residents should club together to purchase one or both of these properties!
The following is quoted directly from the business section of the Irish Times 12/02/2014
The Enoteca Torino restaurant extends to approximately 119sq m (1,281sq ft) and is fully fitted with customer toilets, wall-mounted air-conditioning units, tiled floors and slab ceiling with recessed lighting.
A large adjacent vacant unit with approximately 228sq m (2,454sq ft) of space for commercial use is also on the market. The two units form the ground floor of James Plunkett House, a development of 15 apartments, two ground-floor commercial units together with 12 underground car spaces.
The agents are guiding €240,000 for Enoteca Torino restaurant, representing a net initial yield of approximately 10 per cent, and €150,000 for an adjoining vacant unit. The property is available in one or two lots.
The rent is €25,000 per annum running for 10 years from September 2013, giving an unexpired lease term of approximately 9.55 years.
There is a rent review at the end of the fifth year based on open market review.
The large adjacent vacant unit offers the potential for active asset-management opportunities such as sub-division, letting or owner occupation.
It occupies a high-profile location on a busy thoroughfare in Inchicore with a high volume of passing traffic.
|Oisin||14/02/2014||Just found out on twitter that the buildings are being sold but that Wallace Calcio will continue to run the enoteca!|