REA

Abbey Road Portfolio, Abbey Road, Navan, Meath Sale Agreed


Features

  • The subject mixed use portfolio provides 27 residential units extending over 4 blocks which were constructed in 2005/2006 and provide a mixture of 1 & 2 bedroom apartments at first, second and third floors. There are 5 self contained ground floor retail units, two of which are occupied.
  • Each residential block is accessed from Abbey Road by means of an entry phone/ video system and keypad/fob. Each residential block is serviced by OTIS 10 person lifts from ground to third floors.
  • • Block A (nearest to Argos) – 6 apartments, 3 X 2 Beds and 3 X1 Bed apartments
  • • Block B – 9 apartments, all 1 bedroomed with three units per floor
  • • Block C – 6 X 1 bedroom apartments with two units per floor
  • • Block D (nearest to PSRA office) 6 apartments – all 2 bedroom apartments, 2 per floor
  • The property also contains 5 ground floor retail units fronting onto Abbey Road, two of which are occupied and 3 units which provide shell and core finish internally. Dominos Pizza are in occupation with 13 years unexpired and Sew Good occupy the second unit and are currently holding over.
  • Further details available on www.abbeyroadportfolio.ie

Description

• Mixed use portfolio providing 27 town centre apartments & 5 retail units
• Residential units are fully let
• Current residential rent €248,700pa. Residential ERV of €324,000pa
• 5 retail units, 2 occupied producing €40,700pa. 3 vacant retail units offering opportunity to improve rent roll
• Total current rent is €289,400pa with total ERV of €412,920pa
• Abbey Road is located in Navan Town Centre just off the N51 offering access to transport links
• Adjacent to Navan Town Shopping Centre with annual footfall of approx 6 million
• Car parking will be provided by way of licence agreement, with one space allocated per unit in the adjoining Navan Town Centre Green car park
• Asking Price: €3,500,000 reflecting a net initial yield of 8.98% and reversionary yield of 12.82% after acquisition costs

BER Details

BER:

Accommodation

Full tenancy schedule available on data site - www.abbeyroadportfolio.ie

Directions

Located on Abbey Road, just off the N51 route in the heart of Navan Town Centre, Co Meath.
Navan Town Centre is serviced by J8 & J9 of the M3 motorway.

Viewing Details

Viewing strictly by appointment through the sole selling agents -
REA GRIMES, Main Street, Ashbourne, Co Meath.
Tel +353 1 8350 392 / siobhan@reagrimes.ie
Dataroom - Visit www.abbeyroadportfolio.ie
PSRA Licence No 001417

Property Agent

  • REA Grimes (Ashbourne)
  • Main Street, Ashbourne, Co. Meath
  • 01 835 0392
  • PSRA Licence No: 001417 / 001557
Request Details

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