New Ross AIB building for €450,000
ONE OF New Ross's most prominent buildings, the AIB Bank, is up for sale with an asking price of €450,000.
The property, which is leased by the bank, was bought by a private investor from AIB in 2007 and is now for sale by Wexford estate agents REA McCormack Corish along with joint agents, Savills.
The South Street premises is for sale by private treaty.
The entire premises, which includes ten car parking spaces, is leased for a term of 20 years from March 2007, subject to a passing rent of €66,900 exclusive subject to five yearly upward only rent reviews.
The lease provides for a tenant only break in 2022 and is guaranteed by Allied Irish Bank PLC.
The property, which is located in the centre of the town on the main street, comprises of a three storey over basement mid-terraced commercial building extending to 363 sq.m with off street parking.
Robert McCormack of REA McCormack Corish, said: 'This is a great opportunity for private investors seeking an attractive, easily managed investment property let to a very strong covenant occupying a landmark location in the centre of New Ross Town.'
For further information contact the selling agents.