*** For Sale by Tender ***
Impressive large office building together with funeral home set in a prominent yet easy to access location on the outskirts of Sligo Town Centre. Excellent car park to the side and rear of the property.
Tenants are not affected by this sale.
Completed tenders to be returned to the offices of OSM Partners LLP, 87 Harcourt Street, Dublin 2 no later than 5 pm on Friday 1st July, 2022.
The property enjoys a prominent position, just off the recently enhanced & widened Inner Relief Road entering/exiting Sligo town to & from the main Donegal Road. It also fronts onto Duck Street, which leads onto IT Sligo & the main Sligo to Enniskillen Road.
The property is within walking distance of Sligo Town Centre.
The property is set on a large site of circa 0.3ha (0.741acre) which is finished with a tarmac surface & allows for excellent parking space to the side & rear.
This is an incredibly impressive large office building. The property enjoys substantial prominence and ease of access because of its location. The main buildings are split into two separate lettings. The larger portion being let to the HSE over two floors as IT offices and the remainder of the building at ground floor is leased to Sean Feehily Funeral Homes. This is a modern, well-built property with concrete floors between ground and first floor level, all double-glazed windows throughout with full modern finish throughout the buildings.
Impressive modern office building.
Excellent car parking on site.
Convenient accessibility to all routes.
Excellent location close to both IT Sligo and also University Hospital, Sligo.
The property is situated in an area zoned MIX 1 -
MIX-1 - mixed uses (non-retail) Objective: Promote the development of a dynamic mix of uses able to create and sustain vibrant residential and employment areas. Commercial (non-retail), residential, leisure, employment/enterprise uses are encouraged by this zoning.
Lease 1 - HSE
The HSE occupy an area which would appear to have a net lettable floor area of 791m2. There are additional spaces of approximately 175m2 which include hallways, WCs and kitchen area etc. over two floors. This area is broken down as a net floor area at ground floor of 456m2 and at first floor with a net floor area of 345m2.
We are advised that the HSE are currently overholding on their lease and are paying a rent of €150,000 per annum. We are advised that the HSE first occupied the property on 20th June 2003, however, they have been out of lease for a period of time and are currently as stated overholding on their lease.
Lease 2: Sean Feehily Funeral Services Limited
Sean Feehily Funeral Services Limited are occupying an area at ground floor which would appear to measure approximately 177m2 and this lease was put in place on the 1st day of August 2021 for a period of 21 years. The property has a current passing rent of €25,000 per annum.
We are advised that the two tenants within the property share the car parking element.
BER No. 800831190
Energy Performance Indicator: 263.48
BER No. 800831208
Energy Performance Indicator: 603.98
BER: C2 - E1
Located on Duck Street in Sligo just off the Sligo to Donegal Road. Eircode F91 EH98