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City centre property goes up for sale at just under €1m mark

City centre property goes up for sale at just under €1m mark
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A Waterford city-centre property is up for sale for just under a million euro.

The commercial building at number 12 Broad Street has been sublet to Claire's Accessories. The mixed-use building is on the corner of Broad Street and Peter Street in the city, in the vicinity of City Square Shopping Centre.

The ground floor and basement consists of a commercial unit, while the first and second floors each comprise of a 36 square metre studio apartment and a 54 square metre one-bedroom apartment.

The commercial unit is let to the Bank of Ireland for a term of 35 years, which started in 1990, at a current rental of €83,000 per annum.

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This unit has been sublet to Claire's Accessories since 2011 for  €69,000.

The four apartments included in the premises have been let to Waterford City & County Council on a 20 year lease, with 18 remaining.

The current asking price for the whole building is €995,000.

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