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Fough West, Oughterard, Co. Galway.
Ref: C018

Offers on €850,000

Two substantial commercial premises, with substantial parking, in a good quiet private location yet within 100 metres of the village centre. Good existing and potential covenants producing €58,000 p.a. currently and expected income of €82,600 annually.

Oughterard, which is a mile distant, is well known for its range of shops, pubs, banks and hotels which cater for the large numbers of visitors who come to take advantage of the walking, boating and other leisure activities for which this area is justly famous. Golf is on the doorstep of the property at the 18 hole Oughterard golf course, set in natural parkland and there are six other golf courses within an hour's drive.

THE PROPERTY fronts onto Camp Street, was constructed in 2000 and comprises two commercial premises, one behind the other, with 43 parking spaces on the site. All the premises have Cat 5 cabling and electric heating. Offices 4 & 8 have air conditioning.

OFFICE BUILDING 1:

OFFICE 1 Ground floor premises fitted out as a Veterinary Surgery extending to 55.76 sq. m. or 600 sq. ft.

OFFICE 2 First floor office premises extending to 32.84 sq. m. or 354 sq. ft.

OFFICE 3 First floor office premises extending to 22.68 sq. m. or 244 sq. ft.

OFFICE BUILDING 2:

OFFICE 4 First floor office premises extending to 206.47 sq. m. or 2,220 sq. ft.

OFFICE 5 First floor office premises extending to 68.95 sq. m. or 742 sq. ft.

OFFICE 6 Ground floor office premises extending to 95 sq. m. or 1020 sq. ft.

OFFICE 7 Ground floor office premises extending to 32.25 sq. m. or 347 sq. ft.

OFFICE 8 Ground floor office premises extending to 158.45 sq. m. or 1705 sq. ft.

The premises are let as follows:

OFFICE 1 - Let on 25 year lease commencing 1999 to Serbhis Trιidiochta Chonamara with a current rental of €9,600 p.a.

OFFICE 2 – Currently vacant but previously let with OFFICE 3 at a rental of €8,400 p.a.

OFFICE 3 – Office 2 above.

OFFICE 4 – Let with Office 8 below to Galway Vocational Education Committee from 2003 until 2019 with no break clause and no rent review at a rental of €40,000 p.a.

OFFICE 5 Let on new lease of 4 years, 6 months to ETM Ltd. at a rental of €8328 p.a. with no break clause and no rent review.

OFFICE 6 Currently vacant but recently let at a rental of €12,400 p.a.

OFFICE 7 Currently occupied by vendors but available upon completion.

OFFICE 8 See OFFICE 4 above.

The Current Rental Income is :
OFFICE 1 €9,600
OFFICE 4 & 8 €40,000
OFFICE 5 €8,328
€57,928
Estimated Rental Income:
OFFICES 2 & 3 €8,400
OFFICE 6 €12,400
OFFICE 7 €3870
ACTUAL & ESTIMATED INCOME €82,598

THE GROUNDS EXTEND TO APPROX. 0.50 ACRES

SERVICES: Mains electricity, water and drainage.


* Click on picture to view *

East Elevation
East Elevation Building 1
Entrance into lower car park
North Elevation
North west elevation
Part of extensive car park
South East Elevation
Western elevation building 2
Western elevation building 2
Building No. 1
Building No. 2


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