Block I: 142 social apartments - 9677,36 sqm
1 supermarket
51 underground parking
Block II: 6 office units - 741,25 sqm
8 loft apartments - 1034,61 sqm
Block III: Music Hall - 9677,36 sqm Kindergarten - 343,03 sqm
2 offices - 280 sqm
Block IV: Restaurant - 395 sqm
| COSTS 2005 |
INCOME 2005 |
COSTS 2006 |
INCOME 2006 |
| € 38,133.00 |
€ 288,447.00
Comm units |
€ 51,016.00 |
€ 293,464.00
Comm units |
| € 56,385.00 |
€ 731,616.00 Parking |
€ 55,167.00 |
€ 832,388.00 Parking |
| € 164,553.00 |
- |
€ 167,515.00 |
- |
| € 259,071.00 |
€ 1,020,063.00 |
€ 273,698.00 |
€ 1,125,852.00 |
The Investment
The rental income for 2005-2006 was approx.. €9 million , with this in mind the seller is looking for offers at approx.. 15-16 times the rental income. The seller has request that we do not supply any more details on this property without an LOI completed on the buyers company paper, in addition proof of funds is required.
Commercial Tenancies: Terms, duration annual rent increment
Block 5.30 indefinite, current lease until 31/12/2010 Retirement Home current lease until 30/03/2016. Thereafter 1 x 5 years 2% Restaurant current lease until 31/12/2016 Thereafter 1 x 5 years 65% price index. Music Hall 31/12/2010 - 2 x 5 years Staggered increase. Block 5.35 / 5.36 Wellness centre / Hotel / Park House Current lease until 31/12/2024 Thereafter 2 x 5 years - 80% index.
