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For Sale by Coldwell Banker Estates & Homes via the iamsold Bidding Platform
We are delighted to offer for sale this excellent Investment Opportunity with a Blue Chip covenant.
The Investment property consists of the Applegreen Service Station and complementary commercial outlets on a plot of C. 1 acre in an excellent trading location on Sallins Road, Naas ,Co Kildare which is only 30 minutes from Dublin off the main motorway to Cork City.
The property is let to Petrogas Group Ltd under a 21 year FRI lease from 26th October 2016. The next review is in Aug 2026 and will be based on the CPI (Consumer Price Index).
Accommodation:
Forecourt with 4 x Double sided pump terminals under canopy
Auto and Manual double bay Car Wash systems and Valeting
ATM, Parcel Motel, Self Service Launder-Mat, Automatic
Truck Refuelling, associated stores, toilets and workshop.
C.270 sq.m. (net) Convenience Store with off- licence ,Deli with Seating Area and Toilets.
ATM., Office. Staff facilities.
Extensive Storage space to first floor of building
Generous customer parking
Site Area 0.38 Ha.
Lease and Investment Highlights:
Let to Petrogas Group Ltd
Term 21 years from 26th October 2016
No break until October 2031
Rent €145k until 2026 and market rent thereafter reviewed 5 yearly
Net Initial Yield: C.7 % from 2021
User : Service Station with complimentary convenience store and other commercial offerings
Directions:
GPS Coordinates: 53.2261165 -6.65986090
1.5 kms from Main Street Naas on Sallins Road towards the M7 AND n7.
TO VIEW OR MAKE A BID Contact Coldwell Banker Estates & Homes or www.iamsold.ie
*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.
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A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.
A Bidder Security Deposit of €20,000.00 is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to iamsold's client account to authorise them to bid on the Online Auction (please note, this option may take several days).
The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.
Any balance of the full contract deposit must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by debit/credit card, or same day bank transfer to iamsold's client account.
All unsuccessful bidders will have their pre-authorisations released OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.
Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.
For further information or to speak to one of our team, please call 01 687 5040.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.
