A mid-terraced mixed use building at 16 Baileys New Street, Waterford is being offered for online auction with a €200,000 guide price. The online auction is scheduled for Friday, May 22 at 10.30am, with a €4,500 bidder security that is fully refundable if unsuccessful. The property spans ground and two upper floors and includes a ground floor retail unit plus two flats on the first and second floors. It is located near Theatre Royal Waterford, The Tower Hotel and Leisure Centre, Dunnes Stores, and City Square Shopping Centre. Public transport access is provided by nearby bus stops, with Waterford (Plunkett) Train Station about 1km away and the N25 offering regional routes. Total floor area is about 124 sqm. The ground floor retail unit is let under a two-year lease from February 1, 2024, while the flats are occupied under informal tenancies. Current rent reserved totals €14,580 per year.
"The ground floor is let to an individual, with a two-year lease from February 1, 2024. Two flats are occupied with informal tenancies. The total current rent reserved is €14,580 per year."
Read at Irish Independent
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