DESCRIPTION

Turley Property Advisors are proud to present 'AIB '5/6 Collumcille Street, Tullamore, Co. Offaly to the market 'For Sale' by Private Treaty. The property comprises a traditional end of terrace, three-storey building with a three-storey extension to the rear. The entire building extends to approximately Net Internal Area 562.4 sq. m. (6,054 sq. ft.). The passing rent is €199,000 per annum. The ground floor is 'L' shaped with frontages to William Street and internally to The Mall Shopping Centre.

 

The ground floor accommodation comprises an entrance hall with ATM machines, banking hall to include electronic banking wall, ancillary space, and stores. The first floor is in office use and the second-floor accommodation comprises staff canteen and stores. The property comprises a purpose-built bank constructed circa 1940's-1950's. A three-story extension was added to the rear approximately 30 years ago. The original building is generally of traditional construction under a pitched slate roof with a concrete flat roof and asphalt coverings to the extension. To the rear of the property fronting onto The Mall there is a small-enclosed yard and boiler room. The property does not have the benefit of car parking.

 

ACCOMMODATION

The accommodation briefly comprises the below total floor areas on a Net Internal Area:

Floor                     Use               Areas (GIA) Sq. m.          Sq. ft.

Ground Floor    Retail Bank                 358                      3,856

Ground Floor    Strong Room               29                         311

First Floor          Offices                        93.20                    1003

Second Floor     Offices                        82.20                     884

TOTALS                                                   562.4                  6,053.61

 

TENANCY

The entire property is currently let to Marro Properties Limited (AIB) at a current rent of €199,000 per annum.

The lease commenced 26/02/2010, ending 25/02/2030 with a tenant option to break on the 25/02/2025

 

LOCATION

The subject property is in the centre of Tullamore, the largest town in Offaly, approximately 100km west of Dublin and approximately 120 km east of Galway. The subject property is located on the eastern side of William Street (also known as Columcille Street) approx. 35 metres north of its junction with Church Street, Patrick Street and Bridge Street/High Street, which runs in a north south direction through the centre of the town. Bridge Street Shopping Centre which is anchored by Dunnes Stores is located within 150m of the subject property. The majority of other financial services providers including Bank of Ireland, An Post, Permanent TSB and EBS are located in O'Connor Square which is opposite the Bridge Centre.