The White House B&B, 2 Ocean Wave, Salthill, Co. Galway

€695,000

H91DH96 13 beds13 baths

The White House B&B, 2 Ocean Wave, Salthill, Co. Galway

€695,000

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Beds	13 beds
Price	€695,000
Property Type
Size	meters²
Energy Rating	BER-C2
Refreshed on	Sep 20, 2024
Eircode	H91DH96

Description

A prime hospitality investment. Comprising 13 x ensuite bedrooms. Benefitting from off street parking to the front and a garden to the rear. Located in Salthill just outside Galway City. Extending to approximately 402 sq. m (4,327 sq. ft). Lease expiry August 2047. Total current rent reserved 60,000 per annum. Gross Annual Yield 8.60%. The property is arranged over ground and two upper floors to provide a B&B. Internally the property comprises 13 x bedrooms with ensuite together with a kitchen and living/dining facilities The property is situated in the centre of Salthill. A picturesque seaside location, highly sought after for tourists year round with amenities such as Grattan Beach, Galway Golf Club and Mutton Island. Further amenities to include a host of popular bars, restaurants, cafes and shops can be found in nearby Eyre Square (2km) and Spanish Arches (1.5km)Total floor area extending to approximately 402 sq. m (4,327 sq. ft). The subject property is single let to an individual on a 30 year lease FRI from August 2017 at an annual contracted rent of 60,000. The lease allows for 5 yearly CPI linked rent reviews.

Accommodation

BER Details

BER: C2 109911196 186.09 kWh/m2/yr

Lot Number

-

Negotiator

Robert Hefferon

Auction Location

Online - BidX1

Auction Time

2024-10-24 08:00

Description

A prime hospitality investment. Comprising 13 x ensuite bedrooms. Benefitting from off street parking to the front and a garden to the rear. Located in Salthill just outside Galway City. Extending to approximately 402 sq. m (4,327 sq. ft). Lease expiry August 2047. Total current rent reserved 60,000 per annum. Gross Annual Yield 8.60%. The property is arranged over ground and two upper floors to provide a B&B. Internally the property comprises 13 x bedrooms with ensuite together with a kitchen and living/dining facilities The property is situated in the centre of Salthill. A picturesque seaside location, highly sought after for tourists year round with amenities such as Grattan Beach, Galway Golf Club and Mutton Island. Further amenities to include a host of popular bars, restaurants, cafes and shops can be found in nearby Eyre Square (2km) and Spanish Arches (1.5km)Total floor area extending to approximately 402 sq. m (4,327 sq. ft). The subject property is single let to an individual on a 30 year lease FRI from August 2017 at an annual contracted rent of 60,000. The lease allows for 5 yearly CPI linked rent reviews.

Accommodation

BER Details

BER: C2 109911196 186.09 kWh/m2/yr

Lot Number

-

Negotiator

Robert Hefferon

Auction Location

Online - BidX1

Auction Time

2024-10-24 08:00

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Date created: Sep 20, 2024