7 Watergate Street, Navan, Co. Meath, Navan, Co. Meath, C15P653

Mid -Terrace two storey commercial property investment, entire let to Hickey's Pharmacy Limited (wholly owned subsidiary of Uniphar Plc) on Watergate Street, Navan, within a well-established commercial and retail thoroughfare benefiting from on-street parking. The property comprises a self-contained, three-storey building presented in good condition throughout, arranged as follows: The ground floor is occupied by a pharmacy, fitted out to a high standard and comprising a consulting room, office, storage room, toilets, staff kitchen, and additional storage to the first floor. The first floor and second floors are self contained and sublet to a GP practice with a signed Deed of Renunciation. Investment Summary 7 Watergate Street presents an excellent investment opportunity, held freehold. The entire is let to Hickey's Pharmacy Limited (wholly owned by Uniphar Plc) on a 35-year full repairing and insuring lease from 28th February 2003, producing a current passing rent of €62,500 per annum and reflecting a WAULT of 11.4 years. The property is offered to the market with a guide price of €750,000, reflecting a net initial yield of 7.58% after standard purchaser's costs, subject to contract.