€1.5m guide price for Bank of Ireland premises in Rathcoole

THE Bank of Ireland premises on Main Street in Rathcoole has been brought to the market with a guide price of €1.5m – but Bank of Ireland’s tenancy of the building will be unaffected by the sale.

The subject property has been brought to the market by Turley Property and comprises a ground-floor modern retail bank branch unit which forms part of a larger mixed-use development known as Eaton.

The unit extends to approx. 405 sq m and is laid out to provide open-plan retail banking accommodation with associated ancillary offices and staff facilities to the rear.

The accommodation benefits from approximately 14 metres of frontage to Main Street.

The ground floor comprises a typical bank branch with a security porch, a main retail area with a waiting area, a service counter, and semi-partitioned customer service/meeting pods.

A cash and large machine area and three private office rooms are also part of the property.

The rear of the property provides a strong room, comms room, store, a kitchen and staff toilet and shower facilities.

The property is being sold with the tenant in-situ and is leased to the Governor and Company of Bank of Ireland.

The lease is held under a 25-year FRI lease from January 8, 2007, on an upwards-only lease paying a contracted rent of €150,398 per annum.

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