A number of commercial properties will be going under the hammer at the next Allsop Space auction later this month.
The auction, which will take place on February 25, will see a host of retail and industrial properties go on the market.
The Paddy Power bookmakers on the Old Bray Road at Cornelscourt, Dublin 18, will be up with a reserve range of €585,000 to €625,000. The ground floor bookies extends to about 88.26sqm and has a two-bedroom apartment overhead.
The ground floor is let to Paddy Power on a 25-year FRI lease from 2003 at a rent of €51,250 per annum. The apartment is let for 18 months from May 2013 at a rent of €12,000 a year.
The Leinster Arms on Leinster Street in Athy, Co Kildare, is on the block with a reserve range of between €900,000 and €1m.
The property forms a prominent end of terrace block extending to approximately 716.26sqm comprising a bookmakers and two cafes to the ground floor, with a Chinese restaurant at first floor level.
The bookmakers is let to Paddy Power on a 20-year FRI lease from 2006 at a rent of €60,000 a year. Both cafes are let to the same tenant, trading as Deelish Bistro the first is let on a 25- year FRI lease from 2009 at a rent of €21,750 a year while the second is let on an 18-month lease from June 2013 at a rent of €13,000 per annum
The Chinese restaurant is on a 25-year FRI lease from 2008 at a rent of €36,000 PA. Finally, there is a further €17,531 being generated from rooftop telecommunications licences.
Number 77/78 Tullow Street, Carlow is made up of a ground floor bookmakers with first floor attic extending to 74.32sqm.
The entire property is let to Paddy Power on an FRI lease for 20 years from 2008 at a rent of €63,000 per annum.
It has a reserve range of between €525,000 and €575,000.
Finally 53/54 Georges St in Dun Laoghaire provides two ground floor retail units and a first floor beauty salon. The property is subject to three leases producing a total of €46,200. It has a reserve range of between €450,000 and €500,000.