Bank of Ireland Abbey Square Enniscorthy Co. Wexford - Investment Property For Sale by Private Treaty (Tenant Not Affected)
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Bank of Ireland Abbey Square Bank of Ireland, Abbey Square, Enniscorthy, Co. Wexford Enniscorthy Investment Property For Sale by Private Treaty Co. Wexford (Tenant Not Affected) Investment Property For Sale by Private Treaty (Tenant Not Affected)
Bank of Ireland
44
R7
1
Abbey Square
N1
Enniscorthy
R890
AD
RO
Co. Wexford
’S
CONVE
AN
SEN
N11
ST
NT ROAD
BE
LL
EF
44
IEL
R7
DR Enniscorthy
OA
D
H A NNON
R7
02
N1
PLES
CAT
1
HED
RAL
TEM
ST
RE
ET
DR
UM
DERRY
R70
GO
OL
R70 N1
2
2
1
D
RO
AD
N1
BELFAST WEAFER STREET
1
ENNISCORTHY CA
ST
L E HILL
N11
GALWAY DUBLIN
AD
RO
’S
HN
WICKLOW
R772
JO
KILKENNY
ST
LIMERICK N11
ENNISCORTHY
WEXFORD
WATERFORD
R744
CORK
R772
Enniscorthy and hinterland is a strong arable farming
Location business location. Co. Wexford and Enniscorthy in particular
Bank of Ireland Enniscorthy occupies a high profile location enjoys strong tourism annually, with recent hotel expansions
in the centre of the town on Abbey Square and opposite the completing to cater for demand.
Post Office. The locality provides for an extensive range of
Enniscorthy will benefit immensely from the recently opened
amenities and services. Neighbouring occupiers include
extension of the M11 motorway, providing a bypass for
€uroGIANT, Credit Union and Post Office.
Enniscorthy town relieving heavy traffic congestion on the East
Enniscorthy could be described as a busy market town and the side, while also giving the town direct access to the motorway
second largest settlement in the county after Wexford Town network reducing driving times to Dublin.
and according to last census 2016, the town has a population
The town will also benefit from a Western relief road
of 11,381 with the extended Enniscorthy rural hinterland
circumventing the town on the West side linking the M11
(electoral area) encompassing some 35,801 persons.
motorway to the N30 New Ross route. Furthermore, the town
It is situated on the River Slaney and the N11 Road (currently will also benefit from the imminent work on Enniscorthy Town of new modern office buildings, with construction due to start
Dublin to Rosslare route) which bisects the town and the N30 flood relief scheme. in 2020.
connects the town to New Ross and Waterford to the West.
Enniscorthy is a growing commercial hub set to benefit by Opus Fund Services, an award winning global fund
Enniscorthy also has a railway station, which is on the Dublin-
the new infrastructure and with an exciting future due to administrator has announced it plans to open an office in
Rosslare Line and an excellent national bus route service.
Enniscorthy Technology Park, a new commercial development Ireland, locating in Enniscorthy Technology Park and creating
It is located approximately 24km north west of Wexford Town, site of 15.5 hectares (38 acres) in close proximity to the town 100 jobs over five years.
126km south of Dublin and 40km north east of Waterford City. centre. The business park is expected to deliver 100,000 sq ft
Bank of Ireland
Abbey Square
Enniscorthy
Co. Wexford Tenancy
The subject Property is let to The Governor &
Company of the Bank of Ireland on a 25 Year
full repairing and insuring (FRI) lease from the
1st July 2007 at a current rent of €124,074
per annum. The lease is subject to five yearly
upward only rent reviews.
WAULT
The investment opportunity offers an attractive
term certain of 11.8 years to expiry.
Title
Freehold.
Description
The property comprises a three storey detached building of traditional construction with
a modern single storey extension to the rear. A small car park is located to the side of the
building providing staff and customer car parking.
Internally, the property comprises a bright, open plan banking hall with offices finished with
a modern specification. There are various original building features throughout. The upper
floors provide for office accommodation.
Floor Floor Area (Sq M) NIA Floor Area (Sq Ft) NIA Description
Ground 316.14 3,403 Banking Hall / Offices
First 87.88 946 Offices
Second 76.27 821 Offices / Stores
480.29 5,170
Bank of Ireland
Abbey Square Covenant
Enniscorthy
Co. Wexford Bank of Ireland
Bank of Ireland was established in 1783 •N ew lending of 5.8bn in H1 2020
and is a leading pillar bank in the Republic • Strong capital position with fully loaded
of Ireland. The bank group offers a diverse Common
array of services including retail, insurance, •E quity Tier 1 (CET1 ratio) of 13.6%
corporate and commercial and is one of the (comfortably in excess of the 13% guidance
Country’s largest employers with over 10,400 for minimum capital requirements).
employees (Aug 2020). Bank of Ireland •C ost reduction of approx. €27m (3%) in H1
maintains an extremely strong domestic 2020 vs H1 2019
market position as a predominant retail and
commercial banking institution in Ireland with Source: BOI June 2020 Interim Results
its shares listed on the main markets of the
Irish Stock Exchange and the London Stock
Exchange.
Irish Investment Market
The Irish economy comes off a backdrop
of several years of sustainable growth
coupled with record levels of commercial
real estate investment transactions,
until the global pandemic impacted Irish
society. As anticipated, the market is
adapting to the new reality with demand
for secure long income investment
properties.
Bank of Ireland
Abbey Square
Enniscorthy Inspections
Co. Wexford
Strictly by appointment from joint sales agents.
Planning
The property is located within an area zoned ‘Town Centre’
in the Enniscorthy Town & Environs Local Area Plan 2008 –
2014. It is also listed as a Protected Structure.
PRICE
On application.
BER
Exempt.
Contacts Solicitor
Damien McCaffrey Barty O’Connor Anne Doyle
damien.mccaffrey@bnpparibas.com info@dngoconnorandoconnor.ie a.doyle@beauchamps.ie
T +353 1 661 1233 T +353 (0)53 9377147 T +353 (0)1 4180600
BNP Paribas Real Estate Ireland DNG O’Connor & O’Connor Beauchamps
20 Merrion Road, Ballsbridge Main Street, Bunclody, Co. Wexford Riverside Two, Sir John Rogerson’s Quay,
Dublin 4, D04 C9E2 www.dngoconnorandoconnor.ie Dublin 2, D02 KV60
realestate.bnpparibas.ie PSRA No: 001161 www.beauchamps.ie
PSRA No: 002702
DISCLAIMER: BNP Paribas Real Estate and DNG O’Connor & O’Connor give notice that these particulars are set out for general outline only, for the guidance of intending purchasers and do not constitute, nor constitute part of an
offer or contract. All descriptions, dimensions, references to condition and other details are given without responsibility and any intending purchasers should not rely on them as statements or representations of fact, but must satisfy
themselves or otherwise as to the correctness of each of them. All floor areas are approximate. September 2020. Designed and produced by Creativeworld. Tel +353 1 447 0553.
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