42 Michael Street, Waterford, X91DR5W

42 Michael Street is a two-storey mid terrace retail property extending to approx. 114 sq. m.

Located on Michael Street in the heart of Waterford City, the subject property is conveniently located less that 150m from John Roberts Square, less than 130m to City Square Shopping Centre and less than 300m to the Quay. Close to some popular retail premises including Dunnes Stores, Penney’s, The Book Centre, Pandora, Lifestyle Sports and Dealz.

The property has vacant possession of the ground floor, with the tenant on the first floor is on a rolling 12-month lease, having been in occupation since January 2024.

The tenant on the ground floor who has recently vacated, was a bookie’s and had paid a significant passing rent, this provides the new owner an opportunity to acquire a retail tenant.

This shows the potential rental uplift achievable on the investment. BER: E1
BER Number: 800637134
Energy Performance Indicator: 1627.36 kWh/m²/yr

Waterford (Irish: Port Láirge) is the oldest city in Ireland, situated at the head of Waterford Harbour, with a population of 46,732. The city is served by 21 primary schools and 9 secondary schools. River Suir, which flows through Waterford City, has provided a basis for the city's long maritime history. The M9 motorway, connects the city to Dublin. The N24 road connects the city to Limerick city. The N25 road connects the city to Cork city. The route continues eastwards to Rosslare Harbour. Bus services operate throughout the city centre and across the region. Waterford railway station is the only railway station in the county of Waterford.

BER Details

BER Rating: E1

BER No.: 800637134

Energy Performance Indicator: 1627.36 kWh/m²/yr