Bidder snaps up Kildare building with bookies, Chinese restaurant and €14k a year telecoms mast

KildareNow reporter


KildareNow reporter


Bidder snaps up Celbridge building with  property with bookies, Chinese restaurant and telecoms mast

The highest price at BidX1's recent Irish online auction was for a commercial investment property on Main Street, Celbridge which sold for €850,000 - €100,000 over its €750,000 guide price.

The terraced property on English Row generates €89,000 in combined rents, which equates to a gross yield of 10.47 per cent. 

The major portion of its rental income, €47,500, comes from a Paddy Power bookmaker shop on the ground floor.

A further €27,000 comes from River King Chinese restaurant on the first floor.

Both leases run until May 2023 and will not be affected by the sale.

A telecoms mast erected at the property generates a further €14,500 from Meteor.

The total floor area of the building extends to 5,177 sq ft.

Bidders paid more than €21.4m for 133 lots at BidX1 - more than two-thirds of the 198 lots offered.