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REVEALED: HSE IS PAYING €86,400 A YEAR TO RENT NOWDOC OFFICES IN LETTERKENNY

written by Stephen Maguire October 2, 2014
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The building in Letterkenny which houses the NowDoc offices.

The building in Letterkenny which houses the NowDoc offices.

The HSE is spending €86,400 a year renting the NowDoc building in Letterkenny, auction documents have shown.

Auction details of the building at Oldtown Road has revealed that the HSE has paid rent on the building for the past decade.

A reduced rent of €59,000 is currently being negotiated between the HSE and the current owner.

Details of the rental agreement are contained in an All-Sop auction brochure which was published last night.

The NowDoc offices is one of two joint-buildings to go under the hammer as one lot at the auction in Dublin on October 22nd.

The other building is the Dizzy Rascals play centre which has a rent of €15,000 each year.

The current combined rent from the 14,000 sq ft warehouse is €101,400.

The reserve price on the warehouse office unit has been put at between €490,000 and €540,000.

The tenant information posted with the All-Sop brochure for prospective buyers says “The HSE is a public sector organisation with an annual budget of approximately €13 billion, it is also Ireland’s largest employer with approximately 67,000 employees.”

There are a total of three Donegal properties for auction at the All-Sop auction.

The other two include the Magnolia Restaurant in Letterkenny which has a reserve price of €30,000 and also a half acre of land in Bridgend with a reserve price of €5,000.

 

REVEALED: HSE IS PAYING €86,400 A YEAR TO RENT NOWDOC OFFICES IN LETTERKENNY was last modified: October 2nd, 2014 by Stephen Maguire
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All SopauctiondonegalHSEletterkennyNowDocrent
Stephen Maguire

Stephen Maguire is the co-founder of Donegal Daily. He has worked as a reporter for almost 30 years starting locally with the Donegal Peoples Press before moving to the Mirror Group. He continues to contribute daily to national media outlets including the Irish Times, RTE, the Irish Independent, Irish Sun, Irish Mirror, Irish Star, the Daily Mail and the Examiner.

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