Investment Property For Sale - 37,814 sq. feet (3,513 sq. metres) - -
Ormonde centre, Gladstone Street, Clonmel, Co. Tipperary "Prime Retail Investment Opportunity"
For Sale by Private Treaty (Tenants Not Affected)
BER - C3
Investment Considerations; - Modern Retail Development
The ormonde centre, Clonmel was redeveloped/completed in 2010 and is constructed to an extremely high standard providing bespoke retail space.
- Clonmel Catchment - Clonmel is the capital of the South Midlands region with an extensive catchment
- Clonmel draws from a catchment of over 105,000 persons.
- The property comprises a part three storey, part single storey development offering both retail and office accommodation in the heart of Clonmel Town Centre.
- Entire extends to 3,513 sq m (37,810 sq ft) - Accommodation
- Approximately 2,537 sq m (27,310 sq ft ) of retail accommodation and 975 sq m ( 10,500 sq ft ) of office space
- Current Income - €120,000 per annum from 20% of the development
- Asset Management - 80% of floor space is vacant, offering opportunity to enhance return, including fitting out and/or letting shell and core units
- Attractive Reversionary Yield
- ERV €445,000 - Reversionary yield is 20% on quoting price of €2.25 million
- Opportunity to acquire the development at below the current development cost
- Freehold Income Producing Asset
- Guide Price - €2.25 million (Ex VAT) - For Sale by Private Treaty ( Tenants Not Affected)
BER Rating: BER C3
BER Number: 800088577
Energy Performance Indicator: 1006.38kWh/m2/ye 1.43