Subject to Contract/Contract Denied
Cushman & Wakefield are pleased to present details of this Prime Retail Investment Opportunity in the heart of Wexford Town Centre.
* Accommodation extending to approx. 1,035.89 sq m (11,150 sq ft) Net Internal Area
* Let to New Look Retailers (Ireland) Limited t/a New Look on a 25-year lease from 16th February 2007
* Parent company guarantee from New Look Retailers Ltd (D&B rating of 5A2, on 26th March 2016 they reported a turnover of Â£1,398,502,000 and a tangible net worth of Â£323,253,000)
* Currently generating a rental income of €375,000 p.a.
* Unexpired lease term of 14.75 years to expiry (as of 17.05.17) no break options
* Tenants not affected
* BER C1
Offers sought in excess of €4,480,000 reflecting a net initial yield of 8.01% assuming standard purchasers costs of 4.46%.
BER Rating: BER C1
BER Number: 800557399
Energy Performance Indicator: 773.44