DescriptionINVESTMENT OPPORTUNITY in Clonmel town center currently producing return in the region of 10% pa.
Presently let on a 21yr lease from 2005 with 3 yr rent reviews. The current passing rent is €72,800 per annum inclusive of vat at 23%.
6 Sarsfield Street is located in the very heart of Clonmel (the largest town in Tipperary and home to names such as Abbott Vascular, Boston Scientific, MSD, Bulmers to name just some of the multi national companies operating in the area).
This pivotal building supports a passing trade and has developed a strong repeat business clientele over the years.
Located within walking distance of the high st retail, entertainment and river walks this building is the perfect location for the hospitality sector. Further planned developments including the Clonmel Arms Hotel in the surrounding areas will increase tourism and footfall in the area.
Strategically located with high visibility this end terrace corner building was completely refurbished and remodelled in circa 2005 to provide for a 80 to 100 seater restaurant on the extended ground floor return with the ability to provide for private small functions, additional outdoor seating is available for summer dining.
The lower level is home to commercial kitchen with ancillary storage, office, and dry riser.
In addition to the restaurant there are 9 guest rooms over the next 3 floors.
As an investment opportunity with the increasing local tourist business, existing and developing business in Clonmel town, this is an investment with strong potential.
BER DetailsBER: C1
BER No: 800734121
Performance Indicator: 863.46 kWh/m²/yr 1.14
DirectionsSarsfield Street is located in the centre of Clonmel connecting the junction of O’Connell St and Gladstone St.
Viewing InformationStrictly by appointment with Sherry FitzGerald Cashel on 062 63743