Description
Features
BER Details
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Beds | |
Price | Sale Agreed |
Property Type | |
Size | 204 meters2 |
Energy Rating | BER-B3 |
Refreshed on | |
Eircode |
Description
Egan's are delighted to present this Prime Retail Investment opportunity to the open market for sale. This opportunity consists of ground floor retail unit trading as Keane's CarePlus Pharmacy and this property is being sold with the benefit of a new 15 year FRI lease at a passing rent of €45,000 per annum. Ground floor area consists of c. 2,200 sq.ft plus rear car park. Prime location in Mullingar town centre with nearby occupiers including Amber Court, Post Office, Cons, Wholesome Kitchen etc. This property has undergone a comprehensive new fitout in recent times and is fitted out to an extremely high standard. Summary lease details are; Term: 15 year FRI lease Rent: €45,000 per annum Rent review: End of year 10 in line with current market rent Break option: Tenant break option at end of year 10 Tenant: Richard Woods Pharmacy Ltd Excellent investment opportunity with strong covenant in place representing a gross yield of c. 8.2%. Please note that the tenant is not affected by this sale and this property is being sold with tenant in situ on a new lease. Please contact Egan's for further information.
Features
Prime Retail Investment Opportunity New 15 year lease in place Finished to extremely high standard
BER Details
BER: B3
Date created: Jun 18, 2021