Commercial Investment Property For Sale by Private Treaty
(Tenants not Affected)
Opportunity to acquire an excellent investment property Trading as Lifestyle Sports. Held under a 35 year lease from 2001. Currently yielding €150,000 per annum.
A prime retail pitch located on the busiest portion of Wexford\\\'s North Main Street.
Held by Eforpe Wexford Limited, T/A Lifestyle Sports, on a 35year lease from October, 2001.with 18 years unexpired
Extensive commercial property laid out three storey over basement. Retail unit extends to c. 300 sq. m. / 3,229 sq.ft with ancillary, storage and staff facilities at basement and upper floors.
Adjoining occupiers include New Look, Pamela Scott, Gerards, DV8, Peter Mark, Sam McCauleys, Claires , etc.
LOCATION: Wexford is a thriving commercial and retail destination, providing one the strongest commercial hubs in the region.
There is an excellent mix of National, International and Indigenous retailers.
No. 20 North Main Street, Wexford occupies a prime trading position in Wexford town centre.
The subject property has good frontage onto the pedestrianised portion of Wexford\\\'s North Main Street, with high volumes of footfall.
DESCRIPTION: The subject property comprises a mid-terrace, three storey over basement building with retail unit at ground floor and excellent ancillary areas. This is an excellent bright modern retailing unit. It occupies a high profile prime position at Wexford Town Centre.
TENANCY: The entire building is held under a 35 year lease by from October, 2001. The property is producing €150,000 per annum. This equates to a net initial yield of 9.22%, assuming standard purchase costs at 8.46%.
LEGAL: Val Stone, Stone Solicitors, The Bull Ring, Wexford
VIEWING: Strictly by prior appointment with the sole selling agents only. Contact Kehoe & Assoc. at 053 9144393 to arrange an appointment
Strictly by prior appointment with the sole selling agents only.