RETAIL INVESTMENT - TENANT NOT AFFECTED
This excellent retail investment with additional potential is located at Chapel Lane in the retail heart of Ennis at the junction of the Lane and Market Street.
The property comprises a modern, two storey retail premises. The ground floor is let to Boyle Sports and the first floor is currently vacant and available for letting to enhance the rental income receivable:
Ground floor: 102.7 sq.m. (1,106 sq.ft.) currently let to Boyle Sports on a lease for 25 years from 4th January 2005, subject to a deed of variation. The passing rent is €25,000 per annum. Chapel Lane is pedestrian and the premises is located immediately off Market Street. In terms of its current use, the premises is located immediately beside three public houses.
First floor: 47.2 sq.m. (508 sq.ft.) currently vacant. This unit has a separate ground floor entrance hall and stairway and is suitable for letting for storage, retail or office use or for conversion to residential use, subject to planning. As a two bedroomed, town centre apartment, it has the potential to generate additional rental income in the region of €7,200 per annum.
BER No. 800520488
BER EPI 442.42
BER No: 800520488
Performance Indicator: 442.42
Leaving Oâ€™Connell Square on foot, walk down Oâ€™Connell Street and turn right into Market Street (at Boots). Continue on for 75 metres until the street widens, and turn right. You are now facing Chapel Lane. The property is on the right, beside Kellyâ€™s Bar.
Strictly by appointment with Sherry FitzGeral ...