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IrelandMayoBallinaRetail Portfolio at Ballin Shopping Cenrte, Ballina, Mayo

€530,000

Retail Portfolio at Ballin Shopping Cenrte, Ballina, Mayo

192m 2Energy RatingInvestment Property Refreshed on Mar 12, 2021
#12 of 13 Properties Viewed in Ballina
O'Donnellan & Joyce Auctioneers Ltd
O'Donnellan & Joyce Auctioneers Ltd
Tel: 091 564 212
PSRA Licence No. 001955
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Description

PRIME RETAIL INVESTMENT IN A PRIME SHOPPING CENTRE - FOR SALE BY PRIVATE TREATY O'Donnellan & Joyce are delighted to offer a prime retail portfolio in an established Shopping Centre in Ballina Town centre. The subject properties comprise of 4 self-contained retail units situated within a multi-unit shopping centre in Ballina town which is anchored by Dunnes Stores. The shopping centre comprises of 12 retail units which are occupied by a variety of tenants including Dunnes Stores, O’Heirs Bakery, Timpsons, newsagents and a cafe / restaurant. Producing a gross yield of 11.94% with vacant possession of 1 unit. ACCOMMODATION Unit 4 Vacant Unit 7 McLaughlin Pharmacy €26,500 20 year FRI 01/09/2001 – 31/08/2021 Unit 9 Wine Street Bakeries Ltd €25,000 35 years FRI 01/09/1987 – 31/08/2022 Unit 12 Timpson Ltd €11,800 35 years FRI 01/11/1987 – 31/10/2022 SITUATION Ballina Shopping Centre is located on the junction of Humbert Street and Pearse Street on the N59 and within 500m of Ballina town centre. All amenities and transport links are within walking distance of the shopping centre. Ballina Shopping Centre would be regarded as one of the more popular shopping destinations within Ballina due to its proximity to the town centre and ample public available adjacent to the shopping centre. Further information available from Shane McDonagh of O'Donnellan & Joyce.

Accommodation

No.4 Vacant 336sq.ft No.7 (McLaughlin Pharmacy) Retail (Pharmacy) 691sq.ft No. 9 (T/A O’Heirs Bakery)Retail (Bakery / Café) 661sq.ft No. 12 (Timpsons Ltd) Retail (Shoe repair / locksmith) 331sq.ft

Features

Prime Investment Opportunity Contracted rental income of €63,300 with vacant possession of 1 unit. Producing a gross yield of 11.94% with vacant possession of 1 unit. Ample Car Parking and dual pedestrian access to the centre

BER Details

BER: C1 BER No.10016757889

Viewing Details

For Further details please contact our office on 091-564212 OFFICE OPENING HOURS MON TO FRI 9AM TO 5:30PM SATURDAY 9am to 5pm (closed for lunch 1pm to 2pm) Keep up to-date with NEW PROPERTIES by registering your details on our database, please contact our office on 091-564212. Properties can be viewed on our website www.odonnjoyce.com NOTE: These particulars are not to be considered a formal offer. They are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract, nor to be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, neither O'Donnellan & Joyce Auctioneers nor the vendor accept any liability as to their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars. No person in the employment of O'Donnellan & Joyce Auctioneers has any authority to make or give any representation or warranty whatever in relation to this property.
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