Opportunity to acquire a high yielding investment opportunity.
High profile location in Ennis town centre.
Mixed use scheme consisting of 7 no. screen cinema, 3 no. retail units, a casino, a former bar and 9 no. penthouse apartments.
Asset management opportunity.
Current gross rental income of €304,440 pa
Tenants not affected.
Ennis is located in the mid west region of Ireland and is the county town of County Clare. Situated on the River Fergus just north of where it enters the Shannon Estuary, Ennis lies north west of Limerick and south of Galway. The town is also 19 kms from Shannon Airport.
The subject property is located on a high profile corner site fronting both Cabeys Lane and Parnell Street one of Ennis's main shopping thoroughfares.
The cinema is accessed via a lobby area on the ground floor of Parnell Street which provides access to the main cinema and reception area on the first floor. The cinema consists of seven screens, ticket counter, a shop and toilet facilities.
Retail Unit 1
Retail Unit 1 is occupied by Breda's Boutique and consists of a ground floor retail unit with pedestrian access to Parnell Street. The unit is mainly open plan with toilet accommodation to the rear.
The former bar premises is fully fitted and consists of a bar, toilet accommodation, store area and a kitchen.
There is a former casino to the rear which previously formed part of the bar. These two units could be amalgamated again however they are currently s ...