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IrelandLouthDundalkWilliamsons Mall (Lot 1), Dundalk, Louth

Sale Agreed

Williamsons Mall (Lot 1), Dundalk, Louth

2882m 2Energy RatingInvestment Property Refreshed on Sep 25, 2019
#28 of 31 Properties Viewed in Dundalk
REA Gunne Property (Dundalk)
REA Gunne Property (Dundalk)
Tel: 042 933 5500
PSRA Licence No. 001307
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Description

REA Gunne & DNG Duffy bring to market arguably the most strategically located commercial portfolio in Dundalk directly linking the town centre and the highly acclaimed Marshes Shopping Centre, one of the few in the country to increase on footfall last year. Situated between the town Centre and the Marshes Shopping Centre, Williamson's Mall enjoys near full occupancy at all times and has been structured by the current owners to offer an astute purchaser the benefit of both an immediate income in excess of €350,000 per annum and due to lease restructuring, together with a live planning permission, this sale also offers immediate development or redevelopment opportunities. "Williamson's Mall" includes a large and secure private car park which is "fully wrapped" with multiple own door self-contained units, with direct access onto the rampart road and directly opposite the main entrance to the Marshes shopping centre. The entire portfolio also incorporates first & second floor accommodation along the main mall building which enjoys very extensive road frontage onto Francis Street and opposite Earl Street, which recently recorded the highest levels of footfall in the town. Williamsons Mall and associated properties (Lot 1) together with 23 Francis Street (Lot 2), are now ripe for further rental growth through clever asset management and/or complete redevelopment or phased refurbishments. Under the instructions of a private client, viewings of the overall are highly recommended in order to fully appreciate its true potential.

Features

• High profile retail space within Dundalk town centre • Located on Francis Street & Rampart Road, benefitting from high levels of through footfall which creates the primary linkage from the town centre to the Marches Shopping Centre • Immediate development opportunities (SPP) • Upgraded monitored carpark • Performing income excess of €350,000 pa.

BER Details

BER: C2 - G BER No.Certs on request

Viewing Details

By prior appointment only with joint selling agents REA Gunne Michael Gunne M:00353 86 3890009 E: m.gunne@reagunneproperty.ie DNG Duffy Keith Duffy M:00353 87 4185904 E: keith@dngduffy.ie

Tenure

Freehold

Dundalk

Dundalk, which is the Administrative capital of the North East and the principal Commercial centre of Co. Louth, is strategically located midpoint between the two capital cities on Ireland’s Eastern Economic Corridor. (ECC). With a growing population of approximately 42,350 persons according to the 2016 Census, Dundalk and its environs encompasses a population of over 110,000 within a 20 Km distance and is home to the highly acclaimed “Dundalk Institute of Technology” and the focus of renewed development through the M1 Corridor initiative. This strategic location is further enhanced by pivotal infrastructure including the M1 Motorway, an Easterm By Pass (N52), excellent rail services including the “Enterprise”, numerous Port access including deep port at Greenore and superb telecommunications which have made Dundalk a highly desirable location for numerous multi-national companies in International and financial services, Engineering and technology based sectors such as Xerox, PayPal, ABB, Prometric, National Pen, PetSafe, Activas, Warner Chilcott together with numerous home grown indigenous businesses such as Irish Life, Digiweb, Boylesports, Ovelle, Horseware, Intact, Multihog and the Great Northern Distillery, all of which contributes to the town’s local economy.

VAT

We are of the opinion that VAT is not applicable
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