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Retail & Leisure

14 -16 Gladstone Street Clonmel Co. Tipperary

POA For Sale / To Let 2,908.79 sqm approx

Investment Property For Sale - 37,814 sq. feet (3,513 sq. metres) - -

Ormonde centre, Gladstone Street, Clonmel, Co. Tipperary "Prime Retail Investment Opportunity"

For Sale by Private Treaty (Tenants Not Affected)
BER - C3

Investment Considerations; - Modern Retail Development

The ormonde centre, Clonmel was redeveloped/completed in 2010 and is constructed to an extremely high standard providing bespoke retail space.

- Clonmel Catchment - Clonmel is the capital of the South Midlands region with an extensive catchment

- Clonmel draws from a catchment of over 105,000 persons.

- The property comprises a part three storey, part single storey development offering both retail and office accommodation in the heart of Clonmel Town Centre.

- Entire extends to 3,513 sq m (37,810 sq ft) - Accommodation

- Approximately 2,537 sq m (27,310 sq ft ) of retail accommodation and 975 sq m ( 10,500 sq ft ) of office space

- Current Income - €120,000 per annum from 20% of the development

- Asset Management - 80% of floor space is vacant, offering opportunity to enhance return, including fitting out and/or letting shell and core units

- Attractive Reversionary Yield

- ERV €445,000 - Reversionary yield is 20% on quoting price of €2.25 million

- Opportunity to acquire the development at below the current development cost

- Freehold Income Producing Asset

- Guide Price - €2.25 million (Ex VAT) - For Sale by Private Treaty ( Tenants Not Affected)

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