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Johnston Court Shopping Centre O'Connell Street Sligo

€5,700,000 For Sale

- High yielding retail investment opportunity
- Prime retail pitch in the heart of Sligo town centre
- Established modern covered shopping mall
- Strong tenant line-up including Boots, Elvery’s, Costa Coffee and Holland & Barrett
- 95% of passing income is secured to national and international occupiers
- Total net operating income of €669,984 per annum with reversionary potential
- WAULT of c.8.78 years to expiry and c.4.86 years to break
- Immediate asset management opportunities to increase income return
- 999 year leasehold title
- Shared ownership – Selling 22 of the schemes units, extending to approximately 6,149.6 sq m (66,192 sq ft)
- Offers sought in excess of €5.7 million, reflecting a net initial yield of 10.69%, assuming standard purchasers costs of 9.96%

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