Unit 1/2 Nutgrove Shopping Centre

Unit 1/2 is situated in a prominent corner unit within Nutgrove Shopping Centre directly opposite the Circle K petrol station.
Internally, the first floor extends to approximately 351 sq. m (3,778 sq. ft) comprising of a fully fitted gymnastics studio.
To the rear of the unit there is an area sub divided by partitioned walls to provide a small office, storage space, male and female toilet facilities and a direct access point into the shopping center.

INVESTMENT HIGHLIGHTS

- The entire is let to Olympian Educational Services Limited T/A Olympian Gymnastics on a 10-year lease from 1st May 2024.

- Passing rent of €50,000 per annum.

- The lease expires on 31st April 2034 with a tenant only break option at the end of year 5.

- The property benefits from a Long Leasehold title under a 10,000-year lease from November 1997 at a nominal rent of €10 per annum.

We are seeking offers in excess of €550,000 reflecting a NIY of 8.27%