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Retail & Leisure

14 -16 Gladstone Street Clonmel Co. Tipperary

POA For Sale 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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