PRIME RETAIL INVESTMENT IN A PRIME SHOPPING CENTRE - FOR SALE BY PRIVATE TREATY
O'Donnellan & Joyce are delighted to offer a prime retail portfolio in an established Shopping Centre in Ballina Town centre.
The subject properties comprise of 4 self-contained retail units situated within a multi-unit shopping centre in Ballina town which is anchored by Dunnes Stores. The shopping centre comprises of 12 retail units which are occupied by a variety of tenants including Dunnes Stores, O’Heirs Bakery, Timpsons, newsagents and a cafe / restaurant. Producing a gross yield of 11.94% with vacant possession of 1 unit.
Unit 4 Vacant
Unit 7 McLaughlin Pharmacy €26,500 20 year FRI 01/09/2001 – 31/08/2021
Unit 9 Wine Street Bakeries Ltd €25,000 35 years FRI 01/09/1987 – 31/08/2022
Unit 12 Timpson Ltd €11,800 35 years FRI 01/11/1987 – 31/10/2022
Ballina Shopping Centre is located on the junction of Humbert Street and Pearse Street on the N59 and within 500m of Ballina town centre. All amenities and transport links are within walking distance of the shopping centre.
Ballina Shopping Centre would be regarded as one of the more popular shopping destinations within Ballina due to its proximity to the town centre and ample public available adjacent to the shopping centre.
Further information available from Shane McDonagh of O'Donnellan & Joyce.
Prime Investment Opportunity
Contracted rental income of €63,300 with vacant possession of 1 unit.
Producing a gross yield of 11.94% with vacant possession of 1 unit.
Ample Car Parking and dual pedestrian access to the centre
BER: C1 BER No.10016757889
No.4 Vacant 336sq.ft
No.7 (McLaughlin Pharmacy) Retail (Pharmacy) 691sq.ft
No. 9 (T/A O’Heirs Bakery)Retail (Bakery / Café) 661sq.ft
No. 12 (Timpsons Ltd) Retail (Shoe repair / locksmith) 331sq.ft
For Further details please contact our office on 091-564212
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NOTE: These particulars are not to be considered a formal offer. They are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract, nor to be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, neither O'Donnellan & Joyce Auctioneers nor the vendor accept any liability as to their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars. No person in the employment of O'Donnellan & Joyce Auctioneers has any authority to make or give any representation or warranty whatever in relation to this property.