Retail Investment, Limerick Road, Tipperary Town, Co. Tipperary
- Ireland
- Retail
- Commercial
Guide Price €1,250,000
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Property Summary
- A retail investment.
- Comprising double height, single storey detached retail warehouse.
- Extending to approximately 913 sqm (9,827 sq ft).
- Comprised within Folio TY46474F.
- Situated on a total site area of 0.97 ha (2.39 acres).
- Vacant possession of rear site.
- Extending to approximately 0.40 ha (1 acre).
- 120 surface car parking spaces.
- Let to Poundland Ltd t/a Dealz.
- Lease expiry 2031.
- Total current rent reserved €170,000 per annum.
- NIY 12.36%.
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Property description
The property is arranged over ground floor only to provide a substantial, detached retail warehouse unit. Internally, the property comprises ground floor double height retail warehouse accommodation and large open trading floor. The property benefits from approximately 120 surface car parking spaces to the front and a 1 acre site to the rear contained within Folio TY46474F. The site to the rear comes with vacant possession and offers future development subject to the relevant planning permissions.
Total floor area extending to approximately 913 sq m (9,827 sq ft)
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.
Location
The subject property is conveniently located, approximately 1km outside of Tipperary town on the N4 Limerick Road at the Bohercrow roundabout. Other notable occupiers within the vicinity include Dunnes Stores, Circle K, Mr. Price, Lidl, and Tesco Superstore along with a number of independent retailers.
Tipperary Town is located along the N74 and N24 national roads, with
- Limerick approx. 39km north west,
- Cork 76 km south west
- Waterford approx. 76 km to the south east.
Tipperary Town is easily accessible via the national road network, as well as by bus via the Tipperary Town Bus station and Tipperary Town Train Station.
Tenancy
The subject property is at present let to Poundland Ltd t/a Dealz on a 10 year lease from October 2021 at a contracted rent of €170,000 per annum. The lease provides for 5 yearly open market rent reviews. The site to the rear comes with vacant possession.
Please refer to the legal documents for additional information.
VAT
BER Rating
BER Identification Number
801047028
Energy Performance Indicator
405.59 kWh/m²/yr 1.11
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*Terms & Conditions
No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor. BidX1 is a trading name of BidX1 Ireland Limited. PSRA Registration Number 001652.
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