| Floor | Use | Size (Sq.m) | Size (Sq.Ft) |
| Ground | Retail | 2,165 | 23,310 |
| First | Office | 603 | 6,500 |
| Second | Office | 372 | 4,000 |
| Total | 3,140 sq. m | 33,810 sq. ft |
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.
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Auction
Ormonde Centre, Gladstone Street, Clonmel, Co. Tipperary
-
Auction
- Lot 28
- Ireland
- Mixed Use
- Commercial
Sold for €2,103,000
Property Summary
- The Ormonde Centre is a modern retail development in the heart of Clonmel.
- The property comprises a part three storey, part single storey development offering both retail and office accommodation.
- Extending to approximately 3,140 sq. m (33,810 sq. ft) in total.
- Established access and significant dual glazed frontage onto both Gladstone Street and the town centre car park.
- Subject to 2 x tenancies.
- Cresslough Ltd t/a DV8 - 15 year lease from 2012
- Twenty Twenty Retail t/a 6th Sense - 15 year lease from 2011
- Total current rent €120,000 per annum (after T/O allocation).
- 80% of floor space is vacant, offering significant opportunity to enhance return.
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Property description
The property comprises a part three storey, part single storey development offering both retail and office occommodation in the heart of Clonmel Town Centre. The Ormonde Centre was completed in 2010 and is constructed to a high standard providing bespoke retail and office accommodation.
The accommodation comprises approximately 2,165 sq. m (23,310 sq. ft) of retail accommodation and 975 sq. m (10,500 sq. ft) of office accommodation. The development is part fully fitted and part shell and core, approximately 743 sq. m (8,000 sq. ft) of the vacant accommodation is fully fitted.
Access to surface car parking is located to the rear of the development which is one of the main Local Authority car parks.
Tenancy
Cresslough Ltd t/a DV8 - 15 year lease from 2012 - Rolling break option from end year 3 - Current rent €85,000 per annnum (10% T/O allocation).
Twenty Twenty Retail t/a 6th Sense - 15 year lease from 2011 - Rolling break option end year 5 & 10 - Current rent €35,000 per annum (10% T/O allocation).
VAT
Please refer to Legal Documents
BER Rating
C2 - C3
BER Identification Number
Available upon request
Energy Performance Indicator
370.38 kWh/m²/yr - 578.61 kWh/m²/yr
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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.
