Units 1-8 Silverbridge Shopping Centre, Claremorris, Co. Mayo, F12 X4K0
Strong performing, service led, regional shopping centre
Comprising of 8 retail units
Current passing rental income €216,100 p.a.*
NIY of 11.6%* (Once legacy leases are re-geared)
WAULT of 10.5 years
Highly accessible surface car parking with approx. 385 spaces
Tenants not affected
* Please see details in the Tenancy section below
Registered Surveyor, here to help.
Registered Surveyor, here to help.
About This Property
Silverbridge Shopping Centre is a modern, purpose built shopping centre comprising of a large anchor grocery store and 8 mall fronting retail units. The grocery store, Tesco, occupies their own unit and does not form part of this sale.
The centre generates footfall from the immediate Claremorris area and due to the strength of the Tesco Superstore offering the catchment extends to the greater Mayo, Roscommon and Galway border areas.
All units are situated on the Ground Floor and range in size between 365 sq ft and 2,311 sq. ft. These front onto a double height, covered mall which is naturally lit through the glazed mall roof.
Silverbridge Shopping Centre is a service led retail centre, offering a range of retail uses including Pharmacy, Café, Newsagent, Health Store, Hair and Beauty, Butchers and Jewellers.
A management company is in place who is responsible for the management and upkeep of the common areas, therefore the centre has been well maintained and kept in very good condition.
The common areas and car park do not form part of the sale.
Silverbridge Shopping Centre is located in Claremorris, a town situated in the south of Co Mayo, with a population of approx. 3,687 people according to the 2016 Census.
Claremorris is located along the M7, with
Castlebar approx. 26 km to the west,
Tuam 28 km south and
Roscommon town approx. 50 km to the east.
Claremorris is easily accessible via the national motorway and road network as well as by train via the Dublin - Westport rail service.
Silverbridge Shopping Centre is situated at the northern end of Claremorris town centre with convenient access directly off the N60.
Retailers present within the town include Aldi, SuperValu and a number of independent retailers.
* There are 6 tenancies in place, a number of which are currently in negotiation to re-gear the legacy leases, as outlined in the table below. The rents detailed below reflect the anticipated re-geared lease rent. Details are included in the legal pack.
Size Sq. Ft.
Lease End / Break Option
Lease Re-geare ongoing
Current Rent psf
Current Annual Rent
TPOS Healthcare Limited
Honeybee Health Food Store
David Martin Hairdressing
Jack Dylan Jewellers
The Food Store
** Previously Carphone Warehouse who have surrendered their lease as of 31st May 2021; two alternative occupiers have expressed interest.
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