For Sale by Public Auction (unless previously sold) On Thursday 13th July, 2017 at 3.00 pm
at our Auction Rooms, Commercial Quay, Wexford
(Tenants not Affected)
Exceptional Investment producing €60,000 per annum.
Held under 20 year lease with 12 years unexpired.
Extending to c. 260 sq. m. with retail area c. 99 sq. m.
A prime retail pitch located on the busiest portion of Wexford’s South Main Street.
Held by on a 20 year lease from November 2009.
Property extends in total to c. 260 sq. m. with retail unit extends to c. 99 sq.m
Storage, Staff area, office, wc’s and Canteen over 1st & 2nd floors.
Adjoining occupiers include National and International Retailers; Penneys, Heatons, Costa Coffee, Mountain Warehouse, Trespass, JD Sports, etc.
LOCATION:
Wexford is a thriving commercial and retail destination, providing one the strongest commercial hubs in the region.
No. 12 South Main Street, Wexford occupies a prime trading position in Wexford town centre.
The subject property has approximately 6 metres frontage onto the busiest pedestrianised portion of Wexford’s North Main Street, with excellent volumes of footfall.
Adjoining occupiers include; Carrig Donn, JD Sports, DV8, Carraig Donn, Sam McCauley’s, Claires, Peter Mark, etc.
TENANCY:
The entire is held under a 20 year lease from November, 2009.
The property is yielding €60,000 per annum. This equates to a net initial yield of 9.19%, assuming standard purchase costs at 4.46%.
TITLE:
Freehold
LEGAL:
Ensor O’Connor & Co., Solicitors, Westgate, Wexford
The subject property comprises a mid-terrace, three storey building with retail unit at ground floor and excellent ancillary areas over 1st & 2nd Floor. Accommodation is as follows:
Ground Floor: 99 sq.m.
First Floor: 81 sq.m.
Second Floor : 80 sq.m.
Total Floor Area: c. 260 sq.m. / 2,798 sq.ft.
For further details and to arrange a suitable viewing time contact Colum Murphy at the sole selling agents, Kehoe & Assoc. at 053 9144393