Unit 14 Investment Yield Of, C. 12 Bridge Centre

For sale by HWBC Ltd. via the iamsold Bidding Platform

Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.

HIGHLIGHTS

• Prominent retail unit for sale in The Bridge Centre Shopping Centre

• Retailers in the scheme include Dunnes Stores, Holland and Barrett, An Post, ESB and Euro General

LOCATION
The Bridge Centre is located on the western side of Bridge
Street at its junction with Distillery Lane. Bridge Street is
one of the main shopping streets in Tullamore. It is a busy
mixed-use street incorporating primarily retail, restaurants,
public houses, leisure and office use. The Bridge Centre is
located at the northern end of Bridge Street, opposite O’
Connor Square.

DESCRIPTION:

The Bridge Centre, which opened in 1995, is a successful regional shopping centre comprising over 68,000 sq. ft. of retail space including a 46,000 sq. ft. Dunnes Stores. It includes 24 ground floor retail units, first floor restaurant, a cinema and 350 surface level parking spaces.

Unit 14 is an irregular shaped unit comprising 56.6 sq.m. (609 sq. ft.). It is located close to the car park entrance.
Neighbouring occupiers include Dunnes Stores and Dolans Pharmacy.

TENANCY DETAILS:

UNIT :14
AREA sq.ft: 609
TENANT: Daze Technology LTD
LEASE START: 1/3/2019
LEASE END: 28/2/2029
TERM: 10 Years
ANNUAL RENT: €17,000

BER: C1

TITLE: 999 year lease

GUIDE:Offers in excess of €145,000 reflecting an initial yield of 10.66% after allowances for
standard purchasers costs of 9.96%

TO VIEW OR MAKE A BID Contact HWBC Ltd. or iamsold, www.iamsold.ie

Auctioneers Comments:
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.