Retail Investment, Limerick Road, Tipperary Town, Co. Tipperary

Sale Type: For Sale by Public Auction, Auction Date & Time: Thu, Nov 27 at 10:30 AM, Auction Location: Online - bidx1.com/en/105304 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%.  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. 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.  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.  Ref: IE0011125000055