River Court, River Lane, Dundalk, Co. Louth

Price on Application
Retail Unit For Sale | 11,968 sq. feet (1,112 sq. metres)
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Overview

Property Description:

Investment Summary
A unique opportunity to acquire a multi let mixed use investment in Dundalk Co. Louth. 10 no. commercial units extending to approx. 10,028 sq ft. / 931 sq m (excluding common areas). 75% occupied generating a rental income of €110,400 with significant asset management potential. Tenants include Mizu Hair & Beauty, Ophelia, Terry Kelly Paints and Emma Mc Atasney Fitness Studio.

Location
The property is conveniently located on River Lane at the junction onto Rampart Road and is to the rear of Park Street in the centre of Dundalk Town. The Marshes Shopping Centre is conveniently located 350 metres south of the property.

Description
River Lane comprises a modern two storey commercial corner building extending to c. 1,112 sq m / 11,973 sq ft. Retail accommodation is laid out on the ground floor with offices at first floor level. The property benefits from excellent public car parking facilities to the front of the development. The retail units offer good sized trading units with excellent occupancy history since its development in 1997.


Investment Considerations:
Superb opportunity to acquire a commercial parade comprising an interesting mix of 4 shop units with overhead offices.
Currently producing €110,400 per annum
Excellent frontage to busy main vehicular thoroughfare with excellent customer parking.
High level of passing trade and footfall

Zoning
The Property is located within the Dundalk and Environs Development Plan 2009 -2015. The property is located in an area zoned Objective Town Centre Retail which is defined as " To protect and enhance the vitality and viability of the Town Centre" .

TENURE
We understand the property is held freehold subject to the tenancies above.

Price
Price on application

BER Information
BER Rating: B2 - C1
Full BER details available upon request

Viewings / Further Information- Please contact Brian Carroll or Yvonne Flaherty

Daft Property Shortcode:

http://www.daft.ie/5421616

Date Entered/Renewed:

6/11/2017 (42 days ago)

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Address:

River Court, River Lane, Dundalk, Co. Louth

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