71 O’Connell Street, Ennis, Co. Clare


Price
€600,000

Type
Other

Status
For Auction

BER
BER
E1

Area
1,148 sq.m.

Location
Ennis

Description

FOR SALE BY PUBLIC AUCTION (Unless Previously Sold)

On Friday 14th December at 3.00 p.m.

HIGH PROFILE PRIME RETAIL LOCATION

** EXCEPTIONAL INVESTMENT/DEVELOPMENT OPPORTUNITY **

SUPERB LOCATION IN THE HEART OF ENNIS TOWN CENTRE

LOCATION

71 O’Connell Street occupies one of the most prominent trading positions within Ennis Town Centre.

It is located at O’Connell Street’s junction with Station Road and opposite both St. Peter and Paul Pro Cathedral and The Old Ground Hotel.

This prime location is further exemplified by the quality of trading concerns within close proximity including Nozomi, Collins Jewellers, Pat McCarthy Shoes, Irish Permanent TSB, Seoidin, Dunnes Stores, Boots etc.

Seldom does a property in this location becomes available.

THE OPPORTUNITY

Lot 1: 71, O’Connell Street, Ennis is an iconic three storey building with a small yard to rear. Prior to recent vacancies the rent roll was 53,000., per annum, this with part of the building unused, needing refurbishment.

BER: E1 BER No: 800588667

Guide price of 450,000.

Lot 2: Stone fronted shop 340 sq. ft.) plus yard (2,970 sq. ft.) and store (300 sq. ft.). Current Rental income 13,800 per annum

BER G BER NO. 800588683

Guide price of 150,000.

LOT 2

Lot 2, a stone fronted shop plus yard and store has a frontage onto Barrack Square of 17 metres.

PLANNING PERMISSION

Full Planning Permission was granted for the redevelopment of the entire, to provide retail and residential units P09-21097 & extended to 11/01/2021 under P15-261. The new development encompasses 7,161 sq. ft. of retail space and 5,193 sq. ft of residential.

Floor plans, maps etc. available on request

TENANCIES

The property offers partial vacant possession, with all remaining tenancies terminating by summer 2019.

TITLE

Freehold

SOLICITOR

Orpen Franks, Burlington Road, D4 (Attn: John O’Donovan)

VIEWING

Strictly by appointment with sole selling agents.

KEY FEATURES

* Leading retail location

* Already know as Ennis Caf Quarter, Barrack Street is due for a Streetscape Upgrade

* High profile position

* Incredible scope to increase existing rent roll through property management

* Enormous redevelopment potential to provide large retail outlet(s) over 7,000 sq. ft, with significant demand for same in the town.

* Overall potential to provide a multi let prime high yielding investment

THE ENTIRE

Lot A, equals Lot 1 & Lot 2. The Guide Price is 600,000

Location

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