71 O’Connell Street, Ennis, Co. Clare


Type
Other

Status
For Sale

Price
585,000

BER

Area
436 sq.m.

Location
Ennis

Description

HIGH PROFILE PRIME RETAIL LOCATION ** INVESTMENT/DEVELOPMENT OPPORTUNITY ** 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. Description 71 O’Connell Street comprises a corner mainly 3 storey building. It has a street frontage to O’Connell Street of 16m and a return frontage of 28m to Westby’s Lane. Internally, it is laid out to provide to the ground floor”retail units with a mixture of offices and residential units overhead. The property offers enormous scope for refurbishment of existing units or complete redevelopment. Accommodation The following is the accommodation and approximate internal floor areas: Sq mtrs Sq ft Ground Floor Retail Unit No. 1 87.70 944 Retail Unit No. 2 (incl store) 48.20 519 Office Suite (2 rooms) 36.60 394 First Floor 2 Bedroom Apartment 69.30 746 Office Suite (3 rooms with canteen & toilet 75.47 812 Second Floor 1 Bedroom Apartment 27.25 293 1 Bedroom Apartment 31.10 334 1 Bedsit (with separate kitchen) 26.60 286 Office Suite (2 rooms) 33.43 360 Planning Permission Full Planning Permission (09-21097) was granted on 12/01/11 for redevelopment of the property an extension was granted (P15-261) extending the period to 11/01/2021. The proposed development, which incorporated a further small rear building , provided for ground floor retail of 428.50 sq mtrs (4,611 sq ft) within the current building with two floors of residential units overhead and a basement car park. Tenancy Schedule Unit Tenant Tenancy Rent Retail Unit No. 1 Hair Salon Ending 02/08/18 25,000 Retail Unit No. 2 Vacant N/A N/A Residential Unit No. 1 Individual 12 monthly 6,384 Office No. 2 Vacant N/A N/A Residential Unit No. 2 Individual 12 monthly 3,600 Residential Unit No. 3 Individual 12 monthly 4,200 Residential Unit No. 4 Individual 12 monthly 3,600 Office No. 3 Vacant N/A N/A Total Current Income 42,784 Key Features * Leading retail location * High profile position * Incredible scope to increase existing rent roll through property management * Enormous redevelopment potential to provide large retail outlet, with significant demand for same in the market. * Overall potential to provide a multi let prime high yielding investment Title Freehold Viewing Strictly by appointment with sole selling agents Asking Price 585,000 (plus Vat, if applicable)

Location

Related Properties

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text.
0