71 O’Connell Street, Ennis, Co. Clare
HIGH PROFILE PRIME RETAIL LOCATION
** INVESTMENT/DEVELOPMENT OPPORTUNITY **
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.
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.
The following is the accommodation and approximate internal floor areas:
Sq mtrs Sq ft
Retail Unit No. 1 87.70 944
Retail Unit No. 2 (incl store) 48.20 519
Office Suite (2 rooms) 36.60 394
2 Bedroom Apartment 69.30 746
Office Suite (3 rooms with canteen & toilet 75.47 812
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
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.
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
* 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
Strictly by appointment with sole selling agents
650,000 (plus Vat, if applicable)
Building Energy Rating
BER No. 800588667
EPI 751.65 kWh/m2/yr