Units 1, 2 & 3 Hanover Square, Kennedy Avenue, Carlow Town, Co. Carlow

Units 1, 2 & 3 Hanover Square, Kennedy Avenue, Carlow Town, Co. Carlow - Click to view photos
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€1,750,000

Investment Property For Sale
19,666 sq. feet (1,827 sq. metres)

Rating:

Contact Name: Aishleen O'Toole

Selling Agent: Quinn Agnew

PSR Licence Number: 003454

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Property Description

Reversionary Investment Opportunity in Carlow Town currently producing 165,000 per annum.

DATA ROOM

www.kennedyavenuecarlow.com

LOCATION

With a population of approximately 25,000, Carlow is strategically located on the N80 which links with the M9 (Dublin to Waterford Motorway).

Carlow Institute (4th largest IT in Ireland) is in walking distance and has over 7,000 students.

DESCRIPTION

The property comprises 3 high profile retail units together with the rear carpark situated at Hanover Square, Kennedy Avenue opposite Carlow Shopping Centre. The old Penneys store is directly behind the subject property and is currently under refurbishment. The refurbished store is due to open next year and will substantially increase footfall in the locality.

LEASE DETAILS

Unit 1 is occupied by Corajio Unlimited t/a Mr. Price and extends to a Gross Internal Area of c.1,140 sq.m. It benefits from dual access from Kennedy Avenue and also the carpark at Hanover Square. It is held under lease for a term of 10 years, with break option at the end of year 5, from 1st October 2020 subject to a rent of 50,000 per annum.

Unit 2 is occupied by Kevin Kelly Chemists Limited. t/a Kevin Kelly Pharmacy and extends to a Gross Internal Area of c.272 sq.m. It benefits from a corner profile to Hanover Square and Kennedy Avenue. It is held under lease for a term of 25 years from 1st January 2006 and has outstanding rent review from 2019. The passing rent is 30,000 per annum.

Unit 3 is occupied by McDonalds Restaurants of Ireland Limited t/a McDonalds and extends to a Gross Internal Area of c.415 sq.m. It benefits from high profile to Kennedy Avenue. It is held under lease for a term of 35 years from 1st August 1999 and is subject to a rent of 85,000 per annum.

BER Details

BER No. 800767600

Energy Performance Indicator: 55.78 kWh/m2/yr

This property was last updated: 4 days ago


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To: Aishleen O'Toole in Quinn Agnew
Subject: Investment Property For Sale in Units 1, 2 & 3 Hanover Square,...
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Selling Agent

Quinn Agnew
Chartered Surveyors Property Consultants 20 Clanwilliam Square Grand Canal Quay Dublin 2 D02 CV05

Contact Name: Aishleen O'Toole

PSR Licence Number: 003454

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This Investment Property For Sale located at Units 1, 2 & 3 Hanover Square, Kennedy Avenue, Carlow Town, Co. Carlow is currently for sale. This property was last updated by Quinn Agnew 4 days ago. Units 1, 2 & 3 Hanover Square, Kennedy Avenue, Carlow Town, Co. Carlow is priced as: €1,750,000 and has 19,666 sq. feet (1,827 sq. metres). View all properties for sale in Carlow Town, Co. Carlow. View investment property for sale in Carlow Town, Co. Carlow.
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Units 1, 2 & 3 Hanover Square, Kennedy Avenue, Carlow Town, Co. Carlow