This High Yielding European Investment Property is located in the south-east of Ireland on the outskirts of one of the south-east’s busiest towns about 3km from the town centre.
The property is in close proximity to tenants such as Aldi, Halfords, DID Electric and several other international and national outlets.
The unit comprises three warehouse units currently leased to HomeStore and More providing retail accommodation to the front with storage and office accommodation to the side and rear. The mezzanine level located in Unit 2 extends to 177.67 sq. m. was erected by the tenant and is used for storage.
There is ample free parking to the front of the property with over 50 spaces. The ground floor covers a substantial 2078 sq. m. with a mezzanine of 177 sq. m.
The property is let from 2012 until 2027 at €140,000 per annum rental. The asking price for the property is €850,000 giving a net initial yield of 15.77% allowing for 4.46% purchaser’s costs.