Search Property
Search Commercial Property
Try an advanced search?

Rochfortbridge Village Centre, Rochfortbridge, Co. Westmeath

Price on Application Sold 1,466 sqm approx

Description

Excellent investment opportunity located in Rochfortbridge, Co. Westmeath. The Rochfortbridge Village Centre is anchored by Eurospar and comprises 5 ground floor retail units, créche, a public house and 8 apartments. Eurospar extends to approximately 1,002 sq m (10,785 sq ft) with other occupiers including McTiernans Pharmacy, Bridge Bookmakers and Bagnalls Pub. The development is set over three blocks with the public house and the pharmacy with one apartment located in two separate blocks opposite the main Village Centre. There are 8 apartments located on the first floors of two of the blocks comprising one 3 bed apartment, five 2 bed apartments and two 1 bed apartments. These are accessed through separate accesses at the front of the development. There are over 50 car spaces to the front and rear of the development. The current rent receivable is €142,048 per annum with three retail units and six apartments vacant. The Eurospar lease is guaranteed for its duration by BWG Group. This investment opportunity represents an attractive price with extensive asset management opportunities and opportunity to increase the current rent receivable through the letting of the vacant units. The development is also capable of being split and disposed of in separate parts by a purchaser. We are seeking offers in excess of €1,500,000 equating to a Net Initial Yield of 9.07%, assuming standard purchasers costs of 4.46%.

BER Information

  • Rating: BER C1F
  • Certificates are available from the agent.

Similar Properties

27 Pearse Street, Athlone, Co. Westmeath

€275,000 - Asking Price|185 sqm approx

Tenants not Affected - 27 Pearse Street is a modern retail / office building which was constructed in 2007 as part of the Bastion Court development. The property is divided into three separate units with a seperate retail unit and office on the ground floor and a second office unit at first floor level. Currently the office on the ground floor is tenanted. This is an ideal investment property or also suitable for someone looking for a place to locate their own business too while also having an income stream from the remainder of the property. Secure carparking included.

BER C2 Rating