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Donegal shopping centre put on the block

The centre is for sale by private treaty from Joint selling agents Bannon and Bundoran-based Sean Meehan & Co. The property is being sold on the instructions of receiver Tom Kavanagh of Deloitte.

The shopping centre is located right in the town centre and features significant amounts of on-site parking. It includes an anchor store of 734.3 sq.m and twelve retail units over two levels comprising 649 sq.m. There are three well-proportioned office suites on the first floor.

The current rent roll is €37,580 with an immediate opportunity for potential purchasers to increase revenues through active lettings.

There are 12 retail units and an anchor store with a further 3 office suites on the first floor.

At present three of the retail units are occupied with the anchor store also under offer.

The three office suites are occupied two of which are held under a short term tenancy with the HSE.

The agents expect strong interest with the quoted price level at an attractive €650,000, given the centre’s proximity to the seaside resort of Bundoran, the commercial centre of Donegal Town and the adjoining County Fermanagh hinterland.

The anchor store was formally occupied by a Mace supermarket. The supermarket closed in May last year.

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Please contact Jennifer Mulholland of Bannon today for further information on 01 6477900

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