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Retail Investment for Sale in Cavan Town

Bannon & Crotty Auctioneers are delighted to bring to the market the sale of Townsparks in Cavan Town. The investment is guiding €1,950,000 plus VAT which represents an initial yield of 15%. The building is located in the retail core of the Town and has direct access to the Town Centre Car Park. The property has a contracted rent of €292,876 per annum and is anchored by The Odeon Cinema which occupies 1,568 sq.m and accounts for 27% of the schemes total contracted rent. In addition to the Cinema the property has 4 individual retail units & bowling alley all which are occupied and leased at an annual rent of €213,645. Dealz the UK discount retailer account for 22.5% of the schemes income. Adjacent occupiers include Tesco, Dunnes Stores and Boots.

For further details contact Paul Fahey of Bannon on 01 6477900 or Crotty Auctioneers on 049 436 5020.