RESERVE RANGE
310,000 - 330,000 For Sale by Public Auction on 24/11/2016 08:00 at an online auction. Please refer to the legal documents.
Location Clonmel is the largest town in South Tipperary with a population of approximately 17,000 people (as of the 2011 Census).
The town is situated mid way between Waterford and Limerick, with Cork some 93km to the south.
The M8 motorway is situated approximately 17km to the west of the town, and provides access to both Dublin and Cork.
The property occupies a prime retailing pitch within the town, situated on the northern side of O'Connell Street close to the junction with Bridge Street, and Mary Street.
Surrounding occupiers include AIB, Euro Giant, Heaton's, and Penny's.

Description
The property is arranged over ground and three upper floors to provide a mid terrace high street retail building. Internally the property provides ground floor retail and dispensary accommodation at ground floor level with ancillary accommodation overhead. The property further benefits from rear access on to St. Mary's Car Park.


Tenant Information
www.mulliganschemist.com

Tenancy
The entire property is at present let to Mulligan's Pharmacy for a term of 25 years from 12.09.2003 at an initial contractual rent of 73,500 per annum, exclusive of rates and VAT. The lease provides for rent reviews every fifth year and contains full repairing and insuring covenants. We are informed by the Vendor current rent is formally abated to 35,000 per annum.

Accommodation
FloorAccommodationSize (sq. m)Size (sq. ft)GroundRetail145.69 sq. m(1,568 sq. ft)FirstOffices, staff canteen and stock room63.11 sq. m(679 sq. ft)SecondStores49.07 sq. m(528 sq. ft)257.87 sq. m(2,775 sq. ft)
NB: Floor areas provided by the Vendor.