Tesco Express and Blocks 1and 2 Market Yard, Main Street, Enfield

Asking Price: €1,675,000

Property Location

The subject units are located in a prominent position on the Main St in Enfield. Enfield is located approximately 41km from Dublin City Centre and approximately 17km from Maynooth. The town is located off Junction 9 on the M4 Dublin to Galway/Sligo motorway and is also serviced by bus and train. Situated on the bustling main st, the property benefits from high volumes of passing trade throughout the day. There is a mixture of high-density residential and commercial activity in the area with residential housing being complimented by an abundance of convenience retailing in the locality. According to the 2011 census, Enfield has a population of 2,929 people. Surrounding occupiers include Streetside Café, Suds, The Salon, Supervalu, Lee’s Enfield and The Hardware Express to name but a few.

Property Description

FOR SALE BY PRIVATE TREATY IN ONE OR MORE LOTS Lot 1 - Tesco Express, Enfield, Co. Meath • A modern supermarket investment • Located in a prominent position on Main Street, Enfield • Extending to approximately 379 sq.m. (4,079 sq.ft.) • Let to Tesco Ireland Limited t/a Tesco Express for a term of 25 years from 01.07.2012 • Wault 6.18 yrs • Tenant break options in years 2022 and 2032 • Passing rent €55,000 per annum • Net initial yield 7.8% Guide Price €675,000 Lot 2 – Blocks 1and2, Market Yard, Enfield, Co. Meath • A modern mixed use bank led investment • Extending to approximately 917 sq.m. (9,874 sq.ft.) in total • Multi-let to various tenants to include: Bank of Ireland, J and S Pringle Opticians, St. Vincent de Paul, Enfield Fitness and Martial Arts Academy and Rock City Diner • Wault 5.38 yrs • Vacant possession of two office units • Passing rent €99,000 per annum with significant reversionary potential • Net initial yield 9.5% Guide Price €1,000,000 Lot 3 – The Entire Total Passing Rent: €154,000 Guide Price €1,675,000 Net initial yield 8.8%

Property Size/Area

Total 1,296 Sq.m (13,953 Sq.ft)

Car Parking

Ample Car Parking available

Title

Freehold

VAT

VAT is applicable on the sale of these properties