Wholesalers steady return
Joint agents CBRE and Crotty Auctioneers are guiding €800,000 for a cash-and-carry investment at Century Business Park on the outskirts of Cavan town which would give new owners a return of 12 per cent. The modern premises extends to 1,845sq m (19,860sq ft) and is rented by BWG Foods who trade as Value Centre. The tenant pays a rent of €100,000 under a 25 year lease from 2008 with upwards only rent reviews. With a break available in 2023, there are 10 years of certainty with the current occupants.