Four-unit shopping centre in Co Limerick sold for €1.36m

Dooradoyle site, built in 2006 by local businessman, to show net initial return of 8.85%

A private investor has bought Rosedale Shopping Centre in Dooradoyle, Co Limerick, for €1.36 million in a deal that will show a net initial return of 8.85 per cent.

Colliers International and Power & Associates handled the sale of the split-level centre with four units extending to 850sq m (9,154sq ft). A Centra convenience store is the largest contributor to the €125,800 rent roll, paying an annual rent of €45,000. The other tenants are the Dooradoyle Pharmacy, Dooradoyle Medical Centre and Super Bites Take Away.

The centre was developed in 2006 by local businessman Shane Fitzgerald.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times