Irish investor buys Navan shopping centre for €4.1m

The off-beat Beechmount shopping centre in Navan has been sold to an Irish investor for €4.1 million in a deal that will show an immediate income yield of 10 per cent.

The sale included a 3.9 acre development site which was originally the location of Beechmount ballroom and handball alley.

David Carroll of Bannon handled the sale of the complex which includes Birds SuperValu supermarket, eight retail units and two office suites which are producing a rental income of €420,000 per annum.