Retail investment opportunity awaits in Carraig Donn building in Ennis
Prime property with €2.25m guide price has current annual rent of €155,000
Former Bank of Ireland branch in Ennis is guiding €2.25 million
The flagship Ennis store in the Carraig Donn Group is to be sold as a retail investment with the existing lease running until 2026.
Sherry FitzGerald McMahon is guiding €2.25 million for the four-storey over-basement building, with a gross internal area of 995sq m, once used as a Bank of Ireland branch. It has a number of architectural features and a contemporary extension. Carraig Donn has 38 stores in the Republic and a strong online presence, with plans to open three more outlets this year.
With a current annual rent of €155,000, the Ennis property offers a superb opportunity to acquire a prime retail investment at a time when returns from other investment vehicles are at an all-time low. Ennis has a population, including environs, of about 30,000.