Stradbally Shopping Centre for €3m
Complex includes nine retail units and 10 apartments producing rent roll of €284,579
Stradbally Shopping Centre in Co Laois, with nine retail units and 10 apartments, for sale for €3m
Lisney is seeking €3 million for Stradbally Shopping Centre in Co Laois, which will show a net return of 9.08 per cent.
The nine-year-old complex includes nine retail units and 10 apartments which are producing a rental income of €284,579.
The building also includes over 80 communal car-parking spaces. Five of the other apartments were previously sold off individually. The remaining buildings extend to 2,972sq m (31,991sq ft).
The combined income from the commercial lettings is €240,911.
One of the 10 apartments, extending to 139sq m (1,500sq ft) is in shell and core condition.
The residential income stands at €43,886, equating to an average of €5,460 per apartment.
Christopher Belton of Lisney said the investment was likely to appeal to private investors seeking a high yielding but stable level of return. Investors would take comfort from the fact that most of the rents had been adjusted in recent years to market levels.