HomeIrelandWexfordWexford Town
+7

Commercial Investment at Walkers Mall, North Main Street, Wexford Town, Wexford

Sold Energy Rating Y35XW29 500 m2
Save
Print
Share

Commercial Investment at Walkers Mall, North Main Street, Wexford Town, Wexford

Sold

Main image for printing
Beds
Price Sold
Property Type Investment Property
Size 500 meters2
Energy Rating BER-C1
Refreshed on
Eircode Y35XW29

Description

FOR SALE BY ONLINE AUCTION AT 12 NOON ON THURSDAY 30th June, 2022. Disclosed Reserve: €375,000. Bidders are required to register, please visit www.kehoeproperty.com The subject property known as ‘Walker’s Mall’ is situated on this busy high-profile junction between North Main Street & Charlotte Street, in Wexford town centre.  This mixed-use commercial property is well positioned, on a busy pedestrianised portion of North Main Street.  This is an important thoroughfare linking the Selskar / Redmond Square area of Wexford town to North Main Street / The Bull Ring.  Occupiers in this area include; ‘Frank’s Place’, Super Drug, Fat Face, Shaws, Ulster Bank, The Centenary Stores, etc.   Wexford is a thriving provincial town with a fine mix of international, national and indigenous retailers. The subject property comprises 5 retail units at ground floor level, together with 5 residential units on the upper floors.  Currently 4 of the retail units are occupied and the remainder of the building is vacant.  We understand the building is currently producing a rent of €53,360 per annum.  In our opinion there is potential to produce an additional c. €30,000 per annum.  Therefore when fully let this building will have an ERV in the region of €85,000 per annum.  Retail Unit No. 1: This extends to c. 18.67sq.m. / 201 sq.ft.  It is occupied by Michael Morrissey and trading as a barber shop.  It is currently producing €10,560 p.a.  The lease is for a term of 35 years from the 1st August, 2002.  The tenant is responsible for Local Authority Rates and the usual outgoings. Retail Unit No. 2: This unit extends to c. 47 sq.m. / 570 sq.ft.  This unit offers c. 30.8 sq.m. of retail space with store and w.c. to the rear.  The property is occupied by John Linden, t/a Rainbow Wholefoods.  We understand the property is held under a 5 year, expired.  It is currently producing a rent of €18,000 per annum.  The tenant is responsible for Local Authority Rates and usual outgoings. Retail Unit No. 3: This retail unit extends in total to c. 31.12 sq.m. / 335 sq.ft. with an additional c. 10 sq.m. store room and w.c. to the rear.  It is currently trading as Babooshka.  Lease expired.  It is currently producing €20,000 p.a. The tenant is responsible for Local Authority Rates and the usual outgoings. Retail Unit No. 4: This unit extends to c. 28.24 sq.m. / 304 sq.ft.  It is currently vacant.  Retail Unit No. 5: This unit extends to c. 22.29 sq.m. / 240 sq.ft.  It is currently occupied by Arena Sports Nutrition.  We understand it is currently producing a rent of €4,800 per annum.  The lease agreement has expired. The tenant is responsible for Local Authority Rates and the usual outgoings.  Please note there is a service entrance on the northern side of Unit No. 5 which leads to a lofted store, currently in disrepair.  We understand there is a right of way access through this service entrance for the adjoining ‘ La Cuisine Restaurant’. 5 Residential Units Residential Unit known as ‘The Townhouse’  First Floor Entrance Hallway 3.48m x 1.43m Sitting Room 5.00m x 3.10m Kitchen/Diner 3.42m x 2.23m Second Floor Landing 3.48m x 1.43m Bedroom 1 5.40m x 3.32m Shower Room 2.43m x 2.43m In addition there are two no. 2 bed flats and two no. 1 bed flats at first floor level Total Floor Area:  The total floor area of the subject building is approximately 500 sq.m. / 5,381 sq.ft. VIEWING:  Strictly by prior appointment with the sole selling agents only. LEGAL:  Alan Mooney, Ensor O’Connor, solicitors, Westgate, Wexford.  To download contracts for sale, visit kehoeproperty.com Currently producing €53,360 per annum with huge potential for additional rent roll.

BER Details

BER: C1 BER No.800833436 Energy Performance Indicator:351.17 kWh/m²/yr

Description

FOR SALE BY ONLINE AUCTION AT 12 NOON ON THURSDAY 30th June, 2022. Disclosed Reserve: €375,000. Bidders are required to register, please visit www.kehoeproperty.com The subject property known as ‘Walker’s Mall’ is situated on this busy high-profile junction between North Main Street & Charlotte Street, in Wexford town centre.  This mixed-use commercial property is well positioned, on a busy pedestrianised portion of North Main Street.  This is an important thoroughfare linking the Selskar / Redmond Square area of Wexford town to North Main Street / The Bull Ring.  Occupiers in this area include; ‘Frank’s Place’, Super Drug, Fat Face, Shaws, Ulster Bank, The Centenary Stores, etc.   Wexford is a thriving provincial town with a fine mix of international, national and indigenous retailers. The subject property comprises 5 retail units at ground floor level, together with 5 residential units on the upper floors.  Currently 4 of the retail units are occupied and the remainder of the building is vacant.  We understand the building is currently producing a rent of €53,360 per annum.  In our opinion there is potential to produce an additional c. €30,000 per annum.  Therefore when fully let this building will have an ERV in the region of €85,000 per annum.  Retail Unit No. 1: This extends to c. 18.67sq.m. / 201 sq.ft.  It is occupied by Michael Morrissey and trading as a barber shop.  It is currently producing €10,560 p.a.  The lease is for a term of 35 years from the 1st August, 2002.  The tenant is responsible for Local Authority Rates and the usual outgoings. Retail Unit No. 2: This unit extends to c. 47 sq.m. / 570 sq.ft.  This unit offers c. 30.8 sq.m. of retail space with store and w.c. to the rear.  The property is occupied by John Linden, t/a Rainbow Wholefoods.  We understand the property is held under a 5 year, expired.  It is currently producing a rent of €18,000 per annum.  The tenant is responsible for Local Authority Rates and usual outgoings. Retail Unit No. 3: This retail unit extends in total to c. 31.12 sq.m. / 335 sq.ft. with an additional c. 10 sq.m. store room and w.c. to the rear.  It is currently trading as Babooshka.  Lease expired.  It is currently producing €20,000 p.a. The tenant is responsible for Local Authority Rates and the usual outgoings. Retail Unit No. 4: This unit extends to c. 28.24 sq.m. / 304 sq.ft.  It is currently vacant.  Retail Unit No. 5: This unit extends to c. 22.29 sq.m. / 240 sq.ft.  It is currently occupied by Arena Sports Nutrition.  We understand it is currently producing a rent of €4,800 per annum.  The lease agreement has expired. The tenant is responsible for Local Authority Rates and the usual outgoings.  Please note there is a service entrance on the northern side of Unit No. 5 which leads to a lofted store, currently in disrepair.  We understand there is a right of way access through this service entrance for the adjoining ‘ La Cuisine Restaurant’. 5 Residential Units Residential Unit known as ‘The Townhouse’  First Floor Entrance Hallway 3.48m x 1.43m Sitting Room 5.00m x 3.10m Kitchen/Diner 3.42m x 2.23m Second Floor Landing 3.48m x 1.43m Bedroom 1 5.40m x 3.32m Shower Room 2.43m x 2.43m In addition there are two no. 2 bed flats and two no. 1 bed flats at first floor level Total Floor Area:  The total floor area of the subject building is approximately 500 sq.m. / 5,381 sq.ft. VIEWING:  Strictly by prior appointment with the sole selling agents only. LEGAL:  Alan Mooney, Ensor O’Connor, solicitors, Westgate, Wexford.  To download contracts for sale, visit kehoeproperty.com Currently producing €53,360 per annum with huge potential for additional rent roll.

BER Details

BER: C1 BER No.800833436 Energy Performance Indicator:351.17 kWh/m²/yr
Show more...
Map
Satellite ViewStreet ViewCommute Times
MapTiler logo
© MapTiler © OpenStreetMap contributors
Property Services
Find Property Conveyancing Solicitors, BER Assessors, Pre-Purchase Surveyors and Land Registry Surveyors competing for your business.
Mortgage calculator
Calculate the mortgage required for this property
Property Price Register in Wexford Town
18 Selskar Street & Trimmers Lane, Wexford, Co. Wexford
SOLD FOR: €140,000
6th Feb 24
Unit 7C Redmond Square, Wexford, Co. Wexford
SOLD FOR: €18,000
28th Feb 23
Redmond Square, County Wexford, Wexford, Co. Wexford
SOLD FOR: €385,100
12th Sep 22
55 South Main Street, Co. Wexford, Wexford
SOLD FOR: €18,700
22nd Jun 22
No. 83, North Main Street, Wexford, Co. Wexford
SOLD FOR: €5,000
24th Feb 22
Dragon Heen, Redmond Square, Wexford, Co. Wexford
SOLD FOR: €34,000
6th Jan 22
Wexford United Pigeon Club, Mannix Place, Wexford, Co. Wexford
SOLD FOR: €1
4th Jan 22
17 South Main Street, Wexford, Co. Wexford, Y35C90H
SOLD FOR: €40,000
17th Dec 21
114 South Main Street, Wexford, Co. Wexford
SOLD FOR: €27,000
6th Jan 21
Iberius House, Common Quay street, Wexford, Co. Wexford
SOLD FOR: €15,000
4th Jan 21
View All Price Changes
Property Price Register
Kehoe & Associates
Kehoe & Associates
Tel: 053 9...
PSRA Licence No. 002141

Date created: May 27, 2022

Kehoe & Associates
Kehoe & Associates
PSRA Licence No. 002141
Call Agent: 053 9...