Units for sale, N4 Axis Centre, Longford


N4 Axis Centre - Longford

For Sale on the instruction of Declan McDonald & Ken Tyrrell, Joint Receivers, PwC.
(Tenants not affected)

Subject to contract/contract denied /without prejudice

INVESTMENT HIGHLIGHTS

  • Units in the N4 Axis Centre, Longford
  • Modern retail park with strong tenant profile and asset mgt opportunities extending to approx. 6,791 sq.m (73,098 sq.ft)
  • Current rent of €637k increasing to €652k upon completion of deals in legals
  • 70% of the income from Homestore + More, Argos, Maxi Zoo and Halfords. Other tenants include, St Christphers Service CLG, Eurogiant, Paul Byron Shoes and Vincent Maguire Hair & Beauty Supplies.
  • Other occupiers not part of sale, Mc Donalds, Fresh Today, Homesavers, Longford Furniture World, Pizza Hut, Esquires Coffee Co, Gym and office users
  • WAULT 5.35 years to expiry, 4.06 years to break (as of 01 June, 2022)
  • Vacant former garden centre extending to approx. 10,500 sq.ft
  • Quoting €6.75 million which equates to a NIY of 8.6% increasing to 8.8% upon completion of deals in legals.
  • Capital Value per sq. ft of €92.00
  • Link to Brochure  or promotional video

For more information please contact:

Russell Cleere
M: + 353 (0) 87 721 7895
T: + 353 1 611 0320
E: russell@twmproperty.ie