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Landmark Ennis building on offer for €2.25 million

carraig donn ennis 1A flagship building situated in the centre of Ennis is for sale with an asking price of €2.25 million.

Current tenants Carraig Donn will not be affected by the sale as their lease runs until 2026 and they plan to open an additional three stores in 2016.

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The building extends to 995 sq.m. (10,710 sq.ft.) gross internal floor area with a net internal area of 789 sq.m. (8,493 sq.ft.) occupying a former Bank of Ireland branch with a substantial architect-designed, contemporary extension. The property is located on O’Connell Square and is beside leading national retailers including Easons, Kilkenny Design, Eurogiant, Life Style Sports, Fujifilm, Three, Paddy Power, Shoe-Rack and Hidden Hearing, and strong local retailers.

Selling agents, Sherry Fitzgerald McMahon are expecting a lot of interest in the retail investment. A spokesperson for the property advisory form told The Clare Herald of the “superb opportunity” associated with the building.

“With a current annual rental income of €155,000, the sale of this property offers superb opportunity of acquiring a prime, easily managed, retail investment at a time when returns from cash and other investment vehicles are at an all-time low”.

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