Lot 2829, 6 Pearse Street, Nenagh

6 Pearse Street occupies a prominent high profile location on the main street in Nenagh town centre only meters from the Market Cross. Pearse Street is a busy pedestrian street and the area around the property boasts a broad range of businesses including DV8, Fone Connection, Elvery Sports, Slattery`s drapery and furniture, The Foodhall & Stock & Barrell.
The property comprises of a three storey mid terrace retail unit comprising of a modern health food store (Horan`s Healthstore) measuring 73.03 sq.m. (765 sq ft) on the gound floor and upstairs storage rooms which may have potential for residential accommodation (subject to planning permission over the shop). Grants may be available.
We understand that the retail unit is let for a term of 20 years from 2019 with an option of breaking the clause after five years. Rent review is in 2024.
The rent is initially for the first five years at €12,000 per annum with a rent review clause after five years.
The property would make an ideal investment particularly for someone looking to do a self-administered pension fund.

Nenagh is located in the geographical centre of North Tipperary and is the second largest town in Co Tipperary. The urban population of Nenagh is in excess of 8,679.
The M7 motorway bypasses the town to the South and provides high quality access to the cities of Limerick and Dublin. Nenagh Train Station sits on the main Limerick to Ballybrophy rail line.



Directions
The property is on the main street in Nenagh town centre

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.