Unit 37, Market Cross Shopping Centre, Kilkenny,

Description

This property comprises of c.614 Sq. ft and is situated on the James Street level of the Market cross shopping Centre opposite the main entrance to Superquinn. Adjacent business include Happy Days, Vero Moda, Wallis, Zumo, Games Stop, L’occitane etc

The property was let in 1994 under a 35 year lease with five year rent reviews. This lease expires in April 2029.  This lease was assigned to the current occupants Maximo mens & ladies wear, who currently pay €35,000 pa. This rent is due for review in April 2009.  It is our opinion that the open market rent will be revised to in excess of €45,000 per annum in April 2009. 

This is an excellent opportunity to acquire a prime investment property, in an established and proven Shopping Centre, which is currently providing an excellent rental income and a rental increase due next year.  Seldom does such a clean investment proposition come for sale on the open market. 

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