Unit 1, Tullow Road Shopping Centre, Tullow Road, Carlow, Co. Carlow

Prime Retail Investment - circa 9.6% Yield

A rare opportunity to acquire a modern, single-let retail unit in the high footfall Tullow Road Shopping Centre, Carlow.

Description:
Unit 1 Tullow Road Shopping Centre occupies an excellent Strategic location with frontage onto the busy Tullow Road/N80.

The subject property comprises a modern retail facility extending to c. 7,535 sq.ft. (c. 700m2), situated on shared site, part of Tullow Road Shopping Centre and neighbourhood facility including takeaway, carpet and furniture store, public house, betting shop, homeware store and barber .

The building is of traditional construction with large display windows and clear open retail space with tiled floor, ancillary accommodation includes office, canteen, staff toilets (ladies & gents), 2 No. x chill store rooms, cloak room and cleaners room.

Location:
Prominently positioned within a well established commercial centre and benefiting from extensive visibility with frontage onto a key arterial route (N80) and high volume footfall.
The area is home to a number of commercial enterprises in addition to a large residential community which continues to expand with new housing construction.

The subject property is situated approximately 1.2km from the centre of Carlow town and enjoys excellent accessibility with convenient transport links to Carlow town centre and main road networks including N80 and with M9 (Junction 4) motorway only c. 8km away.

Carlow town has attracted multinational investment in recent years with the arrival of pharmaceutical giant MSD, and NUA Manufacturing which acquired the former Braun factory on O'Brien Road. The town also now boasts university status with South East Technological University's Carlow campus continuing to expand it's educational excellence.

Carlow is one of the fastest growing counties in Leinster with a population of 61,931 (based on 2022 census) up 8.8% on the 2016 census figure of 56,875. A thriving and popular commuter town to Dublin city due to its proximity of c. 80km to the city, accessible by M9 motorway and well supported by excellent public transport infrastructure.

Tenant (Not Affected):
â?¢ Let to a leading National retailer, on a 10 year term with 8 years remaining.
â?¢ Annual contracted rent of â?¬60,000 + VAT, with the Tenant responsible for management fees and rates which delivers strong net return.
â?¢ Ideal for the astute investor seeking strong income, minimal landlord liability and excellent growth prospects

For full information pack, lease copy, EPC and to arrange a viewing contact Tom Byrne.

Dont miss this high-yield, low-maintenance retail investment in a rapidly expanding regional commercial hub.