1 Kellyville Lyster Square, Portlaoise, Co Laois

Location

The subject property occupies an excellent location on Lyster Square, in the centre of Portlaoise town directly opposite Portlaoise Shopping Centre. Portlaoise is one of the largest commercial centres in the midlands region and is located off the main Dublin to Limerick N7 road.

Portlaoise has a population of 14,275 persons (Census 2006). There is a strong mix of local restaurants and retailers including Heatons and Londis.

Description

The property comprises a ground floor retail unit which extends to approximately 118 sq m (c. 1,270 sq ft).  It is regular in shape and has excellent frontage onto Lyster Square.  The property has a substantial shop fit and is suitable for a variety of uses, subject to the necessary planning permissions.

Lease

The property is held under a 20 year FRI lease from 20th August 2007, subject to 5 yearly rent reviews. The lease has a tenant break option in the fifth and tenth year of the term, subject to 12 months prior written notice.

Accommodation

The approximate net internal floor areas are as follows:

The above areas are subject to a final joint measurement.

Rent

€60,000 per annum.

Rates

We understand that the annual rates (2010) for the property will be €6,218.

Service Charge

TBC