41/42 Gladstone Street, Clonmel, Co Tipperary

Location

The subject property occupies an exceptional location on Gladstone Street, in the main retail and commercial district of Clonmel. Clonmel, situated on the river Suir is a busy provincial market town of County Tipperary. The town has a population of 15,739 (Census 2006) and is serviced by a good road network. The N24 passes in an east to west direction linking Clonmel with Tipperary and Cahir.

Description

The subject property comprises a ground floor retail unit which extends to approximately 168.4 sq m (c. 1,813 sq ft).  The property has return frontage onto Gladstone Street and Market Street and is regular in shape.

The property benefits from an excellent fit-out and would suit a variety of uses, subject to the necessary planning permissions.

It is close to Boots, McDonalds and Karl Scarpa Shoes.

Lease

The property is held under a 20 year FRI lease from 8th October 2007, subject to 5 yearly rent reviews. There is a tenant break option in year 10, subject to 9 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

€140,000 per annum

Rates

We understand that the annual rates (2010) for the property will be €11,479.

Service Charge

€6,000 per annum (1st Oct 2008-31st Sept 2009)