Prime Retail Investment Opportunity For Sale by Private Treaty (Malacca's take Away & La Picassos Restaurant not affected)
-Situated in a prime high footfall location on Gorey Main street
-High profile modern building
-Substantial building of approx. 550 sq.m. NIA
The property has 9 meters of street frontage.
-24 year lease to Malacca's & 8 year lease with La Picassos Restaurant
-Attractive ROI of approx. 7.7% off a market rent of €50,500 pa
Rear yard / parking area with access from Pearse Street.
Malacca's licenced takeaway is based on the ground floor and consists of a dining seated area, toilets, prep and service area with cooler and refrigeration space to the rear.
The successful La Picassos restaurant is located on the first floor and is accessed via a stairs from the Main Street. This area contains a fully licenced restaurant, mezzanine seated area kitchen prep area and toilets.
Gorey itself is one of the most prosperous towns in the South East. With the newly upgraded M11 motorway, Gorey is now an integral part of the Dublin commuter belt. A vibrant market town, many of the major retailing chains such as Tesco, Dunnes Stores, Super Valu, Heatons, Lidl and Aldi are already established. With its proximity to a number of coastal holiday resorts it is estimated that the local population swells by about 60% during weekends and vacation periods.
BER: D1 BER No.800707937 Energy Performance Indicator:975.6 kWh/m²/yr