Tuesday 20 March 2018

€950k for Leitrim retail and offices

Ronald Quinlan

Ronald Quinlan

Agents QRE quoting an asking price of €950,000 for the Mulvey Centre, a modern retail and office development in Carrick-on-Shannon, Co. Leitrim. Built in 2007, the scheme comprises 12 retail units and six offices. The quoting price equates to just under €12 per sq ft, which is well below replacement cost.

The sale will see the disposal of nine retail units and four office suites as a number of the units at the development have already been sold off. The total floor area of the units now being offered for sale extends to 7,700 sq m (80,000 sq ft). The development is located just off the N4 Sligo to Dublin Road to the north of the town centre.

Ellen Prenderville of QRE says: "The asking price of €950,000 offers a great opportunity for an investor to enhance the capital value of the scheme through active asset management."

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