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Station Road, Castlebar, Co. Mayo, F23 AH51

Retail Property For Sale by Private Treaty
of

Price

Location

Castlebar is the administrative capital and county town of Co. Mayo with a population of 12,318 in the town and environs (census 2011). It is a traditional market town which has expanded enormously in recent times and is the second largest retail centre in Connaught, after Galway.
Major employers include Baxter Healthcare (1,000 people); the Revenue Commissioners and Department of Social Protection (500 people) in Michael Davitt House, directly across Station Road. A host of national and international retailers are represented in the town including Dunnes Store, Tesco, Boots, Aldi, Lidl, Elverys Sports, Heatons and Stauntons Pharmacy.
Apart from the Government offices opposite, the immediate area is characterised by good quality housing. The residential estates of Chestnut Grove and Cashel Park are located immediately to the rear of the store and are linked to the carpark by a pedestrian walk way.

Full Description

  • The property comprises a modern mostly single/part two storey, over basement building on a site of approximately 0.269 ha (0.665 acres).
  • The property is located on the west side of the N84 Castlebar to Ballinrobe Road, close to its junction with the N5 Castlebar/Dublin Road.
  • There is an extensive carpark (49 spaces) to the rear accessed via the side of the retail units. The ground floor is occupied by the convenience store with part given over to a pharmacy.
  • There are two units at the rear facing the carpark that have potential for quasi retail/office use.
  • The basement is unused.
  • The convenience store is fully fitted and set out in departments to include a butchery, delicatessen and bakery. There is a large store located to the rear with loading access from the carpark. Customer access to the store is from Station Road and also from the side car park.
  • There are two 1 bed apartments overhead as well as ancillary offices and storage for the supermarket.
  • There are significant redevelopment/asset management opportunities presented by the sale of this property.

Tenancy

The pharmacy unit is let on a 4 year 9 month lease from 24/03/2014 at a rent of €31,200 pa.
The two apartments are currently let on rolling one year leases at rents of €90 euro per week. The tenants have been in possession since 2010.

 

Business

Further details of the business including accounts, department breakdowns and margin are available to genuinely interested parties.

 

Procedure 

Access to the Data Room, which contains information on title, leases and the business, is available to genuinely interested parties. Please register your interest with the selling agents.

 

 

Viewing Details

By special appointment with the sole selling agent, Lisney.

Accommodation

    Unit Sqm Sqft  
    Convenience Store      
    Ground Floor      
    Retail 408.77 4,400  
    Stores with loading bay 241.55 2,600  
    First Floor      
    Offices and stores 125.40 1,350  
    Basement      
    Pharmacy      
    Retail 67.81 730  
    Carpark Units      
    Unit 1 55.74 600  
    Unit 2  46.45 500  
    Unit 3  37.16 400  
    First Floor Residential      
    2 No 1 bed apartment 72.4 780  

     

    Title

    We understand that the property is held on freehold title. 

    Rateable valuation: The Rates Valuation is €152.37. The rates payable in 2015 were €10.476.96

     

    Price 

    Excess €1 million.

    BER

    BER Rating: C2. BER No: 800453953. EPI: 911.11 kWh/m2/yr1.25.

    Viewing / Further Information

    Only by prior confirmed appointment with the Joint Agents.


    Joint Agent

    logo
    Contact: Brian Moran - pbmoran@iol.ie

BER Details

BER: C2
BER No. 800453953
Energy Performance Indicator: 911.11 kWh/m2/yr1.25 kWh/m2/yr

Contact Details

Address: St Stephen's Green House, Earlsfort Terrace, Dublin 2
Telephone: +353-1-638 2700 or you can also email us at dublin@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.