Longford retail investment opportunity offers 8.45% net yield

Flexible working hours mean individuals are living their lives in different ways than previous generations

Centre includes shops, warehousing, office space, a gym, and food and beverage operators

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7 June 2022 | 0

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Units for sale at the N4 Axis Centre retail scheme in Co. Longford offer investors the prospect of an 8.45% net yield and opportunities for asset management.

The centre includes shops, warehousing, office space, a gym, and food and beverage operators. It is located at the Red Cow Roundabout on the N4 outside Longford town.

The park is anchored by Homestore + More, Maxi Zoo and Argos, with offerings from McDonald’s, Esquires Coffee, Pizza Hut and Fresh Today.

The investment comprises of eight of the commercial units which includes the anchor tenants, while the sale extends to 73,098sq ft with 70% of the income derived from Homestore + More, Argos, Maxi Zoo and Halfords.

The investment is being offered for sale on the instructions of joint receivers Declan McDonald and Ken Tyrrell of PwC. Agent TWM is guiding a price of €6.75 million for the investment.

 

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