05 Oct 2022

Revealed: Massive retail development in heart of Clonmel to go up for auction for €1.6m

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Tipperary Tipperary Tipperary

Ormonde Centre, Gladstone Street, Clonmel

A massive retail development in the heart of Clonmel is to go up for auction for €1.6m on December 10 as part of BidX1's latest online offering. 

The Ormonde Centre is a modern retail development and comprises a part three storey, part single storey development offering both retail and office accommodation.

Extending to approximately 3,140 sq. m (33,810 sq. ft) in total.

Established access and significant dual glazed frontage onto both Gladstone Street and the town centre car park.

Subject to two tenancies:
Cresslough Ltd t/a DV8 - 15 year lease from 2012
Twenty Twenty Retail t/a 6th Sense - 15 year lease from 2011

Total current rent €120,000 per annum (after T/O allocation).

80% of floor space is vacant, offering significant opportunity to enhance return.

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