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06 Sept 2025
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06 Sept 2025
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Unit 1DA, Stereame Business Park, Nenagh, Tipperary
Unit 1DA, Stereame Business Park, Nenagh, Tipperary has hit the market in the last week with investment management company 'Colliers' listing the premises at a guiding price of €7.5 million.
The premises is currently home to the iconic Tipperary business 'Banaghans' or Banaghan & Company Limited to call it by its formal name.
The sale of the property will not immediately effect Banaghans' base at the premises as they work on a 10 year lease term with the commencement date of the current lease date being January 1, 2021 and a total passing rent of €400,000. Although, there is a landlord/tenant break option on December 31st, 2025, subject to six months’ notice.
READ NEXT: Construction of 70 local Tipperary district homes being held up by Uisce Eireann
Richard Bielenberg of Colliers says: “This property offers an excellent asset-management opportunity or the ability to exercise the landlord break option and achieve full vacant possession by the end of 2025.”
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