'Hope jobs remain secure and safe' as major Tipperary commercial premises goes to auction
Dealz on the Limerick Road in Tipperary Town is to go for online auction in March at a guide price of €1.2 million
A commercial property on the Limerick Road in Tipperary Town which is currently at let to Poundland Ltd is to go up for online auction with a guide price of €1.2 million on Thursday, March 13, 2025.
Poundland Ltd, trading as Dealz, is four years into a ten-year lease which commenced in October 2021 at a contracted rent of €170,000 per annum and the lease expiry date is in 2031. However, the lease provides for five yearly open market rent reviews.
The auction, which is hosted by Bidx1.com will take place on Thursday morning at 10.30am, with a bidding closing time yet to be confirmed. To bid at the auction a bidder security deposit of €20,000 is required but fully refundable if the bidder is unsuccessful.
The property is ideally located on the N4 Limerick Road at the Bohercrow roundabout which is approximately a kilometre outside of Tipperary Town.
Tipperary Town enjoys easy accessibility via the national road network as well as bus and train connections via the Tipperary Town Bus station and Tipperary Town Train Station.
Other notable retailers within the same location include Dunnes Stores, Circle K, Mr Price, Lidl, and Tesco Superstore as well as a number of independent retailers.
The property is arranged over ground floor only to provide a substantial, detached retail warehouse unit, according to the property agent.
Internally the property consists of a ground floor double height retail warehouse accommodation and a large open trading floor. The property benefits from some 120 surface car parking spaces to the front and a one-acre development site to the rear. The total floor area extends to 913 sqm (9,827 sq ft).
For more information or to book a viewing, contact Robert Hefferon, at [email protected], or contact +353 (0) 87 145 4501.