€2.7 million guide price for Killarney’s Central Point

THE Central Point development in Killarney is now on the market for a guide price of €2.7 million through agents Cushman & Wakefield and Sherry FitzGerald Coghlan. This neighbourhood centre is a prime investment opportunity in the premier tourist destination of Killarney.

The Central Point is a mixed use development and is 100 percent occupied comprising of nine retail units, three office units and seven modern two bedroom apartments. The scheme also comprises two detached blocks with 71 car parking spaces on a site of 0.73 acres.

The development provides approximately 1802 sq m (19,397 sq ft.) of accommodation and is currently producing a rent roll of €230,000, but this could increase with additional asset management in the short term reflecting a reversionary yield of 11 percent.

Ciara McCarthy of Cushman & Wakefield said: “This investment offers investors a superb opportunity to acquire an established modern neighbourhood centre which is 100 percent occupied and is located in an established residential and commercial location with frontage onto one of the main thoroughfares to and from Killarney Town Centre.”

Michael Coghlan of Sherry FitzGerald also added: “This is a rare opportunity to purchase an income producing high profile modern mixed use investment in the Killarney area.”

Interest is expected from both local and national investors. For more information contact: Ciara McCarthy at 086 1742 420 or email: Ciara.mccarthy@cushwake.com.

Or contact: Michael Coghlan at 064 66 31892 or email: info@sfmc.ie