Shopping Centre Units To Go To Auction Again At Drastically Reduced Price

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Tralee Shopping Centre
Units at Tralee Shopping Centre will go under the hammer this month.

UNITS at Tralee Shopping Centre which went unsold at an auction in February, will go under the hammer again this month but at a drastically reduced reserve price.

Ten units will go to this month’s Allsop Auction in the RDS Dublin on April 23, with a reserve price of between €125,000-€175,000.

This is a drastic comedown on the Allsop auction in February, when nine units (1, 6, 8, 10, 10a, 12, 14, 20 and 20a) in the same building went unsold at a reserve price of between €475,000-€525,000.

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1, 1A, 6-8, 10, 10A–12A, 12-14, 20, 20A, 20B and 20C will be collectively offered as one lot this month.

Two units are subject to tenancies (Shoe Zone and Twinning The Kingdoms) and the remainder are vacant. The units are located  on a combination of ground and first floors and extend to approximately 820.80 sq. m (8,835 sq. ft) in total.

The Current Rent Reserved is €95,000 per annum (current rent passing €82,200 per annum) with vacant possession of seven units.

Click here for more details.

Another Tralee property will also be auctioned at a Residential Auction on April 21 in the RDS.

51 Fountain Court, Ballinorig, Tralee, has a reserve not to exceed €40,000.

The property is described as a semi-detached three bedroom house, two storey beneath a pitched roof.

There is an off street parking and the property extends to approximately 120 sq. m. (1,291 sq. ft).

Click here for more details.