Tralee Food Court Sold For Well Above The Guide Price At Auction

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Tralee Food Court.

TRALEE Food Court at Mile Height has been sold at the latest online auction held by BidX1 today for €1,685,000. It was one of two Tralee properties which sold for above the guide today.

The property, whose tenants include Subway and Burger King had a guide of €1,425,000, but after 21 bids it sold for €260,000 more than that.  The property is currently let to Petro Gas Limited with a lease expiry 2038.

Current rent reserved €130,000 per annum. Petrogas Global is a privately owned company and Ireland’s largest independent forecourt retailer with over 110 sites trading in the Republic of Ireland and United Kingdom.

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A property in Sunday’s Well was sold at auction.

Meanwhile, 86 Sundays Well, Lisloose was also for auction with a guide price of €130,000 but sold for well above the asking price. After 51 bids it was sold for €189,000.

This is a ground floor creche investment extending to approximately 176 sq. m (1,894 sq. ft).
It is let to an individual t/a Brookview Childcare. Lease expiry 2016 (over holding). Current rent reserved €17,000 per annum.

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