Redmond Square goes on market
Published: 21 September, 2016
Wexford shopping centre is being sold by receivers for €2.25m
Redmond Square Shopping Centre, which occupies a prominent location in Wexford town, has gone on the market at a guide price of €2.25 million.
Ten of the 14 retail units are currently occupied with tenants including: Hidden Hearing, Vision Care, Sports Factory Outlet, Unique, National Driver Licence Service Centre, and the Brian Hall-O’Mahony Dental Practice. The portfolio also includes a first floor office with over 1,500-sq ft, which is let to Scurri, the online shipping service for e-commerce businesses.
Additionally, the centre houses a vacant cinema with three large screens, a lobby and toilets extending to 10,950-sq ft. The cinema fronts on to a fully operational car park with 269 spaces.
Joint agents Cushman & Wakefield and Fenelon Properties are handling the sale on behalf of Grant Thornton, who were appointed receivers to the management company.
Peter Love of Cushman & Wakefield commented: “This investment offers excellent rental growth prospects with a unique opportunity to acquire a large floor plate suitable for multiple uses in the centre of Wexford town.”