Former Carpet Right, Cork Road, Waterford

50,000 per year
  • Commercial

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**Prime Retail Opportunity**

The subject property is situated in a high-profile location on the Cork Road in Waterford. In the surrounding area is the motor mile, Ramada Hotel and the Butlerstown Retail Park which comprises of Harvey Norman, Home Focus, Maxi Zoo and Home Store & More. Immediately adjacent is the entrance to Waterford IDA Park which has upwards of 5,000 employees on campus on a daily basis.

The property is being let as circa 3,100sq ft which comprises of an open plan show room with excellent surface car parking to the front of the unit.. Suitable for a variety of uses including bulk retail, daytime diner, gym/sports facility, construction trade, motor trade, etc. Commercial Rates Liability for 2020 was �7,500.00

Waterford is the largest urban centre in the South East of Ireland and the fifth largest city in the Republic of Ireland. It has a population of over 53,000 with a population of 603,902 within a 60-minute drive.

The development plan for the city will see considerable growth in Waterford�s population and employment base as a driver for metropolitan and regional enterprise growth to 2040. The Waterford City Region has a �21 billion economy with the potential to create 1,000 additional jobs annually. The city has been strategically investing in its economy and seeking rapidly to transform infrastructure to accommodate for growth.

According to analysis conducted by Urbistat, there is a current 604,000 catchment population within a 60-minute drive from Waterford City with a retail expenditure in existing stores at �726m with a current Retail Leakage opportunity of �614mn.

Viewings are highly recommended through Barry Murphy Auctioneers.

Reference: BMA1003352


Tenant Fees

Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.