Option for anchor to rein in Innisfallen

THERE’S a chance to add a further €100,000 a year in rent to the existing rent-roll or to further develop/redevelop for a possible main anchor tenant, at Killarney’ s Innisfallen Mall.

The 30-unit shopping mall, which opened around 2000 and which was developed by local firm WK O’Connor, has come up for sale this week for Nama, with a price guide of €3.2m and has a current rental income of €349,000.

Milanos (part of Pizza Express) pizzeria pays the lion’s share of the rent, €125,000 pa, and another strong trader is Mustang Sallys Bar and nightclub. Some 40% of the 18,000 sq ft complex currently is empty, allowing potential for further uplift and alterations.