Healthy return and room to grow in Nenagh Retail Park

A 158,000 sq ft retail park anchored by Woodies with six other tenants, and two undeveloped other sites, comes to market this week in a Tipperary town due 300 new tech job, guiding €2.6 million, which is well below build/replacement costs.

Agent Isobel O’Regan of Savills Cork is offering the ten-year-old purpose-built Nenagh retail warehouse scheme.

Apart from the immediate income, there’s scope to increase the investment return with two neighbouring sites totalling 3.1 acres to consider — one originally earmarked for a nursing home, the other for a car showrooms — and from a light industrial unit to the rear.