Commercial property: Charleville Town Centre on the market

IT’s all about the timing — and the agents offering a shopping centre developed almost a decade ago and largely still unlet are hoping the time is right for a swoop, offering a 9% return, on a €1.9m sale, of a sizeable north Cork town centre that cost a reported €20m to deliver.

Back on the market is the largely vacant, but fully built, Charleville Town Centre on a four-acre site, just off the heavily trafficked Main Street in the strong county town on the Cork-Limerick border.

Anchored by Dunnes, who own their own unit, and featuring an Elverys (also occupier-owned) as well as Lloyds/Unicare pharmacy renting at €180,000, it’s being billed by Lisney’s Cork offices as “a modern shopping centre investment, with significant asset management enhancement potential.”