Follow the Kilmoney trail to ‘gilt-edged’ business in Carrigaline’s Kilmoney

Couple sell local convenience store after 30 years at fast-growing commuter town location

Kilmoney Stores, at the junction of Upper Kilmoney Road and Liosrua,  Carrigaline. It has a one-bed first floor apartment, earnng €12,000 pa. Agent Michael Pigott guides at €750,000

A THRIVING local shop, which has grown with its community over three decades, is up for sale as going concern along with an overhead rental apartment as its long-time operators Brian and Kitty Hurley prepare to step back from the tills.

Described as a gild-edged business/investment opportunity by agent Michael Pigott, he puts a €750,000 price tag on the Kilmoney Stores in south Cork’s vastly expanded and matured Carrigaline, noting it has rental income of €12,000 pa from the apartment, an exceptionally strong local trade, a range of retail offers and has full planning granted for the addition of an off-licence.

Mr Pigott says the successful convenience shop, trading under the Daybreak banner and open seven days from 7.30pm to 9pm, is set in amid a densely populated area, serving numerous housing estates and passing motorists on the Upper Kilmoney Road.

He says with Carrigaline’s population now at c20,000, and thus one of Cork’s largest commuter towns, the mini-market/convenience store will continue to evolve to serve its large catchment: “Carrigaline has expanded exponentially in recent years and developments to the south, such as Castle Heights and Forest Hill have enveloped Kilmoney Stores, making it an integral part of the community,” he says of the dormer style outlet at the corner with Liosrua, near a bus stop on the Upper Kilmoney Road, connecting to Church Hill and Rose Hill.

Hurley’s Kilmoney Stores has just over 100 sq metres/ 1,118 sq ft at ground, with a 70 sq m/750 sq ft one-bed open plan overhead apartment earning €12,000 pa.

Apartment overhead earns €12,000 a year

The shop has newsagency, Lotto/National Lottery, greeting cards etc, sells solid fuels, general grocery/retail, hot/cold deli counter, a dairy wall, coffee dock, household items and wines, with planning now for expansion to a full off-licence also, and has alarm, CCTV etc.

“It’s the only shop in a substantial residential catchment area, is still within easy walking distance of the main village and owners Brian and Kitty have built up a considerable business over the past 30 years and now have an impressive certified turnover, with further potential to be realised, particularly with the addition of an off licence,” adds the selling agent, who expects both owner-operator inquiries and some investor interest also.

DETAILS: Michael Pigott & Co 021-4373300, www.michaelpigott.ie.