€1.5m sought for Wexford retail unit

Kehoe & Associates Auctioneers in Wexford is seeking offers of €1.5 million for No 20 North Main Street in Wexford Town, a prime retail space in the town.

The unit is currently held by Eforpe Wexford Ltd, trading as Lifestyle Sports, on a 35-year lease from October 2001 and with 18 years unexpired. The space currently yields €150,000 per year, which equates to a net initial yield of 9.22 per cent, assuming standard ...