Vila unaffected by auction of building

By Esther Hayden

12 South Main Street which is home to Vila.
12 South Main Street which is home to Vila.

A property with an annual rent of €60,000 will be auctioned off with a guide price of €625,000.

The building at 12 South Main Street, Wexford, is home to fashion boutique, Vila, who are not affected by the sale.

Being brought to the market by Kehoe and Associates the property is described as 'an exceptional commercial investment property'.

The building had a retail area on the ground floor with storage area, canteen and office space above. It is subject to a 20 year lease which came into effect in November 2009 and there is a passing rent of €60,000 per year which represents a net initial yield of 9.19 per cent.

The building will be auctioned off on July 13 at Kehoe's auction room on Commercial Quay. For more information contact Kehoe's on 053 9144393.

Wexford People

Most Read

News