independent

Wednesday 16 October 2019

Byrne's World of Wonder premises go on the market

FINTAN LAMBE

SHORT term leases are being entered into for the majority of the Byrnes World of Wonder premises around the South East, as the recently closed shop premises go on the market with a total asking price of around €6 million.

Byrnes' stores in Wexford town, Gorey, Carlow, and Dungarvan, have been put up for sale or for let, and already, short-term tenants have moved into the Gorey and Carlow stores, with agreement close to being reached for one of the shops in Wexford.

Darren Peavoy of Bannon Commercial said that the entire portfolio, which also includes some smaller units in Enniscorthy, is expected to achieve €6 million.

'We've agreed short term letting up to Christmas in a lot of cases,' he said. 'We've had a lot of interested parties, and we're in discussions for long term deals for all of them. There are discussions on both fronts - both for sale or to let.'

The Bookstation chain has already set up shop in the Carlow premises, which extends to 616 sq.m. of retail space over three floors. The variety retailer Tuthills is already open on the ground floor of the 768 sq.m. premises on Gorey's Main Street.

Final negotiations are also under way for a short term lease in Wexford, where two properties are on the market - 895 sq.m. of retail space on Wexford's Main Street, and 1,383 sq.m. of space at Clonard Retail Park.

Another store, totalling 1,450 sq.m. over two levels, in Dungarvan town centre, is also on the market.

The smaller premises in Enniscorthy already have tenants in place.

Darren said it was good to see the outlets occupied so quickly. 'It doesn't do any town any favours to have shops closed on the high street,' he said.

'It's good to have them open and trading. There's strong interest in all of the properties, and offers are in on them at this point in time and they are being considered.'

Details of the outlets are available for viewing on www.bannon.ie/brochures

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