Wednesday 23 October 2019

Clonard Village is back in business

By David tucker

wexford auctioneer Colm Murphy says he has sold 14 retail units and three office units in a revitalised and once forlorn Clonard Village development.

Mr Murphy, the managing director of Kehoe and Associates, said he was acting on behalf of a Tipperary-based developer who bought the development earlier in the year.

'The plans are moving afoot, a client of mine purchased it and we are now in the process of selling them on individually. There are 17 new occupants going in there,' said Mr Murphy. He said the developer had declined to be identified.

'Some of them are now starting the fit-out and there is a crew of people up there tidying the area. It's great to see it happening and it's good news for anyone in Clonard Village that bought up there,' he said.

He said a good mix of businesses were moving in, mainly small traders and owner occupiers ranging from an architect to a landscaping business to a transport company.

'I have one ground floor retail unit left, the supermarket and the medical centre and about 6,000 square feet of offices.

'The medical centre will be occupied, I'm talking to a couple of parties at the moment and with regards to the supermarket premises, I'm sure we'll do business on that as well.'

'This was a very well built development and it's great to see it now with all the sold signs,' he said.

Clonard Village was never fully completed as developers Cleary and Doyle went into receivership in 2011.

• Meanwhile, retail warehouse units at nearby Clonard Retail Park are being offered for €85O,000 through DTZ Sherry FitzGerald and Sherry FitzGerald Haythornthwaite.

Units 2-4 Clonard Retail Park comprises three adjoining retail warehouse units extending to about 2,078.3sq m (22,371sq ft) with an additional mezzanine floor of 177.67sq m (1,912sq ft). The entire property is let to Homestore + More on a 15-year lease from March 22, 2012, at a passing rent is €140,000 per annum. This rent is subject to open market reviews while the tenant has break options in years seven and 12.

Wexford People

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