The Ashleaf Shopping Centre in Crumlin in Dublin has come on the market with a price tag of €10.75 million.
Situated at the junction of Cromwellsfort Road and Whitehall Road West, it was built in 2000 and has a footfall of 4.5 million people a year.
The two storey centre is anchored by Dunnes Stores, while other tenants include Lloyds Pharmacy, Specsavers, Starbucks and McDonalds.
However, there are currently nine vacant retail units in the development.
The current rent roll is approximately €1.18 million a year and the price being sought represents a yield of 10.14%.
According to agents CBRE, the new owner may have the opportunity subject to planning permission to redevelop the upper floors to create a residential scheme to complement the existing retail outlets.
The total floor area of the property is 16,771 sq. m and 8,564 sq. m of that is subject to this sale.
