Description
Accommodation
Features
Negotiator
Location
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| Beds | |
| Price | €2,500,000 |
| Property Type | Investment Property |
| Size | 2257 meters2 |
| Energy Rating | BER- |
| Refreshed on | Jan 29, 2026 |
| Eircode | R93 P9X4 |
| Group Name | Lisney Commercial Dublin |
| Sales License Number | 001848 |
Description
This substantial mixed-use property extends to approximately 2,480.91 sq.m. (26,695 sq.ft.), arranged three levels. The accommodation is primarily retail, with office space located at first floor level. The centre benefits from an escalator, excellent accessibility, and convenient on-site surface car parking (pay-and-display). Please note: the car park is not included in the sale. The property offers excellent short-term income from existing tenancies, while also presenting a unique opportunity to significantly reconfigure, redevelop or actively manage the asset. PROJECT CARLOW 2040 Project Carlow 2040 is a 20-year strategy aimed at revitalising Carlow Town's urban environment, economy, and infrastructure. Backed by 23 million in Urban Regeneration and Development Fund (URDF) investment, the initiative includes major public realm and connectivity upgrades, many of which are set for completion in 2025. For the Hadden's Centre, these works will bring direct benefits through enhanced paving, lighting, and pedestrian infrastructure along Tullow Street, significantly improving accessibility and appeal. New pedestrian links connecting Barrack Street, the Potato Market, and the train station will further increase footfall and visibility, reintegrating the Centre into a rejuvenated and more vibrant town core.
Accommodation
The property currently generates a total of 208,000 per annum, all of which is concessionary on a gross basis. These short-term and flexible arrangements provide a stable income in the interim, while also offering significant asset management or redevelopment potential. FloorDescriptionsqmsqftTenancy StatusOccupierCurrent Concessionary Income p.a. (occupied portion only)Comment Upper Ground floorDepartment store and restaurant unit1,442.9015,526Part occupied/ Department store vacant on saleRestaurant unit 21,000Short term arrangement with 2 years to expiry Lower Ground FloorPaddy Power, Regatta, ice cream parlour and retail unit781.918,413Part occupied/ vacantPaddy Power 25,000Currently overholding. In lease renewal negotiations. Regatta 152,000Concessionary gross income received for previous year Ice Cream parlour 10,000Short term arrangement First floorOffices256.102,756Vacant n/a 0 Total: 2,480.9126,695 208,000
Features
- Prime Town Centre Location on Tullow Street, Carlow's main commercial spine..- Dual access from both Tullow Street & Kennedy Avenue..- Situated within the core area of the Project Carlow 2040 regeneration strategy..- Prominent position with high visibility and strong footfall, enhanced by Penneys on Kennedy Avenue..- Vacant accommodation offers strong potential for asset management, value enhancement, and attracting new occupiers..- Existing tenants — including Paddy Power, Regatta, and a café — provide income from short-term flexible arrangements while maintaining customer footfall..- Total floor area: approx. 2,480.91 sqm / 26,695 sq ft GIA part occupied, but will be largely vacant, offering immediate asset management potential..- Current annual income from short term flexible arrangements: approx 208,000
Negotiator
Jennifer Prunty
Location
Situated in the heart of Carlow Town, this landmark property enjoys dual access from Tullow Stree...
Date created: Jan 29, 2026
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