Five small provincial shopping centre are to be offered for sale on the instructions of the National Asset Management Agency, (NAMA).
Joint agents Bannon & Lisney are to seek in excess of €50 million for these grocery-led centres which includes Thurles shopping centre, where Dunnes Stores are the major attraction. The other four centres are named as Mullingar, Navan, Dungarvan and Cashel, latter situated some 15 miles from Thurles and anchored by Tesco.
The combined Portfolio currently produces a rent of €4.8 million which will give any future purchaser an initial yield of slightly over 9%.
There are some 100 traders operating in all these five centres, which have an overall combined floor area of some 24,154sq metres (260,000sq ft) and a vacancy rate of 2,787 sq metres (30,000sq ft).
This portfolio also includes more than five acres of development land, much of which is expected to be further developed should any pick up in the Irish retail market transpire.
Thurles Shopping Centre has an overall retail area of 4,645 sq metres (50,000sq ft) not including the main supermarket which is owned by Dunnes Stores. The centre is producing a rental income of €1.15 million and with an average of 6.9 years still unexpired on the various leases the centre could well be valued at about €12 million.
One of Tipperary’s largest annual charity fund-raising organisations, the North Tipperary Vintage and Machinery Club, pictured here with members presenting a cheque for €5,000, to Ms Carol Mackenzie, latter representing Multiple Sclerosis (MS) Ireland.
The club’s annual presentations are always donated prior to Christmas here in Corcoran’s Pub, Two-Mile-Borris, Thurles, in Co.Tipperary.
Mr John Dunne, the Club’s Chairman, spoke of the magnificent efforts again this year from all who had so generously & unselfishly supported their numerous fund-raising events over the past year, not just financially, but also by donating their much valued time to all fund-raising projects undertaken.
Ms Carol Mackenzie, in accepting the donation on behalf of Multiple Sclerosis (MS) Ireland, explained in detail the work currently being undertaken by the organisation she represents.
All present later shared in finger food refreshments specially organised, which included a surprise birthday cake for Ms Josephine Stapleton, present at the event.
“They cannot find employment and therefore are they branded with the crime of idleness.” – Quote “Ireland before the Great Famine.”
A new recruitment drive, made public today, is under way to fill 550 vacancies in the public sector.
However same posts are understood to be at entry and graduate level and will take over two years to complete.
These new vacancies announced are expected to include 300 Clerical Officer posts right across the Civil and Public Service.
Also being sought are at least 250 graduate positions, including 15 specialist posts in the Economic sector.
Further information can be found on publicjobs.ie, latter the Public Appointment Services website.
Senior staff at “The Shambles” also known in Irish Government circles as “Irish Water” and its parent company Bord Gáis (now called Ervia), can earn annual bonus payments of up to 19% for just doing their job as part of their controversial ‘reward’ scheme, RTÉ has revealed.
It would also appear that these “performance awards” are not just limited to those who actually achieve paid work targets, but also will include staff who get an official “need improvement” rating, the latter, in other words, those who do not meet already paid work targets.
All staff across both companies, excluding CEO and directors reporting to the chief executive, who get a “need improvement” rating can earn an additional bonus 9% payment alongside their mid €90,000 salaries.
Staff who meet all expectations, but who do not exceed this, can earn bonus payments of up to 14% annually.
Managerial grades just below CEO and Director level are paid a bonus of 17% if they“consistently exceed” expectations and 19% each year if they “far exceed” expectations.
Meanwhile householders with a suspected water leak are facing a minimum call-out charge of €188 from Irish water after the first fix, latter which will be free. However a minimum call-out fee of €282, for the first hour, will be charged for those working out of office hours and €141 for any additional hour involved during this same time period.
Ah yes folks, next thing you know is that low-class, basic P.A.Y.E workers on minimum wage and who truly built the economy of this country, will be looking for transport expenses related to their bus, car & train travel, latter incurred daily in their efforts to reach their work place in Dublin, (those of them lucky enough to have a work place that is).
That wonderful 1730’s Georgian, 67 bed roomed country mansion, known as Dundrum House Hotel, together with its magnificent golf resort and numerous holiday homes, has been put up for sale by a receiver with a €2.75 million price tag.
This three-star venue, set on 220 acres in the heart of the Golden Vale, close to the M8 near Cashel, in Co Tipperary, has operated as a hotel, a much-loved function venue and a top golf resort for well over 30 years under the management of the Crowe family.
This sale comes about following the successful sale of several golf resort hotels, including the 170 acre Blarney Hotel, Cork and the 5-star Heritage, Killenard, Co Laois.
The hotel has been run by the Dalata Group since going into receivership in April of this year and is now understood to be coming to the market via Savills on behalf of receivers Kieran Wallace of KPMG.
The property boasts 16 self-catering apartments and six coach-house apartments, while the attached golf course, taking up some 160 acres is confidently rated as being in the top ten best designed courses in Munster. This very popular venue also boasts conference facilities, bars, two restaurants, a leisure centre which includes a 21m pool and a gym.
Positioned in close proximity to popular Tipperary tourism sites like Holycross Abbey, the Rock of Cashel, Lár na Páirce GAA Museum, St Mary’s Famine & War Museum, Cabragh Wetlands, the Swiss Cottage and the scenic Glen of Aherlow, this busy concern currently holds on its calendar over 80 weddings and other major secured events planned for the coming year.