Investments: A business consortium is paying around €16 million on the redevelopment and acquisition of the Bank of Ireland branch in Wexford town.

The bank's initial rent of €675,590 will reflect an immediate yield of 3.9 per cent. The 25-year lease will include a break option in year 15. It will also provide for upwards-only rent reviews every five years. The building extends to 1,838sq m (19,784sq ft) and is located at the corner of Commercial Quay and Commons Street. When ready to open, the bank will have raised access floors, suspended ceilings, air conditioning and a lift.

It is one of the few commercial properties in the town centre to have its own car-parking, currently providing 13 spaces. Nearby traders include Shaws department store, Halifax, Supervalu and Kehoe's Auctioneers.

The planned Wexford shopping centre, which will be located nearby and will provide 30,000sq m (322,917sq ft) of shopping, will greatly enhance the appeal of the town centre.