RETAIL INVESTMENT FOR SALE HARBOUR SQUARE CROFTON ROAD DUN LAOGHAIRE CO. DUBLIN (tenants not affected)

Transcription

1 RETAIL INVESTMENT FOR SALE HARBOUR SQUARE CROFTON ROAD DUN LAOGHAIRE CO. DUBLIN (tenants not affected)

2 KEY FEATURES Prominent retail parade. Weighted Average Unexpired Lease Term of (WAULT) 9.86 years. Modern development extending to approx. 832 sqm (8,956 sqft). 4 car parking spaces. Fully let to 4 separate retail tenants, producing 226,000 p.a. Part of Dun Laoghaire s bustling sea front leisure district.

3 OVERVIEW OF PROPERTIES UNIT 1A - MILANO UNIT 3 - GOURMET FOOD PARLOUR UNIT 2 - BISTRO LE MONDE UNIT 4 - UN SPORTS NUTRITION

4 LOCATION Dun Laoghaire is fortunate with major transport corridors traversing the area notably the frequent services of the Dun Laoghaire DART station and numerous bus termini which stop directly opposite Harbour Square on Crofton Road. It is approximately 11 kilometres south of Dublin s city centre and has a population of 206,261 according to the 2011 census. Harbour Square is a mixed use development comprising of office, retail, creche and residential laid out around a common landscaped courtyard. It is located adjacent to the Dun Laoghaire Rathdown County Council office and Dun Laoghaire DART station. The four ground floor units are situated within the Harbour Square Development which is located on Crofton Road forming part of Dun Laoghaire s bustling leisure district overlooking the harbour. The parade forms part of a cluster of restaurants and bars including Nandos, the Forty Foot, Gourmet Burger Kitchen, ITSA, Hartleys, The Hen House and Insomnia Coffee. The seafront has become the heart of the activity for food and leisure activity with a wealth of choice combined with excellent parking and public transport. Large office occupiers in the area include Tesco, Dun Laoghaire - Rathdown County Council and Bord Iascaigh Mhara (BIM). TENANCIES DESCRIPTION Unit Tenant Lease Income Sqm Sqft Car Harbour Square is a modern, contemporary mixed use development designed by O Mahony (NIA) (NIA) Parking Pike architects completed in It consists of five buildings, built on 5/6 levels, over a common two tier underground car park around a generous landscaped plaza area. 1A Agenbite Limited t/a Milano 20 years from 24/11/2008, Break option 23/11/ ,000 p.a ,874 1 The retail parade is situated at ground 2 Travel Café 20 years from 50,000 p.a ,830 1 floor level and face onto Crofton Road. Limited t/a Bistro 01/09/2012 The upper floors are in a mix of residential and office use. Le Monde 3 Gourmet Food 10 years from 30,000 p.a ,357 1 Each tenant has fitted their units out to their own specification. 4 Parlour UN Sports 01/07/ years from 21,000 p.a ,894 1 Nutrition Limited 21/03/2014 Total 226, ,956 4 All intending purchasers should satisfy themselves in relation to floor areas.

5 BER Unit 1A BER: C3 Unit 2 BER: C1 Unit 3 BER: C2 Unit 4 BER: C3 BER No: EPI: 1, kwh/m 2 /yr. BER No: EPI: kwh/m 2 /yr. BER No: EPI: kwh/m 2 /yr. BER No: EPI: kwh/m 2 /yr. VAT The purchaser will be liable for any VAT (if applicable) arising out of the transaction. GROUND FLOOR UNITS PRICE In the region of 2,750,000 representing a net initial yield of 7.87%. VIEWINGS/FURTHER INFORMATION For further information or to organise a viewing please contact: Maria Lennon T: +353 (1) E: mlennon@lisney.com Duncan Lyster T: +353 (1) E: dlyster@lisney.com PSRA No: The Agents and the Vendor give note that the particulars and information contained within this Investment Memorandum do not form any part of any offer or contract and are for guidance purposes only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents, or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this Investment Memorandum, intending purchasers or any third party should not rely on these particulars and information contained within as statements of fact, but must satisfy themselves as to the accuracy of details given to them. Lisney nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and Lisney nor its employees shall be liable for any loss suffered by an intending purchaser or any third party arising from the particulars or information contained within this brochure. Prices quoted are exclusive of VAT (unless otherwise state) and all negotiations are conducted on the basis that the purchaser shall be liable for any VAT arising on the transaction.

6 DUBLIN AIRPORT N2 FROM DERRY FROM NAVAN/CAVAN METRO M1 N3 M50 DART HOWTH FROM SLIGO/GALWAY N4 CITY CENTRE DUBLIN HARBOUR St. Stephen s Green House, Earlsfort Terrace, Dublin 2 T: E: dublin@lisney.com FROM CORK/ LIMERICK N7 N11 BOOTERSTOWN DUN LAOGHAIRE Montgomery Street, Belfast BT1 4NX T: E: property@lisney-belfast.com 1 South Mall, Cork T: E: cork@lisney.com HARBOUR SQUARE DUN LAOGHAIRE CO. DUBLIN FROM BRAY/ GREYSTONES DALKEY