rosemount - bannon · including ballyboden, ballyroan, butterfield and old orchard. the scheme is...

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ROSE MOUNT FOR SALE BY PRIVATE TREATY (TENANTS NOT AFFECTED) ROSE MOUNT SHOPPING CENTRE // RATHFARNHAM // D14 | | | | | |

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Page 1: ROSEMOUNT - Bannon · including Ballyboden, Ballyroan, Butterfield and Old Orchard. The scheme is very much integrated into the local community. Adjoining services include the parish

ROSEMOUNT

FOR SALEBY PRIVATE TREATY (TENANTS NOT AFFECTED)

ROSEMOUNTSHOPPING CENTRE // RATHFARNHAM // D14

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Page 2: ROSEMOUNT - Bannon · including Ballyboden, Ballyroan, Butterfield and Old Orchard. The scheme is very much integrated into the local community. Adjoining services include the parish

ROSEMOUNT

a Established neighbourhood scheme situated in the heart of Rathfarnham

a 2,215.4 sq m (23,846 sq ft) scheme with full occupancy with a contracted rent of approximately €362,483 p.a

a Attractive Initial yield excess 8%

a Terrace parade of 8 retail units with over-head commercial accommodation.

a112 surface car parking spaces in charge by South Dublin Co. Council

a Weighted Average Unexpired Lease Term of 10.7 years offering secure income

a Strong performing centre with excellent income history

EXECUTIVE SUMMARY

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Page 3: ROSEMOUNT - Bannon · including Ballyboden, Ballyroan, Butterfield and Old Orchard. The scheme is very much integrated into the local community. Adjoining services include the parish

ROSEMOUNT

ROSEMOUNT SHOPPING CENTRE is located in the affluent South Dublin residential suburb of Rathfarnham, Dublin 14 approximately 7.2km from Dublin City Centre.

The shopping centre fronts onto Marian Road which comprises a local access road that links through to Butterfield Avenue. The immediate area is predominantly residential in nature with spread of high density neighbourhoods including Ballyboden, Ballyroan, Butterfield and Old Orchard.

The scheme is very much integrated into the local community. Adjoining services include the parish church, Ballyroan community & youth centre and the public library.

LOCATION

BALLYROAN RD

ORCHARDSTOWN AVE

LIBRARYCHURCH PASTORAL CENTRE

MARIAN ROAD

SPRINGFIELD AVEBUTTERFIELD AVE

M50

M50

M50

M1

R132

N1

N2

N3

N7

N81

R117

R116

N11

N4

LUAS

LUA

S

Train Line

Train Li

ne

Palmerstown

PhoenixPark

Crumlin

Finglas

DUBLIN AIRPORT

Howth

Clontarf

Malahide

Portmarnock

Blanchardstown

Dundrum

RATHFARNHAM

Blackrock

Dun Laoghaire

AvivaStadium

Port Tunnel

Santry

DUBLINCITY CENTRE

Stillorgan

Castleknock

Sutton

Raheny

Donaghmede

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Page 4: ROSEMOUNT - Bannon · including Ballyboden, Ballyroan, Butterfield and Old Orchard. The scheme is very much integrated into the local community. Adjoining services include the parish

ROSEMOUNT

8 RETAIL UNITS

100% OCCUPIED

4 FIRST FLOOR UNITS

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Page 5: ROSEMOUNT - Bannon · including Ballyboden, Ballyroan, Butterfield and Old Orchard. The scheme is very much integrated into the local community. Adjoining services include the parish

ROSEMOUNT

The shopping centre comprises a two level scheme with 8 retail units situated at ground floor and a further 4 commercial and offices units at first floor. The first floor units are served by two stairwells with a minimum quantum of common area to be maintained.

The scheme extends to 2,215.4 sq m (23,846 sq ft) with the benefit of 112 surface car parking spaces. This car park has been taken in charge by South Dublin Co. Council. Key tenants include Supervalu, Shannon’s Pharmacy, Rosemount Meats, Ray’s Catch, Get Fresh Fruit & Veg and Truly Scrumptious Café amongst other complimentary uses.

DESCRIPTION

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Page 6: ROSEMOUNT - Bannon · including Ballyboden, Ballyroan, Butterfield and Old Orchard. The scheme is very much integrated into the local community. Adjoining services include the parish

ROSEMOUNT

Unit TenantOriginal Leased

Area Sq m

Tenant Extension

Sq mArea Sq m Area Sq ft

1 Shannon’s 94.2 63.9 158.1 1,701

2 Ray’s Catch 99.1 24.87 123.9 1,334

3 Rosemount Meats 98.9 33.02 131.9 1,420

4 Professional Dry Cleaners 135.2 25.94 164.2 1,767

5 Truly Scrumptious 68.4 58.64 127.0 1,367

5B Mandarin Inn 64.4 - 64.4 693

6 Get Fresh 99.7 79.26 179.0 1,927

8 Supervalu 695.8 - 695.8 7,490

SUB TOTAL 1,355.7 288.63 1,644.34 17,700

Unit User Area Sq m Area Sq ft

I Doctor Surgery 35.8 385

J Accountant 43.7 471

K Hairdresser 62.9 677

L Beautician 93.6 1,007

SUB TOTAL 233.9 2,540

FLOOR PLANS

RETAIL - Ground Floor

GROUND FLOOR

FIRST FLOOR

OFFICE - First Floor

Original Leased Area

Tenant Extension

6

I J

KL

5B 5 4 1 23

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Page 7: ROSEMOUNT - Bannon · including Ballyboden, Ballyroan, Butterfield and Old Orchard. The scheme is very much integrated into the local community. Adjoining services include the parish

ROSEMOUNT

Unit Tenant LesseeOriginal Leased

Floor Area Sq m

Original Leased Floor Area

Sq ftLease Term Lease Start

DateLease Expiry

Date Term Certain Annual Rent

Ground Floor

Unit 1 Shannon's Pharmacy Criofan Shannon 94.2 1,014 35 years 15/06/1986 14/06/2021 6.92 €31,360

Unit 2* Rays Catch The Main Street Paper Shop Ltd. 99.1 1,066 35 years 01/03/1986 28/02/2021 6.63 €32,500

Unit 3 Rosemount Meats Francis O'Toole 98.9 1,065 35 years 25/08/1996 24/08/2031 17.11 €30,714

Unit 4 Professional Dry Cleaners Peter & Mary Kennedy 135.2 1,455 35 years 01/08/1986 31/07/2021 7.05 €32,100

Unit 5 Truly Scrumptious Hardel Ltd. 68.4 736 35 years 01/07/1986 27/06/2021 6.95 €25,400

Unit 5B Mandarin Inn Shen Chen Jia 64.4 693 30 years 01/08/1991 31/07/2021 7.05 €28,500

Unit 6 Get Fresh Niall Dermody 99.7 1,074 30 years 01/08/1991 31/07/2021 7.05 €34,355

Unit 7/8 SupervaluThe Main StreetPaper Shop Ltd 695.8 7,490 25 years 01/09/2014 31/08/2039 25 €90,000

First Floor

Unit I GP Surgery Eleanor Galvin 35.8 385 4 years 9 mths 01/01/2011 30/09/2015 1.21 €5,250

Unit J Accountant Noel McSharry 43.8 471 1 year 01/01/2014 31/12/2014 0.47 €6,500

Unit K Flair In Hair Gina Tuohy 62.9 677 35 years 01/04/1993 31/03/2028 13.71 €12,200

Unit L Personal Touch Maura O'Connor 93.6 1,007 35 years 28/05/1986 27/05/2021 6.87 €17,204

Meteor Meteor Mast Meteor N/A 5 years 10/06/2010 09/06/2015 0.90 €16,400

Total 1,592 17,132 €362,483

TENANCY SCHEDULE

* Sub Let to Rays Catch

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Page 8: ROSEMOUNT - Bannon · including Ballyboden, Ballyroan, Butterfield and Old Orchard. The scheme is very much integrated into the local community. Adjoining services include the parish

ROSEMOUNT

These particulars are issued by Bannon on the understanding that any negotiations relating to the property are conducted through them. While every care is taken in preparing them, Bannon, for themselves and for the Vendor/lessor whose agents they are, give notice that: (1) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (2) Any representation including description, dimensions, references to condition, permissions or licences for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (3) Bannon nor any of its employees have any authority to make or give any representation or warranty in relation to the property.

19/26 Hambleden House, Pembroke Street Lower,Dublin 2. Rod Nowlan+353 1 647 [email protected]

Daniel Mc Laughlin+353 1 647 [email protected]

TITLE The property is held Freehold.

BER

VAT VAT is not chargeable on this sale.

VIEWINGS Viewings are strictly by appointment through sole selling agents.

SOLICITORS Orpenfranks Fionnuala Murphy +353 1 637 6200 [email protected]

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