rosemount - bannon · including ballyboden, ballyroan, butterfield and old orchard. the scheme is...
TRANSCRIPT
ROSEMOUNT
FOR SALEBY PRIVATE TREATY (TENANTS NOT AFFECTED)
ROSEMOUNTSHOPPING CENTRE // RATHFARNHAM // D14
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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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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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ROSEMOUNT
8 RETAIL UNITS
100% OCCUPIED
4 FIRST FLOOR UNITS
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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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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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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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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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