1. Coldwell Banker Commercial brings to the market this excellent retail
investment opportunity located at 119-121 Thomas Street, Dublin 8.
Investment Highlights:
■ Tenants: Lidl, Euro Giant and Spar
■ Occupying 17,835 sq. ft./1657 sq. m. of ground floor retail
■ Upward only rental reviews
■ Combined rental Income of €480,000 per annum
■ Gross Yield of 7.5%
■ Guide price – €6,400,000
PROPERTY CONSULTANTS
INVESTMENT OPPORTUNITY
FOR SALE BY PRIVATE TREATY
2. PROPERTY CONSULTANTS
Location:
The subject property is located on Thomas Street close to
its junction with Meath Street, less than 2 km from Dublin
City Centre. Thomas Street is a busy mixed use commercial
thoroughfare linking James Gate area of the city centre
through to Dame Street via Christchurch. There are ample
amenities in the area: pubs, restaurants, cafes together with
Vicar Street (concert venue) and the National College of Art
and Design (NCAD).
Description:
The subject property (3 units) occupies the entire ground
floor retail space extending to 1,657 sq. m. (17,835 sq. ft.).
The Lidl Unit:
UNIT USE Sq m Sq Ft RENT PER ANNUM
Lidl Retail Area 637 6,857
€250,000 per annum
Stores Storage, Kitchen, Canteen, Toilets, Office 294 3,164
LEASE DETAILS RENT REVIEW
25 years from 02/06/1998 – 8 years remaining, FRI 5 year upward rent review intervals
COLDWELL BANKER
COMMERCIAL
The Euro Giant Unit:
UNIT USE Sq m Sq Ft RENT PER ANNUM
Euro Giant Retail Area 356 3,832
€120,000 per annum
Stores Storage, Toilet and Office 75 807
LEASE DETAILS RENT REVIEW
25 years from 16/07/1998 – 8 years remaining, FRI 5 year upward rent review intervals
The Spar Unit:
UNIT USE Sq m Sq Ft RENT PER ANNUM
Spar Retail Area 202 2,174
€110,000 per annum
Stores Storage 93 1,001
LEASE DETAILS RENT REVIEW
25 years from 02/06/2005 – 15 years remaining, FRI 5 year upward rent review intervals, abated to €110,000 p.a
3. PROPERTY CONSULTANTS
COLDWELL BANKER
COMMERCIAL
COVENANTS:
Since July 2000, Lidl have opened over 175 stores across the island of Ireland and are now the market leader in discount
grocery retailing in Ireland.
Eurogiant discount stores, formerly trading as Euro 2, currently have 77 retail outlets nationwide. They are continuing to
expand and open new stores.
Operating in Ireland for over 50 years, SPAR is one of the country’s largest convenience retail groups. With a presence in
every county across Ireland, SPAR has over 370 stores.
4. PROPERTY CONSULTANTS
For further information please contact
Gary Neilson gary@coldwellbanker.ie 086 8203625
or Gintas Matukaitis gintas@coldwellbanker.ie 087 931 6359
Coldwell Banker Commercial, Property Consultants, 28 Lower Leeson Street, Dublin 2.
T: + 353 (0) 1 4554752 E: info@coldwellbanker.ie
www.coldwellbankercommercial.ie
DISCLAIMER
Whilst all reasonable care has been taken in preparing this brochure this firm shall not be held responsible for any inaccuracy to any of the particulars, photographs or description
relating to any property or properties referred to and shall not be liable for any expense that may be incurred by any party investigating, researching or viewing any such property
and which that party may determine to be unsuitable or which may have been let, sold, withdrawn or no longer available for disposal. Interested parties are advised to make an
appointment directly with us to view the property and to establish with us that the property is still on the market with us as agents before they incur any pre bid costs. We ask
you to note that we have no authority to bind the vendor or the landlord in contract and no contract shall exist or be deemed to exist until a formal contract or lease as prepared
by the Vendor or Landlord or the Vendor’s or Landlord’s solicitor has been formally executed by the Vendor or Landlord or their appointed legal agent. These particulars do
not constitute any part of an offer or contract. All statements contained in these particulars, as to this property, are made without responsibility on the part of the Agents or
the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. The particulars,
various plans, photographs, dimensions, references to condition and permission for use and occupation are given in good faith and are believed to be correct but their accuracy
is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error
or mis-description shall be a ground for a claim for compensation nor for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant. No one in our
employment has the authority to make or give any representation or warranty whatever in relation to the property. Prices are quoted exclusive of VAT (unless otherwise stated)
and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction.
COLDWELL BANKER
COMMERCIAL
