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Thomas Street Brochure

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Thomas Street Brochure

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Thomas Street Brochure

  1. 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. 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. 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. 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

Thomas Street Brochure

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