Location

Located in Nutgrove Shopping Centre, Rathfarnham, an established centre in South Dublin.

The Centre, which has free parking for c. 1,000 cars, is anchored by Tesco, Dunnes Stores and is currently undergoing a major refurbishment.

Summary

-Established suburban shopping centre
-Anchored by Tesco, Dunnes Stores & Penneys
-Average footfall c. 80,000 customers per week
-Centre currently undergoing major refurbishment
-Tenant not affected

Description

The unit occupies a prime possession within the centre immediately adjacent to the main anchor tenants Dunnes Stores and Tesco.

The property comprised a regular shaped retail unit fitted out as a sports and fashion retail unit by the occupier Lifestyles Sports.

Accommodation

All intended purchasers are specifically advised to verify the floor area and undertake their own due diligence.

Sq. m.
307

BER Rating

BER Rating: D1

BER No. 800585812

EPI: 247.76 kWh/m2/yr 1.63

Tenancy Details

The property is let to Drevez Nutgrove under a 20 year and 2 month lease from 8th September 1999.  The lease is guaranteed by Lifestyle Sports (Ireland) Limited.

The unit trades as Lifestyle Sports.

The current rent is €130,000 per annum.   The tenant is responsible for payment of rates and service charge attaching to the property.

The lease expires on 7th November 2019, however, the occupiers have remained unchanged since the commencement of the lease and have renewal rights.

Please note, this is an investment sale and the tenant is not affected.

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