Unit 15 Sandyford Shopping Centre

€595,000

Description

This superb investment property forms part of the Sandyford Shopping Centre and has the additional benefit of frontage to Blackthorn Avenue. Other established occupiers in the centre include SuperValu, Four Star Pizza, Boyle Sports and Dundrum Credit Union. Sandyford Shopping Centre is located c. 10km south of Dublin City Centre with access from the Sandyford Road and Upper Kilmacud Road and is close to the M50 Motorway at the nearby Junction 14. The centre is adjacent to the Beacon Clinic and the Beacon South Quarter.
This is a prime retail investment comprising a single story terraced, double fronted unit of c. 2,000sq.ft, let to ORM Ltd. (t/a Cash & Carry Kitchens Ltd.). It forms part of a development of 14 shops including a SuperValu Supermarket, Four Star Pizza, Boyle Sports Bookmakers and the Sandyford Inn. There is extensive parking facilities and the centre is strategically situated to serve the surrounding mature residential areas of Dundrum, Sandyford, Kilmacud and Stillorgan.

This superb investment property forms part of the Sandyford Shopping Centre and has the additional benefit of frontage to Blackthorn Avenue. Other established occupiers in the centre include SuperValu, Four Star Pizza, Boyle Sports and Dundrum Credit Union. Sandyford Shopping Centre is located c. 10km south of Dublin City Centre with access from the Sandyford Road and Upper Kilmacud Road and is close to the M50 Motorway at the nearby Junction 14. The centre is adjacent to the Beacon Clinic and the Beacon South Quarter.

Lease:

The property is let to ORM Ltd. (t/a Cash & Carry Kitchens Ltd.) for a term of 35 years from July 1990 at a current rent of €50,000.00 per annum exclusive (Next review 2020)(Expires July 2025). The tenant is responsible for rates, repairs and service charge.

Tenant:

Cash & Carry Kitchens is a nation-wide kitchen manufacturer and retailer with 4 outlets in Dublin and a total of 15 country wide

Title:

Held on a 900 year lease from 1st July 1997 at a rent of €1.00 per annum

BER:

C2 BER No. 800506669, Energy Performance Indicator: 213.43 kWh/m²/yr

Rates:

€9,471.17 (2016)

Service Charge:

€14,198.62 (2016)

Price Region:

€595,000.00

Viewing:

Strictly by Appointment

Negotiators:

Donal Fitzpatrick FSCSI, FRICS +353 1 433 2222, donal.fitzpatrick@norths.ie

James Stephenson M.Sc, MSCSI, MRICS +353 1 433 2222 ,james.stephenson@norths.ie

 

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