retail investment opportunity ground floor (tenants not
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GROUND FLOOROSPREY COURTSHANKILLCO. DUBLIN
Retail Investment Opportunity (Tenants not Affected)
* Interested parties should satisfy themselves as to the accuracy of the above floor areas.
INVESTMENT HIGHLIGHTS LOCATION
Shankill is an affluent suburb located just off the M50 / M11 junction approximately 15 kms south of Dublin City Centre. The village has a population of approximately 13,937 people (Census 2011).
The surrounding area is predominantly residential in nature and is well served by public transport including numerous Dublin Bus routes while Shankill Dart station is a short walk from the village.
The subject property is located in the heart of Shankill village conveniently located between adjacent to Brady’s of Shankill public house and Spar. Other neighbouring occupiers include Lloyds Pharmacy, Ceira Lamberts Hair Salon and Tesco Express.
Unit Area Sq M (NIA) Area Sq Ft (NIA)
Ground 146 1,571
DESCRIPTION & ACCOMMODATION
The subject property comprises the ground floor of a mixed use three storey development known as Osprey Court with the upper floors comprising apartments. Under-croft parking is provided to the rear of the retail unit with vehicular access from Dublin Road via a laneway running alongside the subject.
The ground floor is independently accessed from village’s main street with nominal common areas to the rear.
• Prime position in Shankill village adjacent to Brady’s of Shankill
• Let to Paddy Power at €83,400 per annum with upward only rent reviews
• Term certain of approximately 9 years
• Lease guaranteed by Paddy Power Betfair Plc
• Paddy Power Betfair Plc are a listed company with a net worth of over€8billion
TENANCY
COVENANT
The lease is guaranteed by Paddy Power plc which merged with Betfair in February 2016, now Paddy Power Betfair plc making it one of the leading sports betting and gaming groups in the world. The group is valued at over €8billion and operates over 600 betting shops across Ireland and the UK employing almost 5,000 people.
Paddy Power Betfair plc is listed on the FTSE 100 index of the London Stock Exchange. Net revenue for 2015 was €1,094m with an operating profit of €180m. Interim results for H1 2016 show an increase in net revenue of 18%.
Further information is available at www.paddypowerbetfair.com
Unit Tenant Guarantor Term Commencement Rent Reviews Rent Payable
Ground
Power Leisure Bookmakers Ltd t/a
Paddy Power
Paddy Power
Betfair Plc
20 years
24/10/2005 5 yearly upwards
only €83,400
Total €83,400
Break
n/a
Disclaimer: 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 representationsof 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
Bannon Hambleden House 19/26 Pembroke Street Lower Dublin 2PSRA NO: 001830
Louise DohertySurveyor +353 1 [email protected] NO: 001830-005123
Rebecca Jones Surveyor+353 1 [email protected] NO: 001830-006056
Alex PattersonAssociate Director Tel: +353 1 6477946 [email protected] NO: 001830-002397
Rebecca JonesSurveyor Tel: +353 1 6477919 [email protected] NO: 001830-006056
TITLE Long Leasehold.
VATNo VAT charged on the sale.
SOLICITORS BER
VIEWINGStrictly by prior arrangement with the sole selling agent.
PRICEOn application.
CONTACT DETAILSFor further information, please contact the sole selling agent:
BannonHambleden House 19/26 Pembroke Street Lower Dublin 2 PSRA NO: 001830
Daniel MurphyTel: 01-212 0400Email: [email protected]