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FOR SALE BY PRIVATE TREATY (TENANTS NOT AFFECTED) ROCHFORTBRIDGE VILLAGE CENTRE ROCHFORTBRIDGE CO. WESTMEATH C1 F LOCATION Rochfortbridge is a town situated to the south of County Westmeath near the county boundary with Offaly, along the R446 which is formerly the main Dublin to Galway road. It is located approximately 22km northwest of Tullamore, 15km south of Mullingar and 51km east of Athlone. The town benefits from easy access to the national motorway grid with junction 3 of the M6 motorway located just to the south of the town. Rochfortbridge Village Centre is located in the heart of Rochfortbridge, fronting onto the main road serving the town. EXECUTIVE SUMMARY Rochfortbridge Village Centre is anchored by Eurospar and comprises 5 ground floor retail units, créche, a public house and 8 apartments. There is approximately 3 acres of unzoned undeveloped land located to the rear of the development. It occupies a prominent position in Rochfortbridge and benefits from excellent frontage onto one of the main arterial routes into the town. The current rent receivable is €142,048 per annum with three retail units vacant. The Eurospar lease is guaranteed for its duration by BWG Group. There are eight apartments located on the first floor comprising one 3 bed apartment, 5 two bed apartments and two 1 bed apartments. There is currently one apartment occupied. RESIDENTIAL ACCOMODATION Apartment No. Size (sq m) Size (sq ft) Beds Tenancy 1 136.7 1,471 3 Vacant 2 79.38 854 2 Vacant 3 79.38 854 2 Vacant 4 79.38 854 2 Vacant 5 79.38 854 2 Vacant 6 87.55 942 2 Vacant 7 54.3 584 1 Occupied 8 71.58 770 1 Vacant Total 667.65 7,187 Any intended purchaser will need to satisfy themselves as to the exact area of the subject property. DESCRIPTION ACCOMMODATION & TENANCY SCHEDULE The Rochfortbridge Village Centre is anchored Unit No Size Size Tenant/Use Lease Terms Commencement Expiration Lease Rent by Eurospar and comprises 5 ground floor (sq m) (sq ft) Date Date Per Annum retail units, creche, a public house and 8 Anchor (Ground) 678.40 7302 apartments. Eurospar extends to approximatey Eurospar 10 09/11/16Years 08/11/26 €75,000 1,002 sq m (10,785 sq ft) with other occupiers Anchor (First) 323.60 3483 including McTiernans Pharmacy, An Post, Bridge Unit 1 94.27 1,015 Vacant n/a n/a n/a n/a Bookmakers and Bagnalls Pub. The development is set over three blocks with the public house Unit 2 78.94 850 Bookmaker 10 Years 11/03/11 10/03/21 €12,000 and the pharmacy with one apartment located Unit 3 78.94 850 Vacant n/a n/a n/a n/a in two separate blocks opposite the main Village Centre. Unit 4 77.94 839 Vacant n/a n/a n/a n/a Unit 5 134.72 1,450 Créche 4 Years 9 01/09/11Months 31/05/16 €12,000 There are 7 apartments located on the first floor of the main block comprising five 2 bed apartments Unit 6 132.60 1,427 Pharmacy 35 years 23/08/2004 31/10/31 €28,048 and two 1 bed apartments. These are accessed through separate entrances to the front of the Residential - - 1 Tenant Rolling - - €3,000 development. Pub Unit 577.66 6,218 Bagnall’s Pub Rolling - - €12,000 There are over 50 car spaces to the front and rear TOTAL 2,177.07 23,434 €142,048 of the development. Any intended purchaser will need to satisfy themselves as to the exact area of the subject property. BER RATING C1 F Full Building Energy Rating Certificates and Advisory Reports available upon request. R400 R446 Castlelost Road RATES We understand that the 2017 Rates payable are €28,837 per annum (Tenants responsible). PLANNING Rochfortbridge Planning policy for the areas is contained in the Westmeath County Development Rochfortbridge Plan 2014-2020. The subject property is zoned Mixed Use which is defined as FOR SALE BY PRIVATE TREATY Village Centre ‘to provide for, protect and strengthen the vitality and viability of town centres, (TENANTS NOT AFFECTED) through consolidating development, encouraging a mix of uses and maximising the use of land, to ensure the efficient use of infrastructure and services’. VAT R446 Further information available upon request. R400 Dublin TENURE We understand that the property is held under Freehold Title. M6 GUIDE PRICE Seeking offers in excess of €1,500,000 equating to a Net Initial Yield of 9.07%, assuming standard purchaser’s costs of 4.46%. M6 R400 Athlone DATA ROOM www.rochfortbridgeneighbourhoodcentre.com STRICTLY BY APPOINTMENT ONLY WITH THE JOINT SELLING AGENTS CUSHMAN & WAKEFIELD AND SHERRY FITZGERALD TOM FOX. FOR MORE INFORMATION CONTACT: Cushman & Wakefield, Peter Love Tom Fox 164 Shelbourne Road, T: + 353 (0) 1 639 9612 E: [email protected] Sherry FitzGerald Tom Fox, Ballsbridge, Dublin 4, Main St., Kinnegad, Ireland. Gareth McKeown Co. Westmeath, Westmeath. T: + 353 (0) 1 639 9396 E: [email protected] T: +353 (0) 1 639 9300 Derry O’Neill T: +353 (0) 93 79988 PSRA No: 002222 www.cushwake.ie T: + 353 (0) 1 639 9283 E: [email protected] PSRA No: 001479 E: [email protected] Conditions to be noted: 1. These particulars do not constitute an offer or contract or any part thereof and none of the statements contained in the particulars as to the property to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and 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 representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. 5. The terms, Vendor and Purchaser, where the context requires shall be deemed to refer to Lessor and Lessee and Landlord and Tenant respectively. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and the purchaser/lessee shall be liable for any VAT arising on the transaction. 7. The Vendor reserves the right not to accept the highest or any offer made..
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