WHITEWATER SHOPPING CENTRE
IRELAND’S LARGEST REGIONAL SHOPPING CENTRE
FOR SALE BY PRIVATE TREATY WHITEWATER SHOPPING CENTRE
‘A Rare Opportunity to Acquire Quality and Scale in Retail Real Estate in Ireland’
IRELAND’S LARGEST REGIONAL SHOPPING CENTRE
www.whitewaterscsale.com WHITEWATER SHOPPING CENTRE
OVERALL NET OPERATING 29,788 SQ M INCOME APPROX: IRELAND’S Freehold Investment (320,640 SQ FT) €11,708,000 For Sale by Private Treaty OF RETAIL ACCOMMODATION PER ANNUM LARGEST (Tenants Not Affected) 84 RESIDENTIAL UNITS WAULT: REGIONAL Guide Price: 11.4 YEARS € In excess of 150 million (EXCLUDING RESIDENTIAL) 1,700 CAR PARKING SPACES SHOPPING (subject to contract) equating to a net initial yield of 7.47% EXTENSIVE AND AFFLUENT CENTRE 4 KEY ANCHOR TENANTS CATCHMENT AREA
02 03 WHITEWATER SHOPPING CENTRE
KEY DESTINATION ANCHORS RETAILERS
A SUCCESSFUL SHOPPING CENTRE
Whitewater Shopping Centre comprises an extensive two storey mall constructed to the highest standards and home to over 80 retailers.
The scheme includes 4 anchor tenants, 63 retail units, 11 food DIVERSE LEISURE AND court units with seating for 650 people, a 6 screen cinema and FASHION MIX FOOD OFFERING 1,700 car parking spaces.
04 05 ASSET MANAGEMENT TRADING IMPROVEMENTS NEW LETTINGS NEW TRADE FORECASTING LETTINGS UP 10% Y/Y FURTHER INITIAL RENT (AVERAGE) TRADING CENTRE REVIEWS (NOT IMPROVEMENTS OPENING APPLICABLE) FOOTFALL (NUMEROUS UP A FURTHER PRE-LETS UCI 8% Y/Y IN SITU) (NOW ODEON) OPENED NEW 6 SCREEN CINEMA
PLANNING FOR 2 NEW RESTAURANTS ANNUAL DEVELOPED FOOTFALL UP 5% BY BALLYMORE
THE WHITEWATER STORY
PRE 2006 2006 2009 2011 2013 2014 NOW FUTURE
06 07 WHITEWATER SHOPPING CENTRE
Newbridge is within the Dublin
commuter-belt, approximately 50 km DUBLIN AIRPORT M1 M4 south-west of Dublin City Centre. The N2 N3 area is connected by both road and rail M50 KILCOCK services. As a result, the Newbridge/ JOHNSTOWN M4 BRIDGE Naas area has emerged as a hub of M50 MAYNOOTH industry with firms like Kerry Group, R402 LUCAN M4 Oral B, Newbridge Silverware and Pfizer R406 HEUSTON STATION choosing to locate here. The area is R407 M50 R403 E IN L R also renowned as the ‘Home of Irish E DUBLIN T CLONDAKIN U M Horse Racing’ and the location of the M CO N LI A STRONG Irish Army’s largest military base, both B BLACKWOOD U CLANE D N7 DUN LAOGHAIRE - of which stimulate growth in the local R403 IL A economy. R N81 PERFORMING R407 M50 R414 Bus Route 126 R409 N7 LOCATION R415 M7
R401 NAAS M11 MILLTOWN NEWBRIDGE 10 STATION R414 R115 N81
LETTERKENNY DERRY A6 NEWBRIDGE R759 N14 KILDARE 12 WICKLOW M7 MOUNTAINS R411 M2 NATIONAL DONEGAL A5 A29 PARK R755 N15 A26 KILCULLEN LIFFEY M9 R413 A32 BELFAST M1
ENNISKILLEN A4 A1 R418 R417 N59 SLIGO MONAGHAN BALLINA N2 N3 N17 CAVAN DUNDALK N4 CASTLEBAR N5 ...Newbridge is firmly established N84 N3 N4 M1 N17 MULLINGAR M2 as a major commercial hub. ATHLONE M4 DUBLIN GALWAY N7 M50 M6 NAAS N11 M7 PORTLAOISE M9 N18 WICKLOW
M7
LIMERICK M8 KILKENNY CASHEL N24 N11 TIPPERARY
N21 N24 WEXFORD M8 WATERFORD N20 MALLOW KILLARNEY N25 N22 CORK
08 09 WHITEWATER SHOPPING CENTRE
EMPLOYMENT & RETAIL ATTRACTIONS IN THE AREA CATCHMENT
• Kerry Group has developed a Global Innovation Centre in Millennium Park in Naas and employs over 1,000 people. 53% N2 M4 of the catchment area is within the N3 • Newbridge Silverware continues to attract vast numbers of ABC1 socio-economic group visitors to its Main Store and Museum of Style Icons. M4 • Kildare contains the European base of electronics firms,Intel Edenderry DUBLIN N52 (employs approximately 4,500 people) and Hewlett Packard M50 (employs approximately 4,000 people), two of the largest 310,851* employers in this sector. population within the catchment Naas reflecting an increase of approximately NEWBRIDGE • Pharmaceutical giant Pfizer has its European Manufacturing 30% since the 2002 census versus the Portarlington Kildare base in Newbridge. national average of 16% N80 E20 • The Irish Army’s largest military base containing its command headquarters and training centre is located at the Portlaoise M9 Curragh. N81 45%* Athy • County Kildare is world famous for staging the most exciting of the catchment is in the 15-44 N80 horse racing events in Ireland. The Curragh, Punchestown age profile E20 Balthinglass and Naas racecourses attract people from all over the world N77 who come to see the top international horses and jockeys compete in races throughout the year. Highlights include Carlow all five Irish Classic races which run at the Curragh and the 25%* N78 Irish National Hunt Festival at Punchestown. Other local 10 min drive time thoroughbred attractions include The Irish National Stud and of the catchment population is under N80 M9 20 min drive time Goffs International Sales Complex. 15 years of age, contributing to a significant increase in the forecasted 40 min drive time 15-24 year age group N77 M50N81 - 28 min drive time
*Source Gamma/CSO 2011
10 11 WHITEWATER SHOPPING CENTRE SHOPPING IN NEWBRIDGE
Newbridge hosts a diverse selection of shops, from large international brands to long established local traders.
Whitewater Shopping Centre has established itself as the focal point for the town centre MAIN and is complemented by an extensive range STREET WHITEWATER of additional shopping and leisure amenities. SHOPPING CENTRE
Accessed from Main Street and Cutlery Road, PEDESTRIAN Whitewater is situated adjacent to TK Maxx, ACCESS Penneys and The Courtyard Shopping Centre.
CUTLERY ROAD
THE COURTYARD SHOPPING CENTRE ACCESS TO CAR PARK
ATHGARVAN NEWBRIDGE ROAD RETAIL PARK
ACCESSING WHITEWATER
The Curragh N7 Newbridge SOUTH Train Station MOOREFIELD CROSS
To Naas / Dublin NEWBRIDGE MAIN ST LIFFEY BRIDGE
A
C PEDESTRIAN ACCESS K C R E A S P S R T O A C W CUTLERY RD R H E I T N7 T A E TO DUBLIN W W A E T IT E H R C W A O R T P S A ES RK C AC
12 13 WHITEWATER SHOPPING CENTRE WHITEWATER INCOME
Anchored by Debenhams, Marks & Spencer, H&M and Whitewater has a current gross income of Zara; other significant tenants include Boots, New €11,960,724 per annum. After deduction of all INCOME PROFILE Look, River Island and Odeon cinema as well as an occupational shortfalls, the centre produces a array of high quality aspirational retailers including current net rent of €11,707,749 per annum (as at Whitewater has an unrivalled strength of income. The scheme (excluding the multi-family units, car park and Oasis, Diesel, Bershka, Tiger and i-Connect. The centre 1st October 2015). promotions) has a weighted average unexpired lease term (WAULT) of 11.4 years to break/expiry. is currently 98% occupied. The majority of tenants with turnover rent provisions Whitewater is let in accordance with the tenancy and are experiencing very strong sales growth. This INITIAL INCOME SUMMARY - AS OF 1ST OCTOBER 2015 accommodation schedule available in the data room. provides an element of operating leverage at the centre to drive potential income beyond current levels. RENT € SHORTFALLS € NOI € NOI - SPLIT % The majority of leases are effectively on full repairing Mall units (incl cinema) 9,155,188 (153,958) 9,001,230 77% and insuring terms by means of a comprehensive Turnover numbers, in the current turnover period, have service charge. In addition, 25 tenancies incorporate demonstrated strong year on year sales growth of up Foodcourt 618,335 (77,612) 540,723 5% some form of base rent and turnover provision within to 45%, with an average sales growth for those tenants their lease. who provide turnover figures of10% . Kiosks 273,643 (1,402)WAULT of 11.4272,241 years to break2% Major Tenants Mall income 153,963 N/A 153,963 1% 5% 2% 1% 13% External units 245,625 (20,003) 225,622 2% 2%
Sub-total - Main Centre 10,446,754 (252,975) 10,193,779 5%87%
Residential 542,828 N/A 542,828 5% 7% Car park 888,494 N/A 888,494 7% 7%
Promotions 82,648 N/A 82,648 1% 1% 5%
TOTAL 11,960,724 (252,975)77% 11,707,749 100% 48%
5%
5% NET OPERATING INCOME (NOI) WAULT of 11.4 years to break Major Tenants 4% 4% 5% 2% 1% 13% 3% 2% 3% 3%
5% 77% Mall Units 2% External Units 13% Debenhams 4% Boots
5% Foodcourt 5% Residential 7% 7% Car Park 4% New Look 7% 2% Kiosks 7% Car Park 5% Marks & Spencer 3% Easons
1% 1% Mall Income 1% Promotions 5% 5% H&M 3% Odeon
77% 48% 5% Residential 3% Zara Net Income 5% 48% Remainder
WAULT of 11.4 years 5% to break/expiry 4% Income4% Expiry Profile 3% 3% 3%
77% Mall Units 2% External Units 13% Debenhams 4% Boots
5% Foodcourt 5% Residential 7% Car Park 4% New Look 12-month average turnover growth of 10% 2% Kiosks 7% Car Park 5% Marks & Spencer 3% Easons 1% Mall Income 1% Promotions 5% H&M 3% Odeon
5% Residential 3% Zara Net Income 14 15 48% Remainder
Within 5 to 10 10 to 15 Greater than 5 years years years 15 years
Income Expiry Profile
Within 5 to 10 10 to 15 Greater than 5 years years years 15 years WAULT of 11.4 years to break Major Tenants
5% 2% 1% 13% 2%
5%
7% 7%
1% 5%
77% 48% WHITEWATER SHOPPING CENTRE 5%
5%
INCOME EXPIRY/BREAK PROFILE 4% TOP 10 TENANTS 4% The top 10 tenants at Whitewater account for over 52% of the income. Within 5 to 10 10 to 15 Greater3% than Hypothetical 3% 3% Total € 5 Years € Years € years € 15 years € Tenant Rent - € % 77% Mall Units Mall units2% (incl Ex tCinema)ernal Units 1,098,262 2,244,66113% Debenhams175,000 5,637,2654% Boots 9,155,188 1 Debenhams 1,575,000 13% 5% Foodcourt Foodcourt5% Residential 165,739 100,000 7% Car Park0 352,5964% New Look 618,335 2 Car Park 888,494 7% 2% Kiosks 7% Car Park 5% Marks & Spencer 3% Easons Kiosks 113,000 0 45,000 115,643 273,643 1% Mall Income 1% Promotions 5% H&M 3% Odeon 3 Marks & Spencer 630,000 5% Mall income 0 153,963 0 0 153,963 5% Residential 3% Zara 4 H&M 575,000 5% External units 96,983 0 Net In2,502come 146,140 245,625 48% Remainder 5 Residential Net Income 542,828 5% TOTAL 1,473,984 2,498,624 222,502 6,251,644 10,446,754 6 Boots 500,000 4% % 14% 24% 2% 60% 100% 7 New Look 425,000 4% Excludes residential, car park and promotions which equates to an additional €1,513,970 pa. 8 Easons 380,000 3% 9 Odeon 370,000 3% INCOMEIncome EXPIRY Expiry PROFILE P(TERMrofile CERTAIN) WAULT of 11.4 years to break Major Tenants 10 Zara 5% 330,766 3% 2% 1% 13% 2% Remainder 5,743,636 48% 60% of the 5% TOTAL 11,960,724 100% income is 7% 7% secured for 87% of the income is generated by the shopping centre tenants including food court, kiosks and mall income.1% 5%
over 15 years 77% 48% 7% of the income is generated by the car park with 5% from the multi-family residential and 1% from promotions. 5%
Within 5 to 10 10 to 15 Greater than 5% 5 years years years 15 years
4% MAJOR TENANTS WAULT of 11.4 years to break Major Tenants 4% 3% 5% 3% 3% 2% 1% 13% 2% 77% Mall Units 2% External Units 13% Debenhams 4% Boots 5% 5% Foodcourt 5% Residential 7% Car Park 4% New Look 7% 2% Kiosks 7% Car Park 5% Marks & Spencer 3% Easons 7% 1% Mall Income 1% Promotions 5% H&M 3% Odeon
1% 5% 5% Residential 3% Zara Net Income 77% 48% 48% Remainder
5%
5% Top 10 tenants = 52% of the Income Expiry4% Profile 4% income 3% 3% 3%
77% Mall Units 2% External Units 13% Debenhams 4% Boots
5% Foodcourt 5% Residential 7% Car Park 4% New Look
2% Kiosks 7% Car Park 5% Marks & Spencer 3% Easons
1% Mall Income 1% Promotions 5% H&M 3% Odeon 16 17 5% Residential 3% Zara Net Income 48% Remainder
Within 5 to 10 10 to 15 Greater than 5 years years years 15 years
Income Expiry Profile
Within 5 to 10 10 to 15 Greater than 5 years years years 15 years
WHITEWATER 2014 - 2015 RETAIL SHOPPING CENTRE INVESTMENT DEALS RECENT RETAIL INVESTMENT TRANSACTIONS Area Net Yield Property Date Sale Price 2 (sq ft) on NOI
LETTERKENNY 4% blended N/A €1,850,000,000 excluding (Dundrum Q3 2015 (Hammerson development 1. PROJECT 1,500,000 sq ft) PR) JEWEL sites (incl. Dundrum Town Centre) Comprised the acquisition of a portfolio of loans secured against prime retail assets in Dublin (including Dundrum Town Centre, the Ilac Centre and The Pavillions in Swords).
2/6 €162,000,000 7.26% 1,147,678 Sale Agreed SLIGO (Guide Price) (At Guide)
2. NATIONAL 6 PORTFOLIO Portfolio comprises of four small/medium sized provincial retail parks and one Dublin retail park. The properties include Nutgrove Retail Park, Dublin; DUNDALK Sligo Retail Park; Deerpark Shopping Centre, Killarney; Letterkenny Retail Park, Donegal and Tullamore Retail Park, Offaly. 5
DROGHEDA 349,998 Q3 2015 €59,000,000 7% 5 7 MULLINGAR 3. MANOR WEST, BALBRIGGAN KERRY 4 2 A fully let, provincial shopping centre and retail park on the outskirts 4 ATHLONE of Tralee, Co. Kerry. TULLAMORE GALWAY
DUBLIN AREA 511,330 Q2 2015 €102,000,000 7.17%
5 4. CORNERSTONE Six small/medium sized shopping centres nationwide along with 150 CARLOW PORTFOLIO residential units. Properties within this portfolio include Orwell Shopping 4 4 Centre, Templeogue; Westside Shopping Centre, Galway; Tipp Town Shopping Centre, Tipperary; Athlone Town Centre, Westmeath; Macdonagh KILKENNY GOREY Junction Shopping Centre, Kilkenny and Gorey Shopping Centre, Wexford.
4 798,017 Q4 2014 €158,000,000 5.73% TIPPERARY 5/7
3 CLONMEL 5. PARKS PORTFOLIO Four provincial retail parks and one prime Dublin retail park. The properties TRALEE within this portfolio include The Park, Carrickmines, Dublin; Lakepoint Retail Park, Mullingar; Four Lakes Retail Park, Carlow; 2 M1 Retail Park, Drogheda and Poppyfield Retail Park, Clonmel.
KILLARNEY 6/7 471,026 Q4 2014 €124,750,000 7.17% CORK
Six nationwide shopping centres/retail parks. 6 6. SPECTRUM PORTFOLIO Properties within this portfolio include Dundalk Retail Park, Co. Louth KILBARRACK (incl. 30 acres of development land); The Mill Shopping Centre, Clondalkin (incl. an office building); Douglas Court Shopping Centre, Cork; DUBLIN Bloomfields Shopping Centre, Dun Laoghaire; Quayside Shopping Centre, 6 Sligo and Kilbarrack Shopping Centre, Dublin 5. 4 CLONDALKIN ORWELL 2 6 706,222 Q3 2014 €170,000,000 7.36% 1 NUTGROVE DUN LAOGHAIRE
DUNDRUM 7. ACORN PORTFOLIO The portfolio comprised three provincial shopping centres, namely 5 Blackpool Shopping Centre and Retail Park, Cork; DUBLIN CARRICKMINES Showgrounds Shopping Centre, Clonmel, Co. Tipperary and Millfield Shopping Centre, Balbriggan, Co. Dublin. AREA
Please note prices and yields stated above are approximate.
20 21 WHITEWATER SHOPPING CENTRE
REAL GDP UNEMPLOYMENTREALREAL GDPREAL GDP UNEMPLOYMENTGDPUNEMPLOYMENTSENTIMENTUNEMPLOYMENTSENTIMENTRETAILSENTIMENT SALESSENTIMENTRETAILFORECASTRETAIL SALESRETAIL SALES SALESFORECASTFORECASTFORECAST 16.1% 16.1% 16.1% 16.1% 6.5% 6.5% 6.5% 6.5% XX% XX% XX% XX% 10% 10% 10% 10% 2016 20162016 2016 9.7% 9.7% 9.7% 9.7%
RETAIL UNEMPLOYMENT CONSUMER RETAIL INVEST IN ECONOMY CONTINUES SENTIMENT SALES IRELAND’S IMPROVING TO FALL UP GROWTH RETAIL Real GDP is now rising Encouraging growth Consumer sentiment up Retail sales have risen at a remarkable 6.5% in new jobs suggests 16.1% year-on-year almost 10% in real terms per annum unemployment is set while VAT receipts, STORY to decrease to arguably the most direct 9.7% in 2015 measure of retail sector activity, are up 7.9% year-on-year
Source: Savills Research Team
...a true sign of the retail economy improving is the 6.5% per annum rise in GDP
22 23 WHITEWATER SHOPPING CENTRE ACCOMMODATION
RETAIL ACCOMMODATION (NIA) FLOOR PLANS
Floor Sq m Sq ft
Ground 16,213 MULTI-STOREY174,510 CAR PARK
First 13,576 146,130 MULTI-STOREY CAR PARK TOTAL 29,788 320,640 60 Subject to Planning GBK 57-59 Shoe Lace Car Parking: 1,700 basement and multi-storey car parking spaces ENTRANCE MULTI-STOREY CAR PARK 60 Subject to Planning 54 53 52 51 Whitewater Vodafone 1A GBK 57-59 Shoe UCI Entrance 55-56 Vacant Amarro Newbridge Kildare GAA Vacant Dental 50 Lace Bridle 200 CEX 28 ENTRANCE An assignable measurement survey for the shopping centre is available on the data site. Golden Discs 2C Optical Express 10 54 51 Service Yard Best Menswear 6 53 52 Whitewater Vodafone 1A Kilkenny Design 2A Vacant 27 UCI Entrance 55-56 Vacant Amarro Kildare GAA Vacant Newbridge Pamela Scott 7 Dental 50 Bridle 200 CEX 28 Golden60 Discs Subject 2C to Planning M ANS I TR E NT E W B RD I G E GBK 57-59 Shoe Dune 2B Skechers 26 Optical Express 10 Service Yard Best Menswear 6 Lace P Kilkenny Design 2A Vacant 27 Clarks 8 ENTRANCE Pamela Scott 7 a The Health Store 3A vers 9 Euro Claire’s Accessories 3B Carraig Donn 25 54 51 M ANST RI EN TE W BD R I G E Gino’s 53 52 Whitewater Dune 2BVodafone 1A Skechers 26 Giant UCI Entrance 55-56 Vacant Amarro Vacant Newbridge P Kildare GAA Ice Cream Bridle Clarks 8 200 Dental 50 a The Health Store 3A 4 5 CEX 28 vers 9 Golden Discs 2C 11 Euro Claire’s Accessories 3B Carraig Donn 25 Optical Express 10 Gino’s
Best Menswear 6 Giant RESIDENTIAL ACCOMMODATION Service Yard Kilkenny Design 2A Ice Cream Vacant 27 Pamela Scott 7 4 Qu 5 Beauty Plus AKM Accessories Sky Kiosk igleys Customer 11 Cafe Service Desk M ANST RI EN TE W BD R I G E Brambles Dune 2B Skechers 26
16A Fields 17 Letting in Legals 18 Art & Hobby 19/20 Cafe P 21 Twenty 1 Clarks 8 Quigleys Customer Beautya Plus AKM Accessories Sky Kiosk The Health Store 3A Cafe Service Desk vers 9 16B Boston Euro Brambles Claire’s Accessories 3B Carraig Donn 25
16A Fields 17 Letting in Legals 18 Art & 19/20 Barbers Hobby Gino’s
Giant Cafe 21 Twenty 1 Ice Cream
4 11 16B Boston 5 Average Size Average Size Average Passing Rent Barbers
Type No. Qu (Sq m) (Sq ft) (per month) Beauty Plus AKM Accessories Sky Kiosk igleys Customer Holland & Barratt Cafe Service Desk 12A Brambles
16A Fields 17 Letting in Legals 18 Art & 19/20 Holland & Barratt Cafe Hobby 12A 21 Twenty 1 MK Meats 12B Service Yard 16B Boston € Barbers One Bed 23 45 484 847 MK Meats 12B Service Yard Peter Mark 14/15 13A O’Reilly Peter Mark 14/15 Craft Angels Recruitment Hidden Hearing Subway CU5B 13B € Bits & Pieces CU3 Neeba Hair Dressers CU2 CU1B 13A One Bed Penthouse 1 CU6 76 CU5A CU4 821 900 Craft Angels O’Reilly Hidden Hearing CU1AHolland & Barratt Subway Recruitment Neeba Hair Dressers CU2 CU1B CU6 CU5B CU4 12A13B Bits & Pieces CU3 CU1A ENTRANCE CU5A Two Bed 37 69 747 €962 MK Meats 12B ENTRANCE Service Yard CUTLERY ROAD Peter Mark 14/15 13A CUTLERY ROAD Craft Angels O’Reilly Hidden Hearing Subway € Recruitment 13B Bits & Pieces CU3 Neeba Hair Dressers CU2 GROUND CU1B FLOOR Two Bed Penthouse 23 78 839 983 CU6 CU5B CU5A CU4 CU1A ENTRANCE
TOTAL 84 CUTLERY ROAD
Parties are advised to satisfy themselves as to the accuracy of the residential floor areas. Available Available Letting in Legals Letting in Legals Subject to Planning AvailableSubject to Planning Occupied Occupied Letting in Legals Anchor Tenants Anchor Tenants Subject to Planning MULTI-STOREY CAR PARK Occupied MULTI-STOREY CAR PARK Anchor Tenants
MULTI-STOREY CAR PARK
Pedestrian Footbridge Pedestrian Footbridge
BroadwayDeli K1 Pedestrian Ginzeng KFC Footbridge Replay Menswear FC1 JD Sports Sixth Sense 32
34A/33B BroadwayDeli K1 O’Briens Ginzeng Abrakabara
Oasis 33A KFC Happy Feet FC1 FOOD COURT M STRN EATW I DB GRI E Replay Menswear ATM FC5 FC1 Gallery 31 JD Sports Sixth Sense 32
Starbucks 35B 34A/33B Bagel Bar li K1 Burger King O’Briens BroadwayDe Abrakabara Shoes K2 FC4 Card Ginzeng Oasis 33A Happy Feet FC1 FOOD COURT M SNTAR I EN TEW BDR GI E KFC 35A FC5 34B ATM Replay Menswear 30 K3 Gallery 31
FC1 JD Sports Sixth Sense 32 Starbucks 35B Bagel Perfume34A/33B Vacant Bar Burger King Direct O’Briens Costa Coffee R Shoes K2 FC4 Abrakabara Card Oasis 33A Happy Feet FC1 FOODVacant COURT K4 M STRN EATW I DB GRI E ATM Kiosk 14 Tian Mix FC5 35A 34B
Gallery 31 30 K3 Starbucks 35B Bagel
Perfume Vacant Kiosk15 Bar Burger King Costa Coffee R Direct Shoes K2 FC4 Card Kiosk 12 35A Vacant K4 34B 30 K3
Kiosk 14 Tian Mix 46 Stradivarius 45A Diesel 45B Lifestyle Sports 39 Bershka 44 38 Vacant Vacant Perfume 40 Tiger Bear Direct 43 Pull and Costa Coffee R Kiosk15 Vacant K4 Kiosk 14 Tian Mix Kiosk 12
46 Stradivarius Kiosk15 41/42 45A Diesel 45B Lifestyle Sports 39 Bershka 44 38 Vacant 40 Tiger Bear 43 Pull and
37 Vacant Kiosk 12
36 Letting in Legals
46 Stradivarius 45A Diesel 45B Lifestyle Sports 39 Bershka 44 38 Vacant 40 Tiger Bear 43 Pull and
41/42
37 Vacant
41/42
36 Letting in Legals
37 Vacant
36 Letting in Legals
CUTLERY ROAD
CUTLERY ROAD CUTLERY ROAD FIRST FLOOR
24 25 WHITEWATER SHOPPING CENTRE
PROPOSAL
PRICE SERVICE CHARGE
We are seeking offers in All of the leases are let on excess of €150 million an effectively FRI basis with exclusive of VAT and subject the full cost of running the to contract. units being reclaimed via the service charge. Pricing at this level would reflect a net yield of 7.47% Each tenant has an allocated based on Net Operating percentage of this charge Income (NOI) of approx. which is linked to occupied €11,708,000 per annum. floor area.
BER TENURE
BER range: Freehold.
BER numbers available upon request. www.whitewaterscsale.com
26 27 CONTACTS
SELLING AGENTS SOLICITORS
SAVILLS IRELAND COADY SUPPLE MCCANN FITZGERALD 33 Molesworth Street, 12 St George Street, Riverside 1, Dublin 2, London, Sir John Rogerson’s Quay, Ireland W1S 2FB, Dublin 2, PSRA: 002233 United Kingdom Ireland
Domhnaill O’Sullivan Robin Coady James Murphy +353 (0) 1 618 1364 +44 (0) 20 7629 5272 +353 (0) 1 607 1272 [email protected] [email protected] [email protected]
Dessie Kilkenny David Sadler +353 (0) 1 618 1401 +44 (0) 20 7629 5259 [email protected] [email protected]
William Scott Charles Emmett +353 (0) 1 618 1435 +44 (0) 20 7629 5251 [email protected] [email protected]
PROPERTY MISREPRESENTATION ACT The joint agents and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills or Coady Supple nor any of their employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills or Coady Supple nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland.
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28 WHITEWATER SHOPPING CENTRE