Retail Investment Opportunity GROUND FLOOR (Tenants Not Affected) OSPREY COURT SHANKILL CO
Total Page:16
File Type:pdf, Size:1020Kb
Retail Investment Opportunity GROUND FLOOR (Tenants not Affected) OSPREY COURT SHANKILL CO. DUBLIN INVESTMENT HIGHLIGHTS LOCATION • Prime position in Shankill village adjacent to Brady’s of Shankill Shankill is an affluent suburb located just off the M50 / M11 junction • Let to Paddy Power at €83,400 per annum with upward only rent reviews approximately 15 kms south of Dublin City Centre. The village has a • Term certain of approximately 9 years population of approximately 13,937 people (Census 2011). • Lease guaranteed by Paddy Power Betfair Plc The surrounding area is predominantly residential in nature and is well served • Paddy Power Betfair Plc are a listed company with a net worth of over by public transport including numerous Dublin Bus routes while Shankill Dart €8billion 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. 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. Unit Area Sq M (NIA) Area Sq Ft (NIA) Ground 146 1,571 * Interested parties should satisfy themselves as to the accuracy of the above floor areas. TENANCY Rent Unit Tenant Guarantor Term Commencement Rent Reviews Break Payable Power Leisure Paddy 5 yearly 20 Ground Bookmakers Ltd t/a Power 24/10/2005 upwards n/a €83,400 years Paddy Power Betfair Plc only Total €83,400 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 TITLE SOLICITORS BER PRICE Long Leasehold. On application. VIEWING VAT Daniel Murphy Strictly by prior No VAT charged on Tel: 01-212 0400 the sale. Email: arrangement with the [email protected] sole selling agent. CONTACT DETAILS Bannon Alex Patterson Rebecca Jones Hambleden House Associate Director Surveyor For further information, please 19/26 Pembroke Street Tel: +353 1 6477946 Tel: +353 1 6477919 contact the sole selling agent: Lower Dublin 2 [email protected] [email protected] PSRA NO: 001830 PSRA NO: 001830-002397 PSRA NO: 001830-006056 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 notrelyonthemasstatementsorrepresentationsoffactbutmust satisfy themselves(attheirownexpense)astotheir 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 Louise Doherty Rebecca Jones Hambleden House Surveyor Surveyor 19/26 Pembroke Street +353 1 6477900 +353 1 6477900 Lower [email protected] [email protected] Dublin 2 PSRA NO: 001830-005123 PSRA NO: 001830-006056 PSRA NO: 001830.