Retail Investment Opportunity
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FOR SALE BY PRIVATE TREATY RETAIL INVESTMENT OPPORTUNITY INCORPORATING DEVELOPMENT SITE (TENANTS NOT AFFECTED) NAVAN ROAD, DUBLIN 7 www.maple-centre.com C3 B3 INVESTMENT HIGHLIGHTS Strong profile to N3 and adjacent Tesco Superstore Excellent road network and public transport links Opportunity to increase rental income Development site approx. 0.2 acres with District Centre - Z4 zoning Strong tenant mix with Iceland, EuroGiant and McDonalds Excess 75 surface parking spaces Guide price excess €7.1m providing NIY of 7% after standard purchasers costs of 9.96% NAVAN ROAD, DUBLIN 7 Prominent 1KM frontage from TU Dublin’s Grangegorman 555,023 to N3 Campus €Current passing rent per annum 7RETAIL Excellent road and public Net UNITS transport infrastructure in Initial Tenant mix the vicinity Yield includes: 7% McDonalds, O’Briens, Iceland, DEVELOPMENT EuroGiant, 7.87 yrs. 6.9 yrs. Maple Pharmacy, SITE WITH DISTRICT Millenium Chinese WAULT TO WAULT TO & one vacant unit CENTRE ZONING LEASE EXPIRY BREAK OPTION d a Rd sbri lena's th d R dge oa Br Rd A ook d b beyfi woo Tolka Valley Road Rd Collins Av d Ri e Aven ver ld Road enu Swords e d Old Finglas u e R e Rd Home Farm Rd Malahid 9 Navan Road Griffith Ave wth Collins Avenue Ho Sy Ea st bil H Broombridge Luas Stop i l Donnycarney Road l Killester Killester Finglas Rd rk Rd Vernon Drumcondra Rd Upr Avenue Grace Pa ad Ro h Sligo Irish Rail Connolly Station Copel t Drumcondra How Av and e Avenue Ratoath Rd Boatanic Rd Rd Lwr ad stle a h Ro C ue Fassaugh Rd Richmond Rd Cabra Howt Whitworth Rd Drumcondra Aven Cabra Luas Stop Phibsborough n Nephin Rd Connaught St P Clo Verno Navan Rd ve Quarry Rd o nta r rf New Cabra Rd t Ro T ad u n Castle A Intreo, Navan Road Phibsborough Luas Stop n e CLONTARF l Clont Rathdown R ar Eccles St f East Wall Rd R Nth Circular Rd Phibsborough oa Phoenix d Old Cabra Rd Park d Portland Row North Circular Rd North Strand Rd Grangegorman Luas Stop Rd Grangegorman NAVANROAD, DUBLIN 7 Dominick St Luas Stop Hill St Chesterfield Ave Broadstone - DIT Luas Stop Dorset St Upr Seville Place East Wall North Circular Rd Parnell St Luas Stop Bond Dr Infirmary Rd Tolka Quay Roa Dominick St Luas Stop O’Connell St Upr Luas Stop Connoly Station d O’Connell St Stoneybatter Talbot St Amiens St d Marlborough Luas Stop R l h Mayor St t Conyngham Road Capel St O’Connell St GPO Luas Stop a u n i o Smithfield Guild St m S r e North Wall Quay T Chapelizod Road Brady’s Dublin Mercedes-Benz Tara St Sou Hanove ary Lomb St E th r d St Eas ilit Trinity R t B C Toll B M Cook St e St Pea i Dam College rse ridge Road ss rc James St Tho Stree mas St Pearse t bert Road treet Nassau Con Col es S St Inchicore Rd R Jam F n Street Ringsend Rd Rd r e St Br r St re oad an ancis S T hico Kilmai L Fe id oll Inc m k nha t t nian St ge Rd un c a l Mo i on et r S Ringsend St n t w s acke Bro a LOCATION Grafton St e Me re d P The Liberties rrion Sq M aw R t North d Rd u et D ts St James’s ildar Emm Aungier K Merrion Sq Grand Hospital Mou Lot Bat Kilmainham Sout A Canal Dockarrow St h rdee South nt S Moore R Circular B St h Rd St St Stephen’s t Lo The Maple Centre fronts onto area with excellent amenities including Approximately 700m south of the Maple and on completionwe will accommodateSouth t Ba M r Sean CHICORE ree Cuffe Green ggot St ount St Low Upper Ave k St St St Ste er Bath Ha Herb or h the Navan Road in Dublin 7, shopping, schools and medical facilities.Rialto CentreC Do is the Irisht Defence ForcesGree phen's 20,000 students, with 10,000 students Be ou n Sh r ac R n South Slie or c erto Bag oad elb Irishtown d t S h e Sout S Heytesbury St n R Northu ou Ro u o e L got vena C n ircular h Ave w ower bert Road gto rne rt S S ad approximately 3km north west of Davitt McKee Barracks, situated on Blackhorse and 600 staff St arrivingce in September d andy R Dolph d Ne Her ddin Pla mberland R Rd Earlsfort Ha mon Rd mon Terrac t Leeson d m R in R ille o Hatch St v unt oa St Mary's R Lansdowne Dublin City Centre. The extension of the Luas Greend Line Avenue. Immediately adjacent to Upptheer 2020. d Rd on St Lower oa Rd d Stran Pem Trit Charle Mespil R broke Landsdowne Rd South Circu Ave Rd to Broombridge, just 20 minutes’ walk Maple CentreDufferin is Tesco Superstore, Cabra d R outh lar Rd S r Rd S mont t L bourne SANDYMOUNT Rd d ula S ee Gil Circ d Parade t U el Pa h so R rnell ford Gran pp S The Navan Road links the north west from the Maple Centre has increased Library Rd and Intreo SocialPORTOBELLO WelfareGrand Centre. Canal Togethern Sussex with their existing Campus in d er Canal Rd Rd DOLPHIN'S BARN Grove Road DartmouthRd suburbs of Stoneybatter, Cabra, the accessibility of thed area which BlanchardstownWaterloo Road and Tallaght this will Le Sandymount St U e gher Rd son BALLSBRIDGE Crumlin Roa pper t Clo RANELAGH un Castleknock and Blanchardstown. was already very well served by Technical University DublinRATHMINES (TU Dublin) be the heart of the new Technologicalk Appian Rd RDS e d Way SandymoAv Anglesea Roa Moun Clogher d Ave Mo bert Par ower This is a long established residential Dublin Bus. is located 1.1km from the Maple Centretp University Dublin. U Her ss R H le reh Sun d L p R asa pe HAROLD'S CROSSCro R ane a d r n mpton Rd oa nt drive nagh R la P rlesto gh d Cha Rd DONNYBROOK a arold's Harold’s Cross R r H k Ave 's Rd R ry Greyhound ad rough Ma oad Rathmines lbo St mage Stadium r Kim ower S Ma Mer Strand Ro Rd L Leinster Ro and Rd a ford D rion Rat onn St An Ave Sydney hmin R ybrook Upp Rd R d d oad ont Anglese o Rd Parade ge oa a ad e o ury Road y R Belm Ailesb PHIBSBOROUGH LUAS STOP TECHNOLOGY UNIVERSITY DUBLIN TO CITY CENTRE MARLET CONSTRUCTING 320 APARTMENTS CABRA ROAD OLD CABRA ROAD TESCO SUPERSTORE RATOATH ROAD NAVAN ROAD CABRA LIBRARY MLS PARK MOTORS INTREO CENTRE, NAVAN ROAD DESCRIPTION The Maple Centre is a modern retail Road. Module surveyors have centre constructed circa 1999. measured the centre on a net and The Centre comprises 7 retail units gross internal floor area basis. The with a surface carparking area total area measures 2,544.3 sq.m for excess 75 cars and it enjoys (27,386 sq.ft) GIA and 2,260.3 significant frontage to the Navan sq.m (24,330 sq.ft) NIA. TENANCY SCHEDULE Lease Start Term Lease Expiration Next Tenant Next Review Current Annual Rent Measured Floor Measured Floor Demise Tenant Date Years Date Break Option Date Excluding VAT Area GIA (Sq. ft) Area GIA (Sq. m) Unit 1 McDonalds Restaurants of Ireland Limited 01/10/1998 25 30/09/2023 None €130,000 5,911 549.2 Unit 2* Euro General Retail Limited 10/10/2017 15 09/10/2032 09/10/2024 10/10/2024 €67,500 3,104 228.4 Unit 3 The Maple Pharmacy Limited 09/12/2002 25 08/12/2027 None 09/12/2022 €105,000 5,907 548.8 Unit 4 Iceland Stores Ireland Limited 01/01/2015 21 31/12/2035 None 01/01/2021 €97,000 8,169 758.9 Unit 5 Vacant - Rental Underwrite €50,000 2,017 187.4 Unit 6 O’Briens Fine Wines 02/09/1998 25 01/09/2023 None €53,000 1,223 113.6 Unit 7 Wai Bun Mo 05/07/2004 25 04/07/2029 None 01/04/2024 €43,000 1,055 98 Unit 8 Allied Irish Banks, PLC 02/12/1998 25 01/12/2023 None €9,523 Total €550,023 27,386 2,544.3 *Unit 2. Rent €67,500 years 3 - 4 and €70,000 years 5 - 6. VAT charged on rent - unit 2 & unit 4. INCOME PROFILE McDonalds 23% €9,523 €43,000 €130,000 The Maple Pharmacy 19% 2% €53,000 8% Iceland 17% 10% 23% EuroGiant 12% 9% O’Briens 10% 12% €50,000 Vacant Underwrite 9% 17% €67,500 19% Millenium Chinese 8% Allied Irish Banks Plc 2% €97,000 €105,000 MAPLE VILLAGE CENTRE SITE LAYOUT NAVAN ROAD BUS STOP MC DONALDS DUNARD ROAD EUROGIANT LIBRARY MAPLE PHARMACY ATM VACANT ICELAND O’BRIEN’S COMMUNICATIONS MAST MILLENIUM MILLENIUM CHINESE CHINESE 75 CAR PARKING TELECOM SPACES FUTURE DEVELOPMENT SITE APPROX. 0.2 ACRES DEPARTMENT OF SOCIAL WELFARE OFFICES TESCO ENTRANCE TESCO ENTRANCE TESCO FUTURE DEVELOPMENT SITE PLANNING AND ZONING The site extends to approx 0.2 acres and is zoned “Z4 - District Centre” zoning objective which seeks “to provide and improve mixed-services facilities” in the 2016-2022 City Development Plan.