DOCSLIB.ORG

Henry Street Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Henry Street Report RESEARCH THE HENRY STREET REPORT TRENDS ANALYSIS OUTLOOK THE HENRY STREET REPORT RESEARCH SUMMARY HENRY STREET projected to rise by 2.5% in 2017 conscious Irish consumer, a behavioural With 1 GPO Buildings now let agreed, the spread over ground and upper ground 1. Growth in real incomes is Introduction according to the Economic and Social legacy of the recent recession. Whether only building available on a new lease is levels, a reduction of a third compared supporting an expansion in Situated in the north city centre, the retail Research Institute (ESRI). In the context this changes as real incomes grow 45 Henry Street, which is being marketed to its previous combined footprint. The consumer spending remains to be seen. The fall in the value thoroughfare known as Henry Street is of a 0.6% forecast for general inflation, at a rent of €3,660 psm. Regarding the new larger unit is the flagship store for its comprised of a single pedestrianised the growth in earnings will boost real of Sterling against the Euro since the shadow letting market, 52 Henry is let Topshop brand in Ireland, with the Zone 2. Prime Zone A Henry Street street bounded by O’Connell Street to incomes and thus consumer spending Brexit referendum is providing a further agreed while a new tenant is being sought A rent standing at €4,155 psm. The rents are now in the order of the east and Jervis Street to the west. power. Also, net migration returned to incentive for cross-border shopping. for 17 Henry Street. letting illustrates a preference for large €4,850 psm However, it should be noted for reference positive territory last year for the first time This, together with the continued rise of floorplates by high-end international purposes that Henry Street is technically since 2009, providing another layer of online retailing, will limit the scope for The Arcadia Group last year triggered retailers, unit configurations which are comprised of two separate streets, demand. This all supports increases in greater high street retail pricing power. co-terminus 20-year break options at its presently in short supply in Dublin City 3. Competition between namely Henry Street and Mary Street, consumer confidence, which is almost five stores in the Jervis Shopping Centre. Centre. A further example of this demand institutional investors for prime with the demarcation between the two back at the ten-year high level achieved The retailer has dropped its Wallace, Miss was TK Maxx’s letting of 3,250 sq m at retail assets in Dublin has Letting occurring at Liffey Street. Recording an in early 2016, before the uncertainty Selfridge and Burton stores, replacing them the Ilac Centre in 2014, where they pay benefited Henry Street annual footfall of 30 million, the street has surrounding the Brexit referendum forced An early marker of Henry Street’s rental with one large unit extending to 1,858 sq m an annual rent of €550,000 per annum. arguably the best retail offering in Dublin a retreat. These trends have seen total recovery was Mango’s letting in Q1 2014 4. Prime yields currently stand due to the combination of high street private consumption rise by over 10% of 1,797 sq m at 46-47 Henry Street at a Zone A rent of 3,444 psm. At the time, at 3.75% shops, department stores and two in the past three years to now exceed € FIGURE 2 shopping centres all in close proximity. pre-crisis levels, although on a per capita the deal represented an important Prime Henry Street Zone A Rents Prominent occupiers include Arnotts, basis they remain slightly below, endorsement of the street from a leading 5. Henry Street and its environs international brand, in what is one of the Penneys, Debenhams, M&S, Dunnes suggesting scope for further appreciation. 8,000 are undergoing a substantial Stores, TK Maxx, Zara, H&M, Mango and In this regard, the ESRI are forecasting largest units on the street. In Q1 2016, facelift, with a number of River Island. private consumption to grow by 3.1% in Ann Summers let the former Pamela Scott 7,000 redevelopment projects at premises at 3 Henry Street – which 2017 and by 3.0% in 2018. 6,000 various stages of delivery extends to 345 sq m – for a Zone A rent of Economy Despite the strong headline fundamentals, 5,000 €4,585 psm, setting a new bar for prime m challenges remain for the retail sector, Grade A rents on the street at the time. /sq The macro underpinnings that provide € challenges which are best illustrated 4,000 the basis for the case to invest in The high rent achieved can be attributed by comparing retail sales versus volumes. Irish retail remain compelling, with to the building’s prime positioning on 3,000 While retail volumes have recovered to employment, wages, immigration and Henry Street, which places it at the such an extent that they are approximately 2,000 consumer confidence all trending in the juncture between the Jervis Shopping 10% ahead of pre-crisis levels of 2008, right direction from an investor’s point Centre, Arnotts and the Ilac Centre. More 1,000 retail values remain approximately 10% of view. recently, Elvery’s Sports moved from below. Strong discounting and price 0 Arnotts to let 808 sq m in Q1 2017 under 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Q3 With the recovery of the labour market deflation are two factors behind the 2017 a ten-year lease at 18 Henry Street for bringing employment back to 2006 difference, and encapsulate the a Zone A rent of €4,413 psm. Source: Knight Frank Research levels, wage inflation has begun to take competitive pressures faced by retailers hold – average hourly earnings are who are pitching their products to a value FIGURE 1 Retail Sales Index (Excluding fuel, motor and bar sales) 130 120 RETAIL 110 RENTS ON HENRY STREET ARE €4,850 PSM 100 FOR PRIME ZONE A SPACE 90 Value Volume 80 2010 2011 2012 2013 2014 2015 2016 Q2 2017 Source: CSO 2 3 THE HENRY STREET REPORT RESEARCH HENRY STREET 1 5 GPO Buildings 1 Former Clery’s 2 Dublin Central 3 Ilac Shopping2 Centre 34 7-9 Henry Street 53 Jervis 1 36 Henry Street Estimated Sale Price: €8,500,000 Department Store Developer: Hammerson Developer: Hammerson & Irish Life Developer: Fitzwilliam Shopping Centre Date: Q4 2014 Yield: NIY 4.55% EY 3.25% Developer: Natrium Status: Planning granted Status: Completed Capital Partners Developer: Arcadia Group Tenant: iConnect Sold: Q2 2015 Status: Planning granted Retail space: 56,155 sq m Retail space: 735 sq m Status: Under Construction Status: Completed Owner: Hammerson Buyer: Irish Life Retail space: 3,478 sq m Note: Total planning permission Note: Amalgamation and extension of Retail space: 3,783 sq m Retail space: 1,858 sq m Accommodation: 492 sq m Note: Planning permission allows granted for this mixed-use existing retail units to incorporate part Note: Consists of the creation of Note: Consisted of the amalgamation Rent: €160,000 pa for two medium sized units at development extends to of covered walkway as internal space a single retail unit via the separation of three retail units into one single unit Zone A: €1,841 psm basement, ground and first floors 158,000 sq m of 7-9 Henry Street from Arnotts with 2 35 Henry Street completion due for September 2018 Sale Price: €9,500,000 2 37 Henry Street Yield: NIY 4.27% EY 3.50% DOMINIC STR LOWER Date: Q4 2015 Sold: Q4 2016 Tenant: eir Buyer: Friends First Owner: Hammerson Accommodation: N/A Rent: €215,000 pa KINGS INN STREET 3 42-43 Henry Street Zone A: €2,917 psm Sale Price: €20,500,000 Yield: NIY 4.04% EY 3.88% 3 22-23 Henry Street Sold: Q2 2017 Date: Q3 2015 Buyer: AEW Tenant: Pull & Bear Owner: SSGA Cineworld Accommodation: 632 sq m 4 18-21 Henry Street Rent: €375,000 pa Zone A: 3,014 psm Estimated Sale Price: €34,000,000 € Yield: NIY 3.66% EY 3.93% PARNELL STREET Sold: Q4 2014 Buyer: Irish Life 4 21 Henry Street Date: Q3 2016 Tenant: The Health Store Owner: Irish Life 5 17 Henry Street Accommodation: 332 sq m Sale Price: €3,500,000 MOORE STREET Rent: €200,000 pa Yield: NIY 6.02% EY 7.83% Zone A: €4,004 psm Sold: Q3 2014 O’COELL STREET O’COELL Buyer: IPUT 5 18 Henry Street Ilac Date: Q1 2017 Tenant: Elverys Sports 6 51 Henry Street Shopping 2 Owner: Irish Life Estimated Sale Price: €5,600,000 Centre 3 Accommodation: 808 sq m Yield: NIY 3.39% EY 3.75% Rent: €460,000 pa Sold: Q2 2015 Zone A: €4,413 psm Buyer: Irish Life 6 45 Henry Street 7 52 Henry Street For Let: Q3 2017 Estimated Sale Price: €7,100,000 Owner: IPUT Yield: NIY 4.05% EY 3.50% Accommodation: 402 sq m Sold: Q2 2015 Quoting Rent: €420,000 pa 8 LIFESTYLE SPORTS Zone A: €3,660 psm Buyer: Irish Life DUNNES STORES ANN'S BAKERY ANN'S RIVER ISLAND 2 1 DEBENHAMS 6 JD SPORTS 7 VODAFONE 7 6 ICONNECT LET AGREED 9 CARROLLS 2 BAG CITY PENNEYS DIFFNEY MANGO DIESEL THREE DEALZ STAR JERVIS STREET JERVIS TO LET BUCKS ZARA EVANS LUSH H&M TOURSIT EIR EIR INFO 7 46-47 Henry Street 8 43-44 Mary Street 3 Date: Q1 2014 VODAPHONE BUTLERS Sale Price: €17,000,000 GINOS SWAROVSKI PANDORA Tenant: Mango Yield: NIY 4.76% EY 3.99% PETER MARKS MARY STREET CARPHONE WAREHOUSE HENRY STREET DIRECT SPORTS LET Owner: Irish Life HICKEYS POST OFFICE KORKYS BOOTS CHEMIST HEALTH STORE DIRECTION FIELDS CLARKS SPARY GAME STOP JD SPORTS HAIR HICKEYS HOLLAND & BARRETT ELVERYS SPORTS OFFICE NEXT SKECHERS MARKS & SPENCERS VISION EXPRESS PULL & BEAR THREE ANN SUMMERS TOPSHOP ALDO H SAMUEL AGREED McDONALDS Sold: Q4 2014 FOREVER 21 Accommodation: 1,797 sq m Buyer: SSGA 9 1 Rent: €650,000 pa SUGAR DOLLS 1 Zone A: €3,444 psm 5 4 3 9 4 4 14-16 Mary Street 5 8 Sale Price: €17,000,000 8 3 Henry Street GPO Arcade Date: Q1 2016 Yield: NIY 4.13% EY 4.04%
Load more

Recommended publications
  • What's Next for Ukpound Shops?
    February 3, 2015 February 3, 2015 What’s Next For UK Pound Shops? Major UK pound shop chains have seen revenues surge in the post-recession years. The economic slump and the Woolworths failure paved the way for this segment’s rapid expansion of stores. With further expansion expected, we think the segment is looking increasingly crowded. Some players are now eying international markets in their bid for growth. DEBORAH WEINSWIG Executive Director–Head Global Retail & Technology Fung Business Intelligence Centre [email protected] New york: 646.839.7017 Fung Business Intelligence Centre (FBIC) publication: UK POUND SHOPS 1 Copyright © 2015 The Fung Group, All rights reserved. February 3, 2015 What’s Next For UK Pound Shops? THE POUND SHOP BOOM Variety-store retailers have proliferated rapidly in the UK, mirroring the store-expansion boom of discount grocery chains (notably Aldi and Lidl), as the low-price, no-frills formula has found particular resonance in Britain’s era of sluggish economic growth. This retail segment encompasses chains like Poundland, 99p Stores and Poundworld, which sell all of their products at fixed price points. Similar to the dollar chains Dollar General and Family Dollar in the US, everything in the pound stores sells for £1 (or 99p) and the goods are bought cheaply in bulk. The group also includes chains with more flexible pricing schemes. Those include B&M Bargains, Home Bargains and Poundstretcher. For both types of stores, the offerings are heavy on beauty and personal care, household fast-moving consumer goods (FMCGs) and food and beverages (particularly confectionery). Other categories typically include do-it-yourself (DIY) and automotive accessories, pet products and seasonal goods.
    [Show full text]
  • 5 Westmoreland ST L PRIME CITY CENTRE RETAIL UNIT with HIGH FOOTFALL L NIA of APPROXIMATELY 110.3 SQ M (1,187 SQ FT) the Opportuniy
    Long Leasehold Interest For Sale 5 5 Westmoreland ST l PRIME CITY CENTRE RETAIL UNIT WITH HIGH FOOTFALL l NIA OF APPROXIMATELY 110.3 SQ M (1,187 SQ FT) The Opportuniy l Long Leasehold interest for sale l 35 years remaining l Low passing rent of £550 (pounds) per annum l Prime city centre retail unit with high footfall 5 l Suitable for owner occupiers and investors Location 5 Westmoreland Street is situated on the western side of the street and is located directly opposite the Westin Hotel. Neighbouring occupiers include Carroll Gifts, Londis, O’Briens, Starbucks, Boyle Sports, Supermac’s and KFC. Westmoreland Street is the primary pedestrian route linking the retail hubs of both Grafton Street and O’Connell Street, benefiting from huge numbers of passing customer footfall as they travel to St Stephen’s Green, Ilac and Jervis Shopping Centre’s. Westmoreland Street adjoins College Green, home to profile and international retailers H&M, American Apparel and Abercrombie & Fitch. Temple Bar, Dublin’s tourist destination is located around the corner with numerous café’s, bars and restaurants. There is an abundance of public transport options available to the area with many bus routes passing by the premises and Tara Street DART station a five minute walk away. Work on the Cross City Luas is due for completion towards the end of 2017, which will provide Luas stops at Trinity College and Westmoreland Street. Currently under construction, LUASCROSSCITY passenger services will begin in December 2017 with an adjacent stop on Westmoreland Street The Opportuniy l Long Leasehold interest for sale l 35 years remaining l Low passing rent of £550 (pounds) per annum l Prime city centre retail unit with high footfall l Suitable for owner occupiers and investors Description The prime retail unit benefits from a shop front of approximately 5 metres wide.
    [Show full text]
  • Consumer Protection List 2019
    Coimisiun um Competition and lomoiocht ogus Consumer Protection Cosoint Tomholtéiri Commission Consumer Protection List 2019 In accordance with section 86 of the Consumer Protection Act 2007, as amended. 1 January 2019 to 31 December 2019 1 Consumer protection enforcement concluded in 2019 1. Convictions/fines, penalties/compensations/compensation Orders Total number of convictions: Two On 21 February 2019, at Galway District Court, following an investigation by the CCPC Kevin McGann was convicted of providing false information to a consumer in relation to the usage or prior history of a motor vehicle, namely the motor vehicle’s previous crash history, which caused the consumer to make a transactional decision that they would not otherwise have made, thereby engaging in a misleading commercial practice which is a prohibited act or practice within the meaning of section 67 of the Consumer Protection Act 2007. The judge convicted him on two separate offences pursuant to section 47 of the Consumer Protection Act 2007. The judge ordered: Kevin McGann serve a four-month sentence suspended for 12 months. Kevin McGann pay a compensation order of €7,405.85 in favour of the consumer which was the full amount sought. Kevin McGann pay a costs order of €9,500 in favour of the CCPC, which was the full amount sought. On 9 July 2019, at Dublin District Court 8, following an investigation by the CCPC, Mark Healy was convicted of providing false information to a consumer in relation the motor vehicle’s previous crash history, and caused the consumer to make a transactional decision that the they would not otherwise have made, thereby engaging in a misleading commercial practice which is a prohibited act or practice within the meaning of section 67 of the Consumer Protection Act 2007.
    [Show full text]
  • The Competition and Consumer Protection Commission
    CompetitionContents and Consumer Protection Commission Annual Report 2019 CCPC ANNUAL REPORT 2019 i Contents 2019 in numbers 2 From the Chairperson 4 Making an impact in priority markets 6 Strategic Goal 1 16 Strategic Goal 2 26 Strategic Goal 3 36 Strategic Goal 4 46 Corporate information 52 Appendix 1: Organisational chart 58 Appendix 2: Consumer protection list 59 Appendix 3: Statement on internal control 67 CCPC ANNUAL REPORT 2019 1 2019 in numbers First 41,589 criminal prosecution for consumers contacted gun- jumping in relation 1,843,537 our helpline to to a merger visits to our website seek information about 282,857 their rights and personal visits to our financial finance products product cost and services comparisons on ccpc.ie 2 traders were convicted of selling crashed cars 4 following a criminal appearances before prosecution Joint Oireachtas Committees 39 positions were filled 32 across the organisation 3,479 Fixed Payment Notices through recruitment, employees in issued to traders for internal promotions and our organisations across breaches of consumer mobility programme 5,419 Ireland benefitted from protection law subscribers to our Money skills for life our consumer financial education newsletter programme 2 First 41,589 criminal prosecution for consumers contacted gun- jumping in relation 1,843,537 our helpline to to a merger visits to our website seek information about 282,857 their rights and personal visits to our financial finance products product cost and services comparisons on ccpc.ie 2 traders were convicted of
    [Show full text]
  • Jan Bormeth Vilhelmsen Og Ma
    0 ucvbnmqwertyuiopåasdfghjklæøzxcv Executive Summary The master thesis at hand is a study of the Danish retail store chain Tiger and EQT’s decision to acquire a 70% stake in the company. The aim in this thesis is twofold. Firstly, a valuation of Zebra per June 30, 2015, will be conducted. Secondly, an analysis of the value creation during EQT’s ownership period is performed. The main objective in this thesis is to estimate the fair Enterprise Value per June 30, 2015, through a DCF-analysis. Based on Zebra’s strategic position and its historical financial performance, the expected future earnings and cash flow generations were forecasted and resulted in an Enterprise Value of DKK 8,864 million from which the Group accounted for DKK 8,350 million and the Japanese Joint Venture for DKK 515 million. Based on these figures, Zebra’s fair value of equity comprises DKK 7,789 million. Of this figure, EQT’s share of the equity amounts to DKK 5,219 million and DKK 2,874 million when correcting for the 50/50 owned subsidiaries. At EQT’s entry in the beginning of 2013, the purchase price for its stake was DKK 1,600 million, according to different sources, resulting in an IRR for EQT on 26.48% per year. This IRR is satisfying since it is above the expected return for Private Equity investments which historically has a threshold for an IRR on over 20% per year, and in more recent time a threshold between 12-17% per year. The objective in the second part of this thesis is to analyze how EQT has created or destroyed value during its ownership period based on an IRR for Zebra, excluding the Japanese Joint Venture.
    [Show full text]
  • Poundland Group Plc Annual Report & Financial Statements for Period Ended 27 March 2016
    Poundland Group plc Annual Report & Financial Statements for period ended 27 March 2016 ...Every week ...Every month ...Every year STOCK CODE: PLND OPERATIONAL HIGHLIGHTS GROUP SALES AREA 60 grew by NET NEW STORES 190 converted 99p Stores to Poundland 66% growing the estate in to UK & Ireland to 5.3 million sq ft 896 stores (2015: 588) RETAIL PARK 7 STORES MILLION NOW TOTAL 139 customers served each IN THE UK AND IRELAND week, including over (2015: 87) 300,000 in Ireland th 10 Dealz store opened in Spain CONTENTS Introduction Our History 1 Market Overview 2 Business Model 4 Strategic Report Our Group Strategy 10 Chairman’s Statement 12 Chief Executive Officer’s Review 14 Chief Financial Officer’s Review 18 Risks and Uncertainties 26 Viability Statement 28 Corporate and Social Responsibility Report 30 Governance Directors’ Report 34 Our Directors 36 Our Executive Team 38 Corporate Governance 39 Governance and Nominations Committee Report 42 Audit and Risk Committee Report 43 Directors’ Remuneration Report 46 Financials Statement of Directors’ Responsibilities in Respect of the Annual Report and the Financial Statements 64 Independent Auditor’s Report to the Members of Poundland Group plc 66 Consolidated Income Statement 69 Consolidated Statement of Other Comprehensive Income 70 Consolidated Statement of Financial Position 71 Consolidated Statement of Changes in Equity 72 Consolidated Cash Flow Statement 73 Notes to the Consolidated Financial Statements 74 Company Balance Sheet 110 Notes to the Company Financial Statements 112 OUR GOAL At Poundland we deliver amazing value to our customers every day. We will be famous for our wide range of great products and top brands, offering many exciting new lines every week.
    [Show full text]
  • Cork, Ireland
    SHOPPING CENTRE & RETAIL PARK CORK, IRELAND PRIME RETAIL INVESTMENT OPPORTUNITY BLACKPOOL SHOPPING CENTRE & RETAIL PARK CORK, IRELAND Introduction JLL and HWBC are delighted to present a unique opportunity to the market to acquire a large-scale retail scheme that is the dominant shopping and office centre in north Cork City. The combined Blackpool Shopping Centre and Retail Park offers an investor a stake in Ireland’s second largest city of Cork. Blackpool is a long established and dominant suburban retail offer effectively fully occupied (98% weighted by value). The package contains two complementary assets providing an investor with the opportunity to purchase 27,846 sq m (299,739 sq ft) of retail space with the benefit of an additional 10,081 sq m (108,513 sq ft) of self-contained offices in a well-designed and integrated mixed use commercial development. Blackpool is the only shopping centre north of the city offering a high concentration of international and nationally recognised retailers including; Dunnes Stores, New Look, Heatons, Next, Aldi, Woodie’s DIY, amongst others. There are also a number of community services provided in the scheme including; council library, post office and state health board. Investment Highlights • Excellent location and dominant retail offer position in its catchment • Destination retail hub with a purpose-built shopping centre and separate open use retail park with overhead modern offices • Long established since year 2000 for the shopping centre and 2004 for the retail park • Occupancy rate of 98%
    [Show full text]
  • Copyrighted Material
    Index A Arklow Golf Club, 212–213 Bar Bacca/La Lea (Belfast), 592 Abbey Tavern (Dublin), 186 Armagh, County, 604–607 Barkers (Wexford), 253 Abbey Theatre (Dublin), 188 Armagh Astronomy Centre and Barleycove Beach, 330 Accommodations, 660–665. See Planetarium, 605 Barnesmore Gap, 559 also Accommodations Index Armagh City, 605 Battle of Aughrim Interpretative best, 16–20 Armagh County Museum, 605 Centre (near Ballinasloe), Achill Island (An Caol), 498 Armagh Public Library, 605–606 488 GENERAL INDEX Active vacations, best, 15–16 Arnotts (Dublin), 172 Battle of the Boyne Adare, 412 Arnotts Project (Dublin), 175 Commemoration (Belfast Adare Heritage Centre, 412 Arthur's Quay Centre and other cities), 54 Adventure trips, 57 (Limerick), 409 Beaches. See also specifi c Aer Arann Islands, 472 Arthur Young's Walk, 364 beaches Ahenny High Crosses, 394 Arts and Crafts Market County Wexford, 254 Aille Cross Equestrian Centre (Limerick), 409 Dingle Peninsula, 379 (Loughrea), 464 Athassel Priory, 394, 396 Donegal Bay, 542, 552 Aillwee Cave (Ballyvaughan), Athlone Castle, 487 Dublin area, 167–168 433–434 Athlone Golf Club, 490 Glencolumbkille, 546 AirCoach (Dublin), 101 The Atlantic Highlands, 548–557 Inishowen Peninsula, 560 Airlink Express Coach Atlantic Sea Kayaking Sligo Bay, 519 (Dublin), 101 (Skibbereen), 332 West Cork, 330 Air travel, 292, 655, 660 Attic @ Liquid (Galway Beaghmore Stone Circles, Alias Tom (Dublin), 175 City), 467 640–641 All-Ireland Hurling & Gaelic Aughnanure Castle Beara Peninsula, 330, 332 Football Finals (Dublin), 55 (Oughterard),
    [Show full text]
  • Discounters - Ireland - 2021
    Discounters - Ireland - 2021 The above prices are correct at the time of publication, but Report Price: £1095.00 | $1478.58 | €1232.31 are subject to change due to currency fluctuations. This report looks at the following areas: • The impact of COVID-19 on discounters. “Discounters have continued • Own-label vs branded within discounters. to grow in popularity across • The rise of online retail and its impact on discounters IoI, especially with the impact • What consumers purchase at discounters and why. • How companies are innovating their products to suit consumer needs. of COVID-19. Many consumers in the IoI market have suffered Discounters are a fast-growing sector that was firmly put on the map in IoI after financially due ot lockdown. the global financial crash of 2008. COVID-19 has also presented an opportunity for discounters as consumers want to spend their money more Discounters have provided wisely during an unpredictable time. Mintel data shows that Lidl is the most consumers an option to buy popular discounter store across IoI, while crisps, sweets and biscuits are the their products at a lower most popular food item purchased from a discounter. Discounters such as Lidl price without compromising provide low price snacks, making them a key destination for consumers when buying indulgent products. the quality.” – Natalie Magill, Market Discounters are also growing their Irish presence in non-food retail, with brands Research Analyst such as Home Bargains and Savers offering consumers daily house items at a lower price. However, while in 2008, the discounters maximised the zeitgeist of frugality, in 2020, they may have missed the opportunity to steal greater share and secure consumer trust by overlooking the importance of online shopping – and its importance to medically vulnerable shoppers.
    [Show full text]
  • 5 Westmoreland ST LOT 4 Prime City Centre Retail Unit with High Footfall NIA of Approximately 110.3 Sq M (1,187 Sq Ft) the Opportuniy
    For Sale 5 LOT 3 LOT 5 Westmoreland ST 4 LOT Prime city centre retail unit with high footfall NIA of approximately 110.3 sq m (1,187 sq ft) The Opportuniy l Prime city centre retail unit with high footfall l NIA of approximately 110.3 sq m (1,187 sq ft) l Let to Claddagh Records Limited on a 20 year lease commencing 21 May 2014 5 l Current income of €40,000 per annum. l Mutual break option on 21 May 2016. Location 5 Westmoreland Street is situated on the western side of the street and directly opposite the Westin Hotel. Neighbouring occupiers include Carroll Gifts, Guinness Store, Spar, Boyle Sports, Supermac’s and KFC. Westmoreland Street is the primary pedestrian route linking the retail hubs of both Grafton Street and O’Connell Street, benefiting from huge numbers of passing customer footfall as they travel to St Stephens Green, Ilac and Jervis Shopping Centre’s. Westmoreland Street adjoins College Green, home to high profile and international fashion retailer Abercrombie & Fitch. Temple bar, Dublin’s tourist destination is located around the corner with numerous cafés, bars and restaurants. The Opportuniy l Prime city centre retail unit with high footfall l NIA of approximately 110.3 sq m (1,187 sq ft) l Let to Claddagh Records Limited on a 20 year lease commencing 21 May 2014 l Current income of €40,000 per annum. l Mutual break option on 21 May 2016. Description The prime retail unit benefits from a of shop front of approximately 5 metres wide.
    [Show full text]
  • 14-16 Mary Street Dublin 1
    PRIME RETAIL INVESTMENT OPPORTUNITY 14-16 MARY STREET DUBLIN 1 FOR SALE BY PRIVATE TREATY - TENANTS NOT AFFECTED 14-16 MARY STREET DUBLIN 1 KEY INVESTMENT HIGHLIGHTS Prime Retail Investment Single-let to McDonald’s Restaurants of Ireland Limited Unexpired lease term in excess of 16.5 years Currently producing a rent roll of €733,000 p.a. Tenants not affected 1 14-16 MARY STREET DUBLIN 1 LOCATION The retail thoroughfare of Mary Street and Henry Street is one of two primary retailing streets in Dublin and recorded an annual footfall of 29 million during 2016 (Source: Dublin Town). Mary Street and Henry Street have an extensive provision of retail, with 60 units providing approximately 110,000 sq m of retail accommodation. The street is resident to a number of leading department stores including Arnotts and Debenhams as well as a number of leading international and domestic retailers including Zara, River Island, H & M, Mango and Dunnes Stores. 14-16 Mary Street is situated at the western end of the street, directly facing the recently refurbished Penneys store. The property adjoins the Jervis Shopping Centre, one of the leading Shopping Centres in Dublin city centre, which boasts an impressive tenant mix including Top Shop, Forever 21, Next, Marks & Spencer and Tesco. Due to the prime city centre location, the area offers excellent transport facilities including the Luas Red line, situated less than 140 metres from the subject property. In 2016 over 34 million passengers travelled on the Luas and this number is estimated to grow by 10 million passengers when the Luas Cross City commences operation at the end of 2017.
    [Show full text]
  • General Report Template
    Inspector’s Report PL06S.248674 Development Retention of change of use of 670 sq. retail warehouse to shop, internal alterations consisting internal walls and associated works. Location Dealz, Unit 3, Fonthill Retail Park, Fonthill Road, Dublin 22. Planning Authority South Dublin County Council Planning Authority Reg. Ref. SD17A/0094 Applicant Poundland Ltd. T/A Dealz Type of Application Retention Permission Planning Authority Decision Refuse Permission Type of Appeal 1. First Party v Decision 2. Third Party v Decision Appellant(s) 1. Dealz 2. Integrated Development Services Ltd Observer(s) 1. Right Style Furniture 2. Barry Connell PL06S.248674 Inspector’s Report Page 1 of 19 3. PKB Partnership 4. Allison Maguire & Staff of Dealz Date of Site Inspection 14th September 2017 Inspector Susan McHugh PL06S.248674 Inspector’s Report Page 2 of 19 1.0 Site Location and Description 1.1. The site is located in the Fonthill Retail Park, located off the Fonthill Road and approx. 1.4km south of the Liffey Valley shopping centre. The site is accessed via the N4 Liffey Valley exit off the M50. The Park consists of a number of sectors, split by north-south and east-west distributor roads. Retail units are located in blocks with surface car parking around the perimeter. More traditional warehouse units are located to the rear of the Park. 1.2. The site is an existing unit accessed from the Fonthill Road roundabout via the existing estate road. The appeal site is bounded to the north and south by commercial blocks. Tenants in the block to the north comprise Intersport Elverys and Smyths Toys.
    [Show full text]