8,10 & 12 LOWER KILMACUD ROADS T I L L O R G A N , C O . D U B L I N

For Sale By Private Treaty - Tenants Not Affected

LocationStillorgan is an affluent south Dublin suburb. The subject properties are located in a prominent position along the Lower Kilmacud Road in Stillorgan Village, opposite the Stillorgan Shopping Centre. The Lower Kilmacud Road links Drummartin Road and the N11. The buildings form part of a high profile parade of shops with occupiers including Ulster Bank, Lidl, AIB, The Odeon Cinema and O’Briens Wine.

Stillorgan Shopping Centre is anchored by Dunnes Stores and Tesco. The shopping centre benefits from over 550 free car parking spaces and has been identified for improvement works in the near future.

N.B. For identification purposes only. Not to scale.

The Properties

No.12 No. 8No. 10

Investment Summary• High profile mixed-use investment opportunity

• Located in a prominent position opposite Stillorgan Shopping Centre

• Total floor area extending to approximately 663 Sq. m (7,167 Sq. ft) NIA

• Tenants include Casanova’s Woodfired Pizza, Aprile, Boylesports and Gleeson McGrath Baldwin Solicitors

• Total passing rent €262,000 per annum

• Guide Price €3,100,000 (Net Initial Yield 8.09%)

8,10 & 12 LOWER KILMACUD ROADS T I L L O R G A N , C O . D U B L I N

The Properties

Stillorgan Shopping Centre

N11

Kilmacud Crokes

TransportThe area is well served by public transport with numerous Dublin Bus routes and the N11 Quality Bus Corridor. The Green Luas Line is accessible at the Stillorgan stop.

8,10 & 12 LOWER KILMACUD ROADS T I L L O R G A N , C O . D U B L I N

Stillorgan Shopping Centre RegenerationThe adjacent Stillorgan Shopping Centre is due to be significantly refurbished and upgraded in the next year. The plans include replacing the existing street level canopy system with a glazed canopy and an upgrade to the building façade to improve the visual appearance of the centre. Plans for improvements to the carpark have also been submitted.

8,10 & 12 LOWER KILMACUD ROADS T I L L O R G A N , C O . D U B L I N

8,10 & 12 LOWER KILMACUD ROADS T I L L O R G A N , C O . D U B L I N

DescriptionThe opportunity consists of 3 x mixed use investment buildings extending to approximately 663 Sq. m (7,167 Sq. ft) in total (NIA). The three buildings benefit from excellent footfall and passing trade which is strengthened by the proximity to the Stillorgan Shopping Centre. Each building is arranged over lower ground (storage), ground and first floors. A right of way is provided for from the main road to the rear of the retail parade.

No 8 comprises an end of terrace building extending to approximately 189 Sq.m (2,034 Sq. ft). The property is arranged to provide a ground floor retail unit (terms agreed), with a first floor restaurant (let to Casanova’s Woodfired Pizza).

No 10 comprises a semi-detached building extending to approximately 241 Sq.m (2,594 Sq. ft). The property is arranged to provide a ground floor takeaway (Aprile), with a first floor restaurant (Aprile Italian Restaurant).

No 12 comprises a semi-detached building extending to approximately 236 Sq.m (2,541 Sq. ft). The property is arranged to provide a ground floor bookmakers (Boyle Sports), with first floor offices overhead (Gleeson McGrath Baldwin Solicitors).

All units benefit from independent access.

Tenancy The property is currently producing a total rent of €262,000 p.a.

Casanova’s Wood Fired PizzaCasanova’s Wood Fired Pizza

Unit Floor Tenant/ Use Use Sq. m Sq. ft Passing Rent p.a Lease Terms

No. 8 Ground Terms Agreed Takeaway 75 810 €60,000 10 years (Commencement date to be confirmed)

First Casanova’s Woodfired Pizza Restaurant 113 1224 €18,000 10 years from 1st November 2015

No. 10 Ground G. Aprile Ltd Takeaway 121 1308 €52,000 25 years from 1st January 2013

First Citrus Fresh Ltd Restaurant 119 1286 €30,000 25 years from 1st January 2013

No. 12 Ground Boyle Sports Bookmakers 183 1980 €82,000 25 years from 23rd October 2002

First Gleeson McGrath Baldwin Solicitors Office 52 559 €20,000 35 years from 1st March 1982

663 7,167 €262,000

Aprile Restaurant

PSRA Registration No. 003587

The agents on their own behalf and on behalf of the vendor/lessor of this property, give notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither the agents nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Any representation including descriptions, dimensions, references to condition, permissions or licenses 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 not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness.

Contact

Bryan Garry MRICS MSCSIAssociate Director

T: +353 (0) 1 637 5555E: bryan.garry@qre.ie

Ellen Prenderville MRICS MSCSISenior Surveyor

T: +353 (0) 1 637 5555E: ellen.prenderville@qre.ie

Conor Whelan MRICS MSCSIDirector

T: +353 (0) 1 637 5555E: conor.whelan@qre.ie

SolicitorsAMOSS SolicitorsWarrington House, Mount Street Crescent, Dublin 2

Websiteqre.ie

TitleLong Leasehold

VATAny VAT arising as a result of the transaction will be the responsibility of the purchaser

BER

BER Nos.: Available upon request Energy Performance Indicator: 409.09 kWh/m²/yr 0.79 - 938.55 kWh/m²/yr 2.31

ViewingViewings are strictly to be arranged through the sole selling agent.

Guide Price€3,100,000(Net Initial Yield 8.09%)