INVESTMENT HIGHLIGHTS
Gross initial yield c. 8.75%
Purpose Built Town Centre Investment
Excellent Tenant Mix
Almost 100% occupancy
Total Passing Rent of €526,130.00 per annum
c. 40 Surface Car Parking Spaces
LOCATION
This mixed-use investment portfolio in north Dublin could not be better located fronting directly on to the Main Street in Rush town centre. This location is the busiest part of the town centre, experiencing the highest levels of footfall & vehicular traffic whilst the property adjoins a small public pocket park and benefits from huge visibility with a high street profile.
DESCRIPTION
46-52 Main Street Upper comprises a modern destination neighbourhood downtown centre incorporating a mix of retail, grocery, residential apartments and offices. The Neighbourhood Centre benefits from an excellent tenant mix of commercial and residential with a focus on daily shopping uses that drives strong footfall and serves the local community.
The Centre extends to approximately 2,858 sq. m. (30,764 sq. ft.) and benefits from a large surface level car park that provides convenient access from Echlin Court as well as parking and general footfall on the Main Street itself. The property boasts almost 100% occupancy.
Cedarglade Ltd Supervalu Rush
SuperValu is a highly successful supermarket chain that operates throughout Ireland. Each SuperValu is either independently run through a franchise agreement or centrally run through Musgraves, with each owner using the SuperValu format and selling the chain’s own brand products. This SuperValu’s lease is guaranteed by Musgraves.
Bright Beginners Creche
Long established operator 18+ years in this town centre location – a great stand on the Main Street with easy access for children in a town with a fast expanding, young, population.
Boyle Sports
BoyleSports Bookmakers is Ireland’s largest and most successful independent bookies with over 250 shops in Ireland.
Boylan Butchers
A long-established specialist family butchers run by two locals with an excellent reputation and a formidable trade.
Other Commercial Space
This caters for a variety of always in demand small scale business users from office occupiers to personal treatment rooms. Additionally, income also accrues from an independent ATM machine and a communications mast.
BER:
BER ratings range from D2 - B3