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€4,400,000

Refreshed on:15/09/2017

Arcadia Retail Park & Neighbourhood Centre, Athlone

Investment Property 8094.9 m2


Description

Savills is pleased to present this regional investment opportunity to the market.
Arcadia Retail Park and Neighbourhood Centre is a modern retail park anchored by B&Q and Applegreen Filling Station, extending to approx. 8,095 sq. m. (87,133 sq. ft.).
The scheme comprises two retail warehouse units, one petrol filling station and 10 office / retail units in a neighbourhood scheme. The park is well located on the outskirts of Athlone town and is generating a gross rent of approx. €387,373 per annum.
Tenants not affected.

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Arcadia Retail Park and Neighbourhood Centre is a well located retail park, located on the outskirts of Athlone town, Co. Westmeath. Generating a gross rent of approx. €387,373 per annum with a WAULT of 4.6 years, the scheme comprises two retail warehouse units, one petrol filling station and 10 office / retail units in a neighbourhood scheme.

The units that form the subject sale extend to approximately 8,094.9 sq m (87,133 sq ft) on a site area of approx. 3.8 hectares (9.4 acres). The wider scheme comprises 7 modern, purpose built retail warehouse units (4 held long leasehold), a petrol filling station and a neighbourhood centre of 7 ground floor retail units and 3 upper floor office suites. The scheme benefits from an abundance of surface parking with over 500 car spaces.

The property is located directly off the N6; one of the main arterial routes connecting Dublin to Galway. The park occupies a high profile situation approx. 0.3 kms from the centre of Athlone town.

Savills Commercial Investments

33 Molesworth Street Dublin 2

Tel: +353 (0) 1 618 1300


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€4,400,000
€4,400,000
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