A prime high yielding investment property let on a long lease to one of Ireland's leading companies, Applegreen Plc. This is a purpose built modern filling station with shop in a superb position in the centre of the thriving market town of Tullamore, Co. Offaly. It is let on full repairing and insuring terms for 25 years from the 9th of August 2012 until 2037 to Petrogas Group Limited, trading as Applegreen on very favourable terms. The current rent is €95,000 per annum and the next rent review is in 2022. There is a break clause in 2032 and the lease expires in 2037.
Applegreen is a true Irish success story. It was founded in 1991 and has grown in size and profitability every year since. Applegreen has a clear business strategy anchored on three key elements; "low fuel prices always", a "better value always" tailored retail offer and thirdly a strong food and beverage offer offering premium products and services to the customer. Applegreen has over 177 locations in Ireland, 86 sites on the UK and 68 in the USA. Group turnover in the financial year 2107 was €1,428 million and EBITDA was €39.8 million.
Long Lease to one of Ireland's leading companies
Purpose built modern filling station
BER: C1 BER No.800105025
Contact Joint Agents REA Heffernan, High Street, Tullamore, Co Offaly. Ph: 0579324622