OUTSTANDING RETAIL INVESTMENT
(Tenant Not Affected)
â€¢ High Profile Town Centre Location
â€¢ Entire Let to the â€œEight to Twelve Limitedâ€, T/A Spar
â€¢ Rent at €115,000 abated to €90,000 per annum
â€¢ Unexpired term of c. 10.5 years
â€¢ Prime Location in the heart of Newbridge Retail District
â€¢ Nearby occupiers including Penneys, AIB, Eir, An Post,
Bank of Ireland and the Whitewater Shopping Centre.
Spar occupies a high profile location on the north side of Edward Street in the heart of Newbridge Town Centre. The immediate surrounding area is predominantly retail/commercial in nature with
nearby occupiers including Penneys (opposite), AIB, An Post, Eir, Bank of Ireland, with the Whitewater Shopping Centre also closeby. Newbridge is a large provincial town only 43 km from Dublin with direct motorway and rail access (30 minutes). The town has experienced rapid growth in terms of both residential and commercial development in recent years and is an important service centre for Co. Kildare, on one of the busiest traffic corridors in the country. Existing employers in the area include Pfizer Ireland, Bord na Mona, Oral-B, The Defence Forces, the Racing and Breeding
The property comprises a two storey over basement mid-terrace building providing for a Convenience Store and ancillary storage/office accommodation. Internally, the ground floor provides for a modern Convenience Store including deli counter and off licence, storage in the basement, with ancillary kitchen (incl. dumb waiter to deli), office, storage and staff facilities at first and second floor. The building is fitted to a high standard with rear access to a shared lane-way and a small storage shed.
The property is let to â€œEight to Twelve Limitedâ€ (t/a Spar) under an assigned 25 year lease from 18th December 2003, with c. 10.5 years unexpired. The contracted rent is €115,000 p.a., which was
abated by agreement for 2018 to €90,000 p.a (excl. VAT). The lease is on a full repairing and insuring basis and provides for upward only rent ...