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  7. Units 12, 16-19, Balally Shopping Centre, Blackthorn Drive, Sandyford, Dublin 16

POA

Refreshed on:30/08/2017

Units 12, 16-19, Balally Shopping Centre, Blackthorn Drive, Sandyford, Dublin 16

Investment Property 11443 ft2 Energy Rating


Description

Balally Shopping Centre is predominantly a single storey neighbourhood scheme that is anchored by SuperValu, with approximately 13 additional retail units. The shopping centre benefits from access off Blackthorn Drive and there is ample car parking for customers visiting the scheme.

The supermarket comprises of three units. Units 12 and 19 are both ground floor units that are interconnected to make up the main retail area to the front of the property. Unit 12 comprises of a Post Office and service tills. Unit 19 comprises of the main grocery store with an office, kitchen, storage area and a WC to the rear. Unit 16, 17 & 18 is a separate two storey unit that can be accessed to the rear of the supermarket. The unit is used for ancillary storage purposes.

Features

Fully occupied. Trading as SuperValu
WAULT of 8.5 years
The property extends to 11,443 sq. ft. of retail and storage
Passing Rent of €263,200 p.a.
Secure income with upward only rent reviews
Situated in a densely populated affluent Dublin suburb
Musgrave Group has guaranteed Units 12, 16, 17 & 18
Musgrave Group posted revenues of €4.4 billion for 2016
Guide €3.75 million / 6.71 % net initial yield

BER Details

BER: D1 BER No.800563819

Directions

SuperValu Balally is positioned within a densely populated residential area in South Dublin just 3 minutes’ drive from junction 14 on the M50 motorway and a mere two hundred metres from the Beacon Hotel and Hospital. The supermarket benefits from neighbouring schemes such as Sandyford Business Park, Stillorgan Business Park and Central Park, where over 22,000 people are currently employed.

The area is well serviced by public transport.The supermarket is on ...

JLL

Styne House, Upper Hatch Street, Dublin 2

Tel: 01 673 1600

PSRA Licence No.  002273

Jacqueline Fitzpatrick Capital Markets




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