Excellent opportunity to acquire a long income investment with an exceptional covenant.
This retail warehouse extends to approximately 5,602 sq. m. (60,296 sq. ft.) GIA.
It has an outdoor garden centre which extends to 1,363 sq. m. (14,674 sq. ft.) GIA.
There are approximately 345 surface car park spaces.
The property is let to Woodie's DIY Ltd. under a 25 year FRI lease from 23rd June 2004 producing an annual rent of €1,922,769 which is subject to 5 yearly upward only rent reviews. The unexpired lease term is c. 12.5 years.
Guaranteed by Grafton Group plc which is ranked number one in Ireland for builders' and plumbers' merchanting and DIY retailing. The group trades from 35 stores nationally under the Woodie's DIY brand.
The property benefits from an excellent profile between the busy Naas Road and New Nangor Road, and is in close proximity to Junction 9 of the M50 interchange. The Red Cow Luas stop is approximately 750 metres away.
The area is characterised by retailers and light industries.
BER rating of B1 to B2.