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RETAIL INVESTMENT FOR SALE HARBOURSQUARE
CROFTONROADDUNLAOGHAIRE
CO.DUBLIN(tenantsnotaffected)
Prominentretailparade.
Moderndevelopmentextendingtoapprox.832sqm(8,956sqft).
Fullyletto4separateretailtenants,producing€226,000p.a.
WeightedAverageUnexpiredLeaseTermof(WAULT)9.86years.
4carparkingspaces.
PartofDunLaoghaire’sbustlingseafrontleisuredistrict.
KEYFEATURES
OVERVIEWOFPROPERTIES
UNIT1A-MILANO UNIT2-BISTROLEMONDE
UNIT4-UNSPORTSNUTRITIONUNIT3-GOURMETFOODPARLOUR
DunLaoghaire is fortunatewithmajor transport corridors traversing theareanotably the
frequentservicesoftheDunLaoghaireDARTstationandnumerousbusterminiwhichstop
directlyoppositeHarbourSquareonCroftonRoad.Itisapproximately11kilometressouth
ofDublin’scitycentreandhasapopulationof206,261accordingtothe2011census.
Harbour Square is a mixed use development comprising of office, retail, creche and
residentiallaidoutaroundacommonlandscapedcourtyard.ItislocatedadjacenttotheDun
LaoghaireRathdownCountyCouncilofficeandDunLaoghaireDARTstation.
The four ground floor units are situated within the Harbour Square Development which
is located on Crofton Road forming part of Dun Laoghaire’s bustling leisure district
overlookingtheharbour.
TheparadeformspartofaclusterofrestaurantsandbarsincludingNandos,theFortyFoot,
GourmetBurgerKitchen,ITSA,Hartleys,TheHenHouseandInsomniaCoffee.
Theseafronthasbecometheheartoftheactivityforfoodandleisureactivitywithawealth
ofchoicecombinedwithexcellentparkingandpublictransport.
Large office occupiers in the area include Tesco, Dun Laoghaire - Rathdown County
CouncilandBordIascaighMhara(BIM).
LOCATION
HarbourSquareisamodern,contemporarymixedusedevelopmentdesignedbyOMahony
Pikearchitectscompletedin2007.Itconsistsoffivebuildings,builton5/6levels,overa
commontwotierundergroundcarparkaroundagenerouslandscapedplazaarea.
The retail parade is situated at ground
floor level and face onto Crofton Road.
Theupperfloorsareinamixofresidential
andofficeuse.
Each tenant has fitted their units out to
theirownspecification.
DESCRIPTION Unit Tenant Lease Income Sqm
(NIA)
Sqft
(NIA)
Car
Parking
1A AgenbiteLimited
t/aMilano
20yearsfrom
24/11/2008,Break
option23/11/2023
€125,000p.a. 267 2,874 1
2 TravelCafé
Limitedt/aBistro
LeMonde
20yearsfrom
01/09/2012
€50,000p.a. 170 1,830 1
3 GourmetFood
Parlour
10yearsfrom
01/07/2015€30,000p.a. 219 2,357 1
4 UNSports
NutritionLimited5yearsfrom
21/03/2014
€21,000p.a. 176 1,894 1
Total €226,000 832 8,956 4
TENANCIES
Allintendingpurchasersshouldsatisfythemselvesinrelationtofloorareas.
BERUnit 1ABER:C3BERNo:800439283EPI:1,021.02kWh/m2/yr.
Unit 2BER:C1BERNo:800437253EPI:770.08kWh/m2/yr.
Unit 3BER:C2BERNo:800437261EPI:838.95kWh/m2/yr.
Unit 4BER:C3BERNo:800439291EPI:668.65kWh/m2/yr.
VATThepurchaserwillbeliableforanyVAT(ifapplicable)arisingoutofthetransaction.
PRICEIntheregionof€2,750,000representinganetinitialyieldof7.87%.
VIEWINGS/FURTHER INFORMATIONForfurtherinformationortoorganiseaviewingpleasecon-tact:
MariaLennonT:+353(1)6382754E:mlennon@lisney.com
DuncanLysterT:+353(1)6382743E:dlyster@lisney.com
PSRANo:001848
The Agents and the Vendor give note that the particulars and information contained within this Investment Memorandum do not form any part of any offer or contract and are for guidance purposes only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents, or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this Investment Memorandum, intending purchasers or any third party should not rely on these particulars and information contained within as statements of fact, but must satisfy themselves as to the accuracy of details given to them. Lisney nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and Lisney nor its employees shall be liable for any loss suffered by an intending purchaser or any third party arising from the particulars or information contained within this brochure. Prices quoted are exclusive of VAT (unless otherwise state) and all negotiations are conducted on the basis that the purchaser shall be liable for any VAT arising on the transaction.
GROUND FLOOR UNITS
St. Stephen’s Green House, Earlsfort Terrace, Dublin 2T:+35316382700E:dublin@lisney.com
29-33 Montgomery Street, Belfast BT1 4NXT:+442890501501E:property@lisney-belfast.com
1 South Mall, CorkT:+353214275079E:cork@lisney.com
HOWTH
DART
METR
O
CITY CENTRE
BOOTERSTOWN
DALKEY
DUN LAOGHAIRE
FROM BRAY/GREYSTONES
DUBLIN HARBOUR
FROM CORK/LIMERICK
FROM SLIGO/GALWAY
FROM NAVAN/CAVAN
FROM DERRY
DUBLIN AIRPORT
N11N7
N4
N3
M50
N2
M1
HARBOUR SQUAREDUN LAOGHAIRE CO. DUBLIN
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