Tesco Express, Fairview Strand, Fairview

Asking Price: €950,000

Property Location

The property is located in the north Dublin suburb of Fairview. This area is well serviced by local amenities, all of which are within walking distance. The building is highly visible, located fronting Fairview Strand and bounded on either side by Medical Optics and Hillbilly’s takeaway. The Building is located directly across the estuary from East Point Business Park. This location benefits from a high level of footfall and passing traffic as it forms one of the main arterial routes to and from Dublin city centre. The property is situated on the western side of Fairview Strand opposite Fairview Park. Surrounding occupiers include Chopped, Javaholics Coffee Co and Smyths of Fairview.

Property Description

A modern supermarket investment. Located in a prominent position on Fairview Strand. Extending to approximately 348.7 sq. m (3,753 sq. ft). Let to Tesco Ireland Limited t/a Tesco Express for a term 25 years from October 2010. Tenant break options in 2020 and 2025. Passing rent €75,000 per annum Net initial yield 7.5%

Property Specification

Covenant Tesco Ireland Limited is the Irish arm of supermarket group Tesco PLC and controlled 24.5% of the grocery market in Ireland as recently as of Q4 2015. Tesco Ireland is one of the biggest private sector employers in Ireland employing over 14,500 staff across the country in 149 stores.

Title

Freehold

VAT

TBC

BER Rating

BER Number

800227720

Energy Performance Indicator

646.1