Various Units (2, 7, 8, 10, 12, 13, 14, 15, 16 and 17) at Barrow Valley Retail Park, Carlow Town

Asking Price: €1,500,000

Property Location

Barrow Valley Retail Park is located to the north eastern side of Carlow Town. Carlow Town is located some 85km south west of Dublin City Centre and is accessed via the M9 Motorway. The subject property is located off the Northern Relief Road, which provides easy access to and from the Town Centre together with the main surrounding arterial routes. The Park benefits from ample frontage onto the Sleaty Road (Northern Relief Road). The immediate area is predominately characterized by residential dwellings and surrounding occupiers include Ford Motors, The Talbot Hotel and The Dome Entertainment Centre. Transport The subject property is accessed off Junction 4 of the M9 motorway via the R448 regional road.

Property Description

• 10 x Retail Warehouse Units • Extending to approximately 100,000 sq.ft. • Units ranging in size from 6,117 sq.ft. to 25,467 sq.ft. • Occupiers include Dunnes Stores, Tyndall Clinic and Pharmacy and Hughie Doyle Furniture • Subject to three tenancies • Approx. 500 surface level car parking spaces • Current rent passing €49,064 per annum • Excellent asset management opportunity • Guide price €1,500,000 (representing a capital value of €15 per sq.ft.)

Property Specification

Barrow Valley Retail Park is an established retail scheme which has traded since 2006. The entire development extends to approximately 200,000 sq.ft., however the subject units comprise approximately 100,000 sq.ft. Typically, each unit is arranged over ground and mezzanine levels. All of the vacant units (with the exception of Unit 17) are in shell and core condition and require fit-out. Over 500 surface car parking spaces are available.

Lease Terms

Meridian Motors occupy Units 15 and 16 by way of two co-terminus leases for a term of 4 years and 9 months from 01.01.2013 (expiry October 2017) for a combined contracted rent of €17,864 per annum. Meridian Motors have an option to purchase for both units occupied by way of side agreement. Unit 8 is occupied by ‘The Ivy Rooms’ by way of an informal tenancy agreement. We are advised that the current rent receivable is €31,200 per annum. Therefore, the total rent receivable at present is €49,064 per annum.

Property Size/Area

Approximately 100,000 sq.ft. with • Units ranging in size from 6,117 sq.ft. to 25,467 sq.ft.

Title

Long Leasehold

VAT

Any VAT arising from the sale will be a matter for the purchaser.

BER Rating

BER Number

Available Upon Request

Energy Performance Indicator

806.71 kWh/m²/yr1.07 - 6289.65 kWh/m²/yr 7.52