Charleville Town Centre, CORK For Sale In One or Two Lots CHARLEVILLE TOWN CENTRE, Charleville, Cork LLOYDS PHARMACY, Charleville Town Centre, Charleville, Cork Town Centre Investment Opportunity
The Development 4,265 sqm Scheme 294 sqm Unicare Pharmacy T/A Lloyds Pharmacy with 16 years unexpired 450 car spaces Anchored by Dunnes Stores The Opportunity Current actual rental income 180,000 per annum exclusive Substantial Asset Management Opportunity Significant Reversionary Potential Town Centre Location 40km south of Limerick 60km north of Cork city
Galway Tullamore Location Portlaoise Athy Kildare Naas Newbridge Charleville Town is located on the main Cork/Limerick N20 Road approximately 60km north of Cork city and 40km south of Limerick city with a population of approximately 4,000 (CSO 2011). Charleville Charleville town is serviced with a newly built Primary Care Centre. Dunnes Stores as anchor of Charleville Town Centre with SuperValu, Aldi and Lidl also having a presence in the town. There are 2 no. service/filling stations, 3 no. car show rooms and the 4 Star Charleville Park Hotel. Charleville has four primary and three secondary schools and Kerry Foods are a significant employer in the local and hinterland areas with a food production facility situated on approximately 40 acres on the edge of town. Tralee Killarney Ennis Shannon Thurles Mallow Cork Carrigaline Bandon Nenagh Limerick Charleville Kilkenny Carrick-on-Suir Clonmel Waterford Tramore Dungarvan Youghal Midleton Cobh Carlow Enniscorthy New Ross Wexford
Description The opportunity comprises a substantial purpose built commercial town centre development containing 17 no. retail units ranging from approximately 800 3,165 sq ft, 8 no. office units ranging from approx. 650 2,852 sq ft over ground and first floors, 1 no. first floor crèche extending to approx. 3,100 sqft, pub/ restaurant extending to approx. 4,900 sqft and 1 no. 2 bed duplex apartment of approx. 850 sq ft. 7 of the office units front Bakers Lane and are laid out over ground and first floor with remaining office space and creche unit situated on the first floor with retail units at ground floor level and fronting the pedestrian shopping street. All available units are in shell and core condition. Dunnes Stores, who own their own store, is the anchor in the shopping centre and their premises extends to approx. 5,017 sq m (54,000 sqft), the scheme has 450 carparking spaces accessed from Bakers Lane and has travelators linking all levels of the car park to the retail areas. With the exception of Lloyds Pharmacy and Elverys Sports the scheme is predominately unlet providing significant asset management upside.
SuperValu Kerry Foods Aldi
Tenancy Schedule Unit Tenant Area Sqm Lease Start Lease End Term Years Rent Per Annum Service Charge Per Annum 12 Unicare Pharmacy Ltd., T/A Lloyds Pharmacy 294 13/10/08 12/10/33 25 180,000 9,530 Note: Landlord Service Charge & Insurane Liability 138,470 p.a. excl. (current)
BER Rating Full Building Energy Rating Certificates and Advisory Reports are available on request. Guide Price 1,950,000 for the entire. Offers for the Charleville Town Centre and Unicare investment will be considered as separate lots. Solicitors Sheena Beale. Kane Tuohy Solicitors The Malt House NorthGrand Canal QuayDublin 2 T: 01 6722233 Viewing Viewings are strictly to be arranged through the selling agent. This is an investment sale and as a result tenancies are not affected. Margaret Kelleher Tel: 021-427 5079 Email: mkelleher@lisney.com Mark Kennedy Tel: 021-427 5079 Email: mkennedy@lisney.com Not Available For Sale For identification purposes only. *All boundary outlines are for identification purposes only and are subject to title
Lisney, 1 South Mall, Cork, T12 CCN3 T: 021-427 5079 E: cork@lisney.com These particulars are for guidance only and do not form part of any contract. All statements contained in these particulars as to the property are made without responsibility on the part of the agents or the vendor and none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. Any intending purchasers shall satisfy themselves by inspection or otherwise as to the correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation, nor for the rescission of the contract by either the vendor or the purchaser. They are issued on the understanding that all negotiations will be conducted through this firm. Lisney PSRA: 001848.