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Units 12, 16-19 Balally Shopping Centre

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Blackthorn Drive
D16 A3T1 Dublin
Ref: 597372

  • 11,443 ft²
  • Available on request

Description

Description

Description

Balally Shopping Centre is predominantly a single storey neighbourhood scheme that is anchored by SuperValu, with approximately 13 additional retail units. The shopping centre benefits from
access off Blackthorn Drive and there is ample car parking for customers visiting the scheme.

The supermarket comprises of three units. Units 12 and 19 are both ground floor units that are interconnected to make up the main retail area to the front of the property. Unit 12 comprises of a Post Office and service tills. Unit 19 comprises of the main grocery store with an office, kitchen, storage area and a WC to the rear. Unit 16, 17 & 18 is a separate two storey unit that can be accessed to the rear of the supermarket. The unit is used for ancillary storage purposes.

Location

SuperValu Balally is positioned within a densely populated residential area in South Dublin just 3 minutes’ drive from junction 14 on the M50 motorway and a mere two hundred metres from the Beacon Hotel and Hospital. The supermarket benefits from neighbouring schemes such as Sandyford
Business Park, Stillorgan Business Park and Central Park, where over 22,000 people are currently employed.

The area is well serviced by public transport. The supermarket is only 1 kilometre south of the Kilmacud Luas stop and there is a Dublin Bus stop conveniently located directly in front of the scheme. Amenities such as Queen of Angels Primary School, which has 257 pupils, and the Church of Ascension are located adjacent to the supermarket.

Other occupiers in the shopping centre include Cash & Carry Kitchens, Four Star Pizza, Balally Pharmacy, Romayo’s and Boyle Sports.

Building Energy Rating 

BER: D1
BER No. 800563819
EPI: 996.23

Tenant

SuperValu is Ireland’s leading food retailer and grocery distributors with a 22.8% share of the Irish
Grocery market and they currently have 219 stores nationwide. SuperValu continued to enjoy a
positive trading performance in 2016 with an increase in sales of 2.3% year on year. SuperValu is part of the Musgrave Group, Ireland’s largest grocery and food distributor. The Musgrave Group posted revenues of €4.4billion and a profit after tax of €58.9 million for 2016. The group employs over 35,000
people through their retail brands SuperValu, Centra, Daybreak and their wholesale brand MarketPlace cash and carries. Eskowe Investments Ltd was set up 17 years ago and is 100% owned by the Musgrave Group. Based on the accounts filed for the company to 2nd of Jan 2016 the company has a Vision Net Credit Rating of 100 out of 100 reflecting a ‘Low Trade Risk’.

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Features

Features

Fully occupied. Trading as SuperValuWAULT of 8.5 yearsThe property extends to 11,443 sq. ft. of retail and storagePassing Rent of €263,200 p.a.Secure income with upward only rent reviewsSituated in a densely populated affluent Dublin suburbMusgrave Group has guaranteed Units 12, 16, 17 & 18Musgrave Group posted revenues of €4.4 billion for 2016Guide €3.75 million / 6.71 % net initial yield
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Jacqueline Fitzpatrick
Jacqueline Fitzpatrick