Investments
Ref 119129

Fairgreen Shopping Centre

Barrack Street
Carlow, R93 X825

Available on request
Size248,829 ft² / 23,116 m²

Summary

Investment Opportunity - Fairgreen Shopping centre is a modern scheme in the heart of Carlow town centre.

  • l Primary shopping centre in the heart of Carlow town centre
  • l 23,117 sq.m. (248,829 sq.ft.) across the entire scheme*
  • l Includes 50 retail units and kiosks
  • l 99% occupancy in Phase 1 and 2 (only one vacant kiosk in the main centre)
  • l Passing rent of approximately €2.44m p. a. (NOI of approximately €2.36m p.a.)
  • Cinema which drive strong footfall in the centre. All held by way of long leasehold title reducing vacancy risk within the scheme
  • l 4.02 year WAULT to earliest break/expiry
  • l Large surface car park providing 762 surface car spaces with multiple entrance/exits within the town centre
  • Further development potential with planning granted for Phase 3 providing an additional 3,732 sq. m. (40,170 sq. ft.) of retail accommodation over two floors which could also allow for an additional anchor to the scheme

Description

Fairgreen Shopping centre is a modern scheme in the heart of Carlow town centre. It is the primary retail destination in the town spread across 3 phases and sits on a total site area of approximately 12.96 acres with the benefit of 762 surface car parking spaces.

Building Energy Rating:

BER: B2 - G
BER No's: Available on request
EPI's: Available on request

he scheme is anchored by Tesco, Heatons and IMC Cinemas which are all owner occupied and provide a stable tenancy base across grocery, fashion, convenience and leisure.

In total, there are over 50 retail units (including kiosks) with a total floor area of 23,116 sq m (248,829 sq ft) including anchor units.

Features

  • Car Parking Spaces: 762

Building Energy Rating

Building Energy Rating B2

Location and Transport

The centre is in a prime location in the heart of Carlow town. Fairgreen benefits from its profile and is bounded by roads on three sides, Barrack Street to the west, Staplestown Road to the north and Bridge Street to the east. The centre is highly accessible with vehicular access onto both Barrack Street and Bridge Street.

IT Carlow has received university status and has been renamed to South East Technological University. It comprises Waterford Institute of Technology and IT Carlow. The University campus is a short walk from the centre and enrolls over 10,000 students and employs 850 staff.

Eight rail services operate to Carlow between Dublin Heuston and Waterford on a daily basis Monday to Saturday and four on Sunday. Bus Eireann also operates nine services to Carlow town and Bagenalstown to/from Waterford and Dublin City/Dublin Airport Monday to Saturday.