Investments
Ref 150708

B&Q

Liffey Valley Retail Park
Dublin, D22 E892

Available on request
Size119,213 ft² / 11,075 m²

Summary

Investment - One of the largest retail warehouses in the country

  • Rental income of approximately €2.02 million per annum (€18.80 psf based on lease area).
  • GIA retail warehouse accommodation of 119,213 sq. ft. (11,075 sq. m.) with surface car parking for approximately 552 spaces.
  • Total site area of approximately 9.26 acres (3.75 hectares).
  • Unexpired term of approximately 4 years
  • Single let to B&Q Limited – covenant of 5A1.
  • B&Q’s flagship store in Ireland and one of the largest retail warehouses in the country.
  • Highly accessible Dublin retail park with immediate access to M50 Motorway.
  • Strong catchment area with 1.6 million people within 30-minute drive time.

Description

Adjacent to Liffey Valley Retail Park, the property is one of the largest retail warehouses in Ireland, comprising 119,213 sq. ft. (GIA), occupied by B&Q with an unexpired term of approximately 4 years.

It is B&Q’s flagship store in Ireland and occupies a total site area of approximately 9.26 acres (3.75 hectares) with the provision of approximately 552 car parking spaces.

The property benefits from exclusivity due to current planning restrictions on the development of retail warehouses of this size. There is a restriction (except under exceptional circumstances) on large-scale single retail warehouse units in excess of 6,000 sq. m. (GIA), therefore placing substantial limitations on the future development of competing retail warehouse units.

The property has LED lighting throughout with occupancy sensors in the office areas, a storage area that opens onto a loading area and a service yard to the rear of the building.


Building Energy Rating:

BER Rating - B2
BER No - 800717415
EPI: 367..68 kWh//m²/yr

Building Energy Rating

Building Energy Rating B2

Location and Transport

Situated approximately 10km west of the city centre, the property benefits from a highly accessible location at the interchange of the M50 motorway (junction 7) and the N4 national primary route.

The N4 links Dublin city with counties Galway and Sligo in the West of Ireland.

While the B&Q store attracts many patrons directly, there is an extremely large retail provision in the vicinity including Liffey Valley Shopping Centre, Liffey Valley Retail Park, Liffey Valley Motor Mall and a large Tesco Extra convenience store.

Liffey Valley Shopping Centre is one of the top shopping centres in Dublin and has benefitted from major investment by its current owner over the last number of years.

This includes the recent development of a new six-bay bus plaza. The plaza will facilitate a 75% increase in bus services to and from the shopping centre and surrounds.

Liffey Valley Retail Park, immediately adjacent to B&Q, is one of the largest retail parks in Dublin extending to over 200,000 Sq Ft.

Occupiers within the retail park include Currys, Sports Direct, Halfords and Maxi Zoo.