SKERRIES POINT SHOPPING CENTRE - Kelly's Bay Parade, Skerries, Co Dublin
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SKERRIES POINT
SHOPPING CENTRE
Kelly’s Bay Parade, Skerries, Co Dublin
Modern Mixed-Use Investment Opportunity
For Sale by Private Treaty
INVESTMENT SUMMARY • Modern purpose built neighborhood scheme • Multi-let with tenants including Eurospar, Boylesports, Well Fit Health and Fitness, Vets First, Kellys Bay Montessori amongst others • Situated beside Skerries largest residential cluster Kelly’s Bay and Skerries Educate Together School • Current rent of approximately €335,408 per annum • Weighted average unexpired lease term of 6.5 years • Extending to approx. 6,380 sq m (68.682 sq ft) GIA • 200 surface and basement car parking spaces • Opportunities to increase rental income through letting of vacant space • Tenants not affected
Town Realt Na Skerries Dublin/
LOCATION Centre Mara Primary Community Belfast
School School Train Line
Skerries Point Shopping Centre is located in the fast-growing
sea side town of Skerries. Close to Skerries town centre, the
development provides an alternative location to shop in a
non-congested area with over 200 free car parking spaces.
It is situated beside Skerries largest residential cluster Kelly’s Bay
and Skerries Educate Together School. Barnageeragh Cove, a
new housing development, will result in a 100 new homes
Skerries Proposed
being developed adjacent to the centre in 2017. There is a
Balbriggan Educate Together Link Road to
new link road which runs past the centre, which in time will
Road National Balbriggan
connect the area to the Balbriggan Road.
School
Skerries is located 27km north of Dublin City Centre.
Skerries is well serviced in terms of transport networks and
is located off the M1 Motorway. The M1 Motorway is adjacent
to the Dublin/Belfast line which takes approx. 40 minutes
to reach Dublin City Centre. Skerries is also serviced by
Skerries Train Station and the no. 33 Dublin Bus.
Future Future
Barnageeragh Development Development
Cove
DESCRIPTION Modern purpose built neighborhood scheme built in 2007. The two storey property extends to 6,380 sq. m (68.682 sq. ft.) GIA. It is anchored by Eurospar and includes tenants such as Boylesports, Well Fit Health and Fitness, Vets First, Kellys Bay Montessori. The property also benefits from 200 surface and basement car parking spaces. The property also contains two masts that are let to Meteor and Vodafone. There is approx. 3,665 sq. m (39,436 sq. ft.) of vacant space which is in shell and core and suitable for a variety of uses, subject to planning permission.
TENANCY SCHEDULE
GIA Area
Use Tenant Term Lease Start Lease End Break Date Lease Rent Comments
(sq ft)
Triode Newhill Skerries
Anchor 15,213 20 years 01/11/2014 31/10/2034 01/11/2022 €110,000 Rent plus 3% of Gross Turnover
Ltd
The rent increases to €13,000 in year 4
Creche Kellys Bay Montessori 1,048 5 years 14/01/2013 14/01/2018 €13,000
and €15,000 year 5
Creche Vacant 1,519
Creche Vacant 3,746
Public House Vacant 11,399
Medical Centre Vacant 3,509
Melissa Crowley T/A
1 - Beauty Serendipity Beauty 1,087 10 years 01/02/2016 31/01/2026 01/02/2021 €12,000
Rooms
Xhemajl Abdullahu T/A 4 year 9 The rent increases to €17,000 in year 2,
2 - Take Away 1,636 08/05/2014 07/02/2019 08/11/2015 €18,000
Mario’s Takeaway month €18,000 in year 3 and €19,000 in year 4
The rent increases to €26,000 in the
3 - Pharmacy Med F Ltd 1,513 10 years 20/10/2014 19/10/2024 20/10/2017 €22,000
year 3
3A - Retail Vacant 1,245
4 - Retail Vacant 1,378
The rent increases to €22,000 in year 4
5 - Vets Clinic Vets First 2,314 25 years 19/06/2014 18/06/2039 19/06/2021 €20,000
and €24,000 in year 5.
6 - Bookmakers Boylesport Ltd. 1,862 20 years 30/06/2008 29/06/2028 €97,200
7 - Retail Vacant 1,851
The rent increases to €22,007.93 in year
9 - Gym Well Fit - Gym 5,658 10 years 09/01/2013 08/01/2023 09/01/2019 €22,008
4 and €24,026.65 year 5.
10 - Retail Vacant 1,324
Commercial 1 Vacant 3,606
Commercial 2 Vacant 4,887
Commercial 3 Vacant 3,886
Meteor Mobile
Mast - 5 years 22/10/2014 21/10/2019 €13,200
Communications
Vodafone Ireland
Mast - 9 years 01/06/2016 31/05/2025 €8,000
Limited
68,682 €335,408
Interested parties should satisfy themselves as to the accuracy of the above floor areas
FURTHER INFORMATION Planning A five year extension of planning permission was secured on 27 November 2014 (reg ref F09A/0057) for a new 2 storey restaurant and 11 car parking spaces. Zoning Zoned “LC” local centre to protect, provide for and/or improve local centre facilities. Viewings All viewings are strictly by appointment through the sole selling agent. BER Rating Title Freehold
SOLE SELLING AGENT
Savills, 33 Molesworth Street, Dublin 2
01 618 1300 | savills.ie
PRSA No: 002233
Marguerite Boyle
+353 (0) 1 618 1334
marguerite.boyle@savills.ie
Leona Mullen
+353 (0) 1 618 1762
leona.mullen@savills.ie
Solicitors
Andrew Crean – Lynch Solicitors
21 Fitzwilliam Place, Dublin 2, Ireland
T: +353 (0) 1 662 5719
Savills Ireland and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions,
dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans
are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure, intending purchasers, Lessees or any third party should not rely on particulars and information contained
in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Savills Ireland nor any of its employees have any authority to make or give any representation or warranty
(express or implied) in relation to the property, and neither Savills Ireland nor any of its employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/Lessees or any third party arising
from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for
any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance
Survey Ireland Licence No AU 001799 © Government of Ireland.
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