SOUTH CENTRAL ROCKBROOK - SANDYFORD, DUBLIN 18 - FOR SALE BY PRIVATE TREATY - TWM
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FOR SALE BY PRIVATE TREATY
Long Income Supermarket Investment
let to Aldi Stores (Ireland) Limited
RETAIL UNITS D1-D4
SOUTH
CENTRAL
ROCKBROOK
SANDYFORD, DUBLIN 18
C1
SOUTH CENTRAL
ROCKBROOK
SANDYFORD, DUBLIN 18
SOUTH CENTRAL ROCKBROOK
INVESTMENT
SUMMARY
Current passing rent
€603,376 p.a.
25 year FRI lease from
October 2011
Tenant break option
October 2029
Lease expiry October 2036
CPI Linked Reviews with
maximum increase of 4%
per annum, next review
October 2021
Modern ground floor unit
extending to 1,879 sq.m
(20,226 sq.ft)
SOUTH CENTRAL ROCKBROOK
100 basement car parking
spaces with travelator and
lift access
Guide price €10.75m,
which reflects
a Net Initial Yield of
5.1% after purchase
costs of 9.96%.
LOCATION COVENANT
Aldi Stores (Ireland) Limited is a
THE 2016 CENSUS wholly owned subsidiary of the
UK parent company, Aldi Stores
RECORDED THE
Ltd. Aldi does not disclose its
sales or profits solely for Ireland.
The groups operating profits
IMMEDIATE AREA for its UK and Irish operations
in 2019 was £291.23 (€338.81)
(KNOWN AS
with sales increasing to
£12.2 (€14.27) billion across
Britain and Ireland.
DUNDRUM-BALALLY) Aldi entered the Irish market
HAVING A in 1999 and currently operate
over 140 stores across Ireland
POPULATION OF 8,014,
with plans to open many more.
According to research
conducted by Kantar Worldpanel
AN INCREASE OF (Dec 2020), Aldi saw sales
increase by 14% to achieve a
NEARLY 14%
12% market share in Ireland.
ON THE PREVIOUSLY
RECORDED CENSUS.
Aldi in Sandyford is located on Blackthorn tram linking the area to Dublin City Centre in
Drive opposite the Sandyford Luas stop and 21 minutes. The area is now firmly one of the
SOUTH CENTRAL ROCKBROOK
forms part of a large residential and retail most sought after suburban office locations
development known as Rockbrook. IRES and very popular with those seeking modern
REIT plc own and manage the Grande Central and flexible apartment living. Sandyford also
apartments and have planning for over 400 serves many established and densely populated
more units adjacent to Rockbrook. Adjoining residential areas such as Stillorgan, Blackrock,
Aldi at ground floor level is the furniture Foxrock, Dundrum, Ballinteer and Goatstown.
showroom EZ Living Interiors and Rationel
Windows & Doors. Aldi is highly accessible by car and by
Luas with the Sandyford Luas Station just
Sandyford is a well-known suburb of Dublin meters from the door. The M50 motorway
just 9kms south of Dublin city centre. access at junction 14 is just 5 minutes’
Sandyford has seen substantial commercial drive from the property, giving easy access
and residential development in recent years, to surrounding areas and increasing the
promoted by the arrival of the Luas light rail catchment population.
DUNDRUM
R112
DUNDRUM STILLORGAN
STILLORGAN
VILLAGE
oad
Barton R Kilmacud Road Lower CENTRE
Dun
dru
mB
ypa
ss
BALALLY
DUNDRUM
TOWN
CENTRE Kilm
acu
d Ro RETAIL UNITS D1-D4
ad
ad U
SOUTH
St. Raphaela’s Ro
ppe
r
CENTRAL
KILMACUD
ROCKBROOK
y
Wa
SANDYFORD, DUBLIN 18
m
ha
ck
Wy
Druma
Ben
rtin Lin
ildu
s Av
enu
e Sti
k Road
STILLORGAN
llor
gan
Ro
ad
SANDYFORD
Ballinteer Road
Car
ma
nha
ll R
oad
Blac
Bla
rn Drive ckt
kthorn Ave
Blacktho hor
nR
oad
Bur
ton
SOUTH CENTRAL ROCKBROOK
Hal
Sandyfor
l Ro
ad
SANDYFORD
Tor
d Road
qu
ay
Ro
ad
M50 Road
CENTRAL PARK
stown
Leopard
LEOPARDSTOWN
RACECOURSE
APPROXIMATE TRAVEL TIMES 5 MINUTES WALK
TO STILLORGAN LUAS STOP
20 MINUTES
Ki
TO DUBLIN CITY CENTRE
lgo
bb
25 MINUTES
TO DUBLIN CITY CENTRE
25 MINUTES DRIVE
TO DUBLIN AIRPORT
5 MINUTES DRIVE
TO M50 MOTORWAY
in M50
Ro
ad
Blackglen Road
ESB NETWORKS TOYOTA SANDYFORD DRUMMARTIN LINK ROAD
BRACKEN ROAD
M50 BEACON HOSPITAL
AUDI CENTRE
M50 JUNCTION 14 Q HOUSE
SPIRIT VOLVO
TERMINI OFFICES
NOVA ATRIA OFFICES
BEACON SOUTH QUARTER
RETAIL UNITS D1-D4
SOUTH
CENTRAL
ROCKBROOK
SANDYFORD, DUBLIN 18 E
IV
DR
N
ORH
KT
SOUTH CENTRAL ROCKBROOK
AC
BL
BLACKTH
ORN DRIV
E
AD
RO
A’S
EL
HA
AP
.R
ST
BENILD
US AVE
NUE
DESCRIPTION
Aldi forms part of the very substantial
Rockbrook mixed use development in
Sandyford, Dublin 18. The development
which began in 2007 consists of hundreds
of apartments, an incomplete office
building and a number of retail units, the
Aldi store being the key commercial
element of this major development.
The site is strategically located between
the Stillorgan Luas station and the
Beacon South Quarter retail/apartment
complex, anchored by Dunnes Stores
and the Beacon Hospital.
The Aldi store has extensive frontage
to the main ring road within Sandyford
Business District, customers have access
to 100 basement car spaces with lift,
stairs, and travelator access.
Irish Residential Properties REIT has
Tenancy
been granted planning permission by
An Bord Pleanála to build an additional
428 apartments at Rockbrook,
immediately adjacent to the Aldi store. Let to Aldi Stores (Ireland) Limited on a 25 year FRI lease with CPI reviews.
The permission was granted through the
Strategic Housing Development (SHD) Tenant Lease Lease Lease End Break Date Break Next RR RR Method Contracted
planning process following extensive Start Term Years Notice Date Rent p.a.
engagement with Dun Laoghaire Aldi Stores (Ireland) 11.10.2011 25 10.10.2036 10.10.2029 12 months 11.10.2021 CPI-compounded annually, €603,376
SOUTH CENTRAL ROCKBROOK
Rathdown County Council. Limited subject to max increase of 4%
The development will be made up of
two apartment blocks containing 32
studio apartments, 122 one-bedroom
apartments, 251 two-bedroom apartments,
Accomodation
and 23 three-bedroom apartments. Sqm Sq.ft.
Accomodation (as per lease plan)* 1,879 20,226
In addition, there will be a crèche,
four retail units, and a communal space *Please note our client is not providing a mesured survey and does not warrant these floor areas.
for residents. All intending purchasers must satisfy themselves as to the accuracy of floor areas.
SOUTH CENTRAL ROCKBROOK
TENURE CONTACT
Long leasehold title.
PROPOSAL Patricia Ward
Guide price €10.75m which reflects a net initial yield of 5.1% assuming standard E: patricia@twmproperty.ie
purchasers’ costs of 9.96%. T: +353 1 676 6566
VAT
The sale of the property subject to letting may be covered by Transfer of Business Ryan Tyrrell
relief depending on the VAT status of the purchaser. In the event the conditions for E: ryan@twmproperty.ie
the application of Transfer of Business relief are not satisfied it is likely that the T: +353 1 611 0328
vendor will require that the purchaser agrees to enter into the Joint Option to Tax.
SOLICITOR
4-5 Dawson Street, Dublin 2,
Joan Maclean D02 FH72
Partner
T: + 353 1 676 6566
AMOSS Solicitors,
Warrington House, Mount Street Crescent,
www.twmproperty.ie
Dublin 2, D02 R256 PSRA No: 001835
SOUTH CENTRAL ROCKBROOK
E: jmaclean@AMOSS.ie
C1 Certificate and Advisory Report available on request.
TWM for themselves and for the vendor/lessor of the property whose agents they are, give notice that: 1. These particulars do not constitute an offer or contract or any part
thereof and none of the statements contained in the particulars as to the property are to be relied on as a statement or representation of fact. 2. The vendor does not make or
give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions, references to condition and
necessary permission for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them
as statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency
between these particulars and the contract of sale, the latter shall prevail. 5. VAT may be payable on the purchase price.
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