A ARCADIA RETAIL PARK - NEIGHBOURHOOD CENTRE
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A
ARCADIA RETAIL PARK
& NEIGHBOURHOOD CENTRE
ATHLONE, CO WESTMEATH
FOR SALE BY PRIVATE TREATY
(TENANTS NOT AFFECTED)
INVESTMENT SUMMARY
MODERN Extending to approx. 2 1 10
RETAIL PARK 8,094.9 sq m Retail Petrol filling Retail/office units
and neighbourhood centre (87,133 sq ft) warehouse units station in a neighbourhood
scheme
WELL LOCATED Gross rent of 47% OF THE TOTAL Opportunities to further
on the outskirts of Athlone approximately INCOME INCREASE
town close to the busy Dublin €387,373 from Applegreen Filling RENTAL INCOME
to Galway N6 route per annum Station. Other occupiers through letting of remaining
include B&Q and Paddy Power vacant space
For the avoidance of doubt please note this is a property investment sale and the tenants are not affected
On the instruction of Paul McCann, Receiver, Grant Thornton
Arcadia Retail Park and Neighbourhood Centre is located directly off the N6; which is one of the main arterial routes connecting Dublin to Galway and the west.
For illustrative purposes only
Please note the subject sale comprises the estate as outlined in red with the exception of the retail warehouse units 2, 4A & 4B and 5 of the park, which are held under separate
long leaseholds and do not form part of the sale.
N6
A
GOLDEN ISLAND SHOPPING CENTRE
ATHLONE TOWN CENTRE RIVER SHANNON
ATHLONE TRAIN STATION
RADISSON BLU HOTEL
DUNNES STORES
LISB
ARMAGH
LOCATION
SLIGO
NEWRY
Arcadia Retail Park and
Neighbourhood Centre is
located directly off the N6; CAVAN
which is one of the main DUNDALK
arterial routes connecting
Dublin to Galway and the
west. The park occupies
LONGFORD
a high profile situation DROGHEDA
approximately 0.3 kms ROSCOMMON
from the centre of Athlone High profile occupiers that have chosen to set up in
town. Athlone include; Elan, Interteck Bioclin Laboratories,
Ericsson, Covidien and a number of state and ATHLONE
Athlone is the commercial semi-state originations such as IDA Ireland, the M4
and industrial capital of the Department of Education and Science and An Post.
DUBLIN
Midlands Region with an
GALWAY M6
TULLAMORE
urban population of 21,349 Athlone town is a ‘gateway location’ and is home
(2016 Census) and a wider to the main third level regional institute for the NEWBRIDGE
catchment population of Midlands; Athlone Institute of Technology comprising
approximately 155,000. approximately 6,200 full and part time students.
A
M18
M7
LIMERICK
TIPPERARY
WEXFORD
CLONMEL
WATERFORD
MALLOW
SBURN
LOCATION
A
N6 N55
N61
N6
R915 N6
Riv
Athlone
er
Station
Sh
an
Radisson Blu Hotel
no
n
Athlone Town Cetnre
Athlone
Athlone
Institute of
Technology
THE PROPERTY Arcadia Retail Park and Neighbourhood Centre was developed in 2005. The units that form the subject sale extend to approximately 8,094.9 sq m (87,133 sq ft) on a site area of approx. 3.8 hectares (9.4 acres). The wider scheme comprises 7 modern, purpose built retail warehouse units (4 held long leasehold), a petrol filling station and a neighbourhood centre of 7 ground floor retail units and 3 upper floor office suites. The scheme benefits from an abundance of surface parking with over 500 car spaces.
A
SITE MAP
RW 1
OAD
GARDEN
CENTRE
RW 2
ASS R
RW 3
DERP
N
ST UN
N WE
SA
COO
CAR WASH
RETAIL
7
RETAIL
6
CANOPY
D
OA
R
NT
RESTAURANT
RETAIL RETAIL
5 4 RETAIL
RETAIL RETAIL 1
RW 4
I
3 CONVENIENCE
PO
2
STORE
N
SA
OO
Estate Boundary
DC
RW 5
Neighbourhood Centre
OL
ONE Retail Warehouse Units
MILE
ROU
ND R
OAD (included)
Car Parking
For Illustrative Purposes OnlyTENANCY SCHEDULE
Arcadia Retail Park and Neighbourhood Centre is currently multi-let with a contracted rent of €431,373 per annum
and a current gross receivable rent of €387,373 per annum and has a wault of approximately 4.6 years.
Rent Review
Floor Area (sq Floor Area Lease Expiry Next Tenant Contracted Rent
Unit No. Trading As Lease Start Date Date (Next /
ft) (sq m) Date Break Option Per Annum
Outstanding)
RW1 B&Q 4,822.8 51,912 21/07/2005 21/07/2025 21/07/2020 21/01/2021 €109,863*
RW3 Vacant 779.7 8,393
NC1 Applegreen Petrol Station 432.2 4,652 01/06/2007 31/05/2032 31/05/2017 01/06/2022 €180,000
NC2 Vacant 88.5 953
NC3 Marios Takeaway 102.1 1,099 01/01/2010 31/12/2034 01/01/2020 01/01/2020 €37,000
NC4 Yan Lu 108.8 1,171 01/01/2011 31/12/2034 31/12/2020 31/12/2020 €25,000
NC5 Vacant 102.0 1,098
NC6 Cooneys Pharmacy 83.3 897 01/06/2016 25/04/2033 24/04/2018 31/12/2020 €20,000
NC7 Paddy Power 84.4 909 26/11/2007 25/11/2027 25/11/2017 €39,510
NC8 Vacant Restaurant 248.0 2,669
NC9 Vacant Office 602.9 6,490
NC10 Vacant Office / Retail 433.1 4,662
NC10 Letting Agreed 207.0 2,228 €7,500
Roof Mast Meteor 02/11/2009 01/10/2014 €12,500
8,094.9 87,133 €431,373
The Current Gross Rent Receivable is €387,373 per annum
* B&Q rent is based on a turnover basis
**Further details of the letting of NC10 are available in the dataroom.
Please note the above GIA floor areas are provided for indicative purposes only.VIEWINGS CONTACT
All viewings are strictly by appointment through
the sole selling agent. Selling Agent
Savills
PRICING 33 Molesworth Street
On application. Dublin 2
BER RATINGS Roisin Rafferty Kevin McMahon
+353 (0) 1 6181431 +353 (0) 1 6181328
Roisin.Rafferty@savills.ie Kevin.McMahon@savills.ie
PSRA No. 002233-006132 PSRA No. 002233-003024
TITLE
Freehold and Leasehold Registered Titles
DATAROOM SOLICITOR
https://sites.savills.com/arcadiaretailpark
Mason Hayes & Curran
South Bank House
Barrow Street
Dublin 4
Adam Hogg
+353 (0) 1 6145000
ahogg@mhc.ie
Jonathan O'Mahony
+353 (0) 1 6145000
jomahony@mhc.ie
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. Neither 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.
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