Dublin Street Balbriggan, Co. Dublin - RETAIL INVESTMENT OPPORTUNITY - Savills
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Dublin Street
Balbriggan, Co. Dublin
R E TA I L I N V E S T M E N T O P P O R T U N I T Y
FOR SALE BY PRIVATE TREATY (TENANT NOT AFFECTED)
Malin
Ballyliffen
Culdaff
24/26
Portsalon Greencastle
Dublin Street
Carndonagh A2
Portstewart Ballycastle
Dunfanaghy Moville
Portrush
Gortahork
N56
Balbriggan, Co. Dublin Coleraine Cushendun
INGT
ON LANE
R
Buncrana A2 A2 FLEM
Milford
13
Cushendall
An Bun Beag (Bunbeg) Rathmullen Ballymoney
2
Gaoth Dobhair Limavaddy
N56 NE
(Gweedore) LA
A29 Carnlough ET
N13 ML
HA
D
Ailt an Chorráin An Clochán Liath Letterkenny Derry
R
O
(Burtonport) (Dungloe) Kilrea
Investment Summary
G
Dungiven A2
H
ED
N14 A5 Larne
N56
N56 Ballymena
A
A6 IS E
Stranorlar Lifford E R
ST
Glenties TH Dunnes
Whitehead
CAST L E MIL L
Strabane
R
N15 Stores
Busy bank branch located in a popular satellite town of Dublin with a very attractive
E
Ballybofey
E
Ballyclare
T
Cille
Ardara M2 BALLBRIGGAN Balbriggan Station
ille) WAULT of 14.5 N15
years Newtownstewart Magherafelt
Antrim
Carrickfergus
HA
Balbriggan Omniplex
Kilcar
LIN
re Cookstown Bangor Community Cinema D
RR
A5
N56 Donegal A26
AD R OA
K R
A505 College AY
O
The property extends to approximately 727 sq m (7,826 sq ft). The original bank branch
Belfast L R QU
Y R
Donaghadee PE
O
Killybegs
HA SE
AD
Omagh A29 C Bracken A
underwent a modern redevelopment on a phased basis in 2007/2008. Newtownards
EY
P
Rossnowlagh Court Hotel
O
A32 D Subject Property IN
NO
N15 Dungannon A26 R OA T
Ballyshannon Lisburn RD
Irvinestown NA
LD
Bundoran Dromore A5 A4
M1
Hillsborough C LO Tesco Extra
Let to The Governor and Company of the Bank Aughnacloy
of Ireland on two coterminus Lurgan FRI leases from
S R
ET
Mullaghmore
Beleek
RE
A32 Portadown 22
O
April 2008 and July 2009 respectively, producing a total passing
N15 rent of €432,456
A1
per annum R1
OLD M
ARKE
IN ST
Portaferry
AD
T GREEN
A3 Tandragee Ballinahinch
Grange Enniskillen Lidl
Banbridge Downpatrick
DUBL
Drumcliff Emyvale Armagh
Manorhamilton
Strandhill Both leasesN16are reviewed
A4 on an upward
A4
only basis andA3benefit from the
A1 higher of either
est
open
Sligo market
Dromahair rent or 15% fixed uplifts Monaghan Keady A28 Newcastle
Derrylin N54
N54 Clones
Collooney Swanlinbar N2 Newry
N17
Car parking on site for 31 cars Ballyconnell
Belturbet Castleblayney Warrenpoint
N4 Castlebaldwin A1
y Kilkeel
Ballymote Ballinamore N3 Iniskeen Carlingford
Freehold interest
Drumshanbo
Cootehill
Shercock Dundalk
Boyle Cavan M1
Charlestown Carrickmacross
Carrick-on-Shannon N52
Location
N5 N3
Ardee To Belfast
N55
Virginia Dunleer
k Strokestown M1
N2
The Castlerea
property occupies
N5 a high-profile location
Granard
allyhaunis Drogheda
on the main retail thoroughfare on Balbriggan’s
BALBRIGGAN
Longford Kells N3
DublinN60
Street. Balbriggan is the most
Lanesborough Navan
northerly town in Fingal and has experienced
5
N83 Roscommon
N5
N4
a population boom in the last 15 years with Athboy
the 2016N63census stating
N61
an increase of 8% in
Mullingar
Trim N2 M1
Rush
am
population to just under 22,000
Mount Bellew
N55 people since N3 Dublin
Airport
N4
Kinnegad Swords
N63
the 2011 census. The town is designated a
‘Large Growth Town’ under the Fingal County
Athlone M4 Maynooth
2
N5
Council Development Plan 2017-2023. N6
M50
Howth
Ballinasloe
Kilbeggan
Clane
DUBLIN
Athenry
Balbriggan
N6 has a €20m ‘Our Balbriggan’
Tullamore plan Dun Laoghaire
Clonmacnoise
in place to transform the large town 2
into the N7
Tallaght
N5
‘envyKilreekill
of the county’ including a new harbour, Portarlington
Newbridge Naas Bray
new greenway, public Banagher
Loughrea spaces and amenities. A Blessington Greystones
N66
totalPortumna
of €50m is due to be spent on the town, Kildare
Birr
inclusive of the aforementioned sum, when a M11
free Wifi scheme Portlaoise
Terryglass N62 capital investment
and other
ort
Glendalough
N9 Wicklow
initiatives are included.Roscrea
Mountshannon N52 Rathdrum
Scarriff Dromineer Abbeyleix Baltinglass N11
N7
Avoca
Nenagh Durrow
8
24/26 Dublin Street Balbriggan, Co. Dublin
Property Overview
The property is a modern development situated
on a prominent site on Dublin Street. The
property was redeveloped on a phased basis and
completed in 2007/2008.
The retail banking hall is situated at the front of
the building. To the rear of the building is a staff
canteen, office and ancillary accommodation.
Internally the property is finished to a very high
standard, with recessed lighting, suspended
ceilings, air conditioning, painted and plastered
walls and a mix of tiles and carpet floors.
Ample secure car parking is also provided as the
property benefits from 31 marked car parking
spaces located at the rear of the property,
demised under the leases.
Accommodation Schedule
We have set out below the GIA area of the property:
24/26 Dublin Street Floor Area (sq m) Area (sq ft)
Total Ground 727 7,826
Car Spaces 31
(All parties are specifically advised to satisfy themselves as to the accuracy
of the area schedule provided).
24/26 Dublin Street Balbriggan, Co. Dublin
Tenancy Title Guide Price
The property is currently producing a total passing rent of €403,864 per annum with approximately 14.5 years to expiry. Freehold. €6,650,000
24 Dublin Street is due a fixed uplift of 15% resulting in a rent of €432,456 from 21 July 2019. (subject to contract).
Tenant Demise Term Commencement Expiry Car Next Annual
(Years) Date Date Spaces Review Rent
BER Rating VAT
The Governor and 24 Dublin Street, 25 21 July 20 July 16 21 July €190,612
Company of the Balbriggan 2009 2034 2019 C1-G VAT exclusive and subject to
Bank of Ireland transfer of business relief.
The Governor and 26 Dublin Street, 25 29 April 28 April 15 29 April €213,252
Company of the
Bank of Ireland
Balbriggan 2008 2033 2023
Selling Agent Solicitor
Byrne Wallace
88 Harcourt
Street
Dublin 2
Savills
Viewings
33 Molesworth Street,
Dublin 2 Viewings are strictly by
www.savills.ie appointment through
PSRA No.: 002233 the selling agent, Savills.
Darragh Doyle
E: darragh.doyle@savills.ie
T: +353 (0) 1 618 1341
Shane Corby
E: shane.corby@savills.ie
T: +353 (0) 1 618 1450
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. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland. Designed and produced by Creativeworld Tel: +44 (0)1282 858200
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