2. PROPERTY CONSULTANTS
INVESTMENT OPPORTUNITY
Coldwell Banker Commercial has For Sale a portfolio of retail properties located in Dublin.
This excellent investment opportunity comprises of ten tenancy agreements, most with long
term leases in place, with strong covenants which are mainly wholly owned subsidiaries of
the Retail/BWG Group. Retail franchisees are the main operators of the retail properties.
The properties for sale are as follows;
■ Unit E1/E4 Millennium Walkway, Jervis St., Dublin 1
■ 23/24 Ground Floor Sandymount Green, Dublin 4
■ Units 120/122 Lower Kilmacud Road, Stillorgan
■ Retail Main Street, Shankill, Co. Dublin
■ Units 1, 2 & 3 Goldstone Court, Clogher Road, Dublin 12
■ Total Floor area 1926m2
■ Guide Price €12M
■ Passing Income €906,000 PA
■ Expected Income When Fully Occupied €937,000 PA
■ Net Initial Yield 7.2% Increasing to 7.5%
(Including Standard Purchase Costs of 4.46%)
3. Units E1 & E4 Millennium Walkway, Jervis St, Dublin 1 plus associated parking x 8 spaces.
■ High profile ground floor unit.
■ 556 Sq. Mtr. / 5982 Sq. Ft.
■ Located on one of Dublin’s busiest streets adjacent to the Jervis Street LUAS Stop and
Shopping Centre.
UNIT E1/E4 MILLENNIUM
WALKWAY, JERVIS ST., DUBLIN 1
TENANT TERM START DATE END DATE LEASE RENT
PASSING
RENT
EXPECTED
RENT
SIZE GUARANTOR REVIEWS
Unit E1
Bofh Holdings Ltd.
20 yrs 01/02/05 01/02/25 €377,768.40 €355,730.00 N/A 500
Martin Bates,
Patrick Halligan
and David
O’Farrell
Every 5 yrs
Upward Only
Unit E4
Astenbond Ltd
20 yrs 15/09/2006 15/09/26 €50,000 €20,000 €20,000 56 Newhill Ltd
Every 5 yrs
Upward Only
Parking Spaces
Various
N/A N/A N/A €13,200 €13,200 €13,200 N/A N/A N/A
4. 23/24 GROUND FLOOR
SANDYMOUNT GREEN, DUBLIN 4
TENANT TERM START DATE END DATE LEASE RENT
PASSING
RENT
EXPECTED
RENT
SIZE
M2
GUARANTOR REVIEWS
23 Ground Floor
Sancroft Ltd.
25 yrs 17/10/06 17/10/31 €75,000 €75,000 N/A 231
Wholly Owed
Subsidary BWG
Every 5 yrs
Upward Only
24 Ground Floor
Eight to Twelve Ltd.
35 yrs 10/10/88 10/10/23 €90,000 €80,000 N/A 210
Wholly Owed
Subsidary BWG
Every 5 yrs
Upward Only
First Floor
Indie Spice
Restaurants Ltd.
25 yrs 01/06/10 01/06/35 €55,000 €55,000 €55,000 40
Mustaq Arif,
Khandaker
Azad and Tariq
Salahuddin
Every 5 yrs
23/24 Mobile
Phone Mast
Vodafone Ireland Ltd
10 yrs
(expired)
01/06/05 01/06/15 €13,500 €13,500 €13,500 N/A N/A N/A
23/24 Ground Floor Sandymount Green, Dublin 4
23/24 Sandymount Green, Dublin 4.
■ High profile pivotal building over two floors.
■ 481 Sq. Mtr. / 5175 Sq. Ft.
■ Located in the heart of Sandymount Village one
of Dublin’s most affluent areas.
5. UNITS 120/122 LOWER
KILMACUD ROAD, STILLORGAN
TENANT TERM START DATE END DATE LEASE RENT
PASSING
RENT
EXPECTED
RENT
SIZE
M2
GUARANTOR REVIEWS
Sancroft Ltd. 35 yrs 01/10/90 01/10/25 €142,000 €142,000 N/A 254
Wholly Owed
Subsidary BWG
Every 5 yrs
Upward Only
120/122 Lower Kilmacud Road, Stillorgan
Co. Dublin.
■ Two storey retail and office unit.
■ 254 Sq. Mtr. / 2733 Sq. Ft.
■ Well located property in Stillorgan, an affluent
area of South County Dublin.
6. 8 MAIN STREET,
SHANKILL, CO. DUBLIN.
TENANT TERM START DATE END DATE LEASE RENT
PASSING
RENT
EXPECTED
RENT
SIZE
M2
GUARANTOR REVIEWS
Ashglen Property
company Ltd.
35 yrs 01/12/88 01/12/23 €95,000 €85,000 €85,000 254
Wholly Owed
Subsidary BWG
Every 5 yrs
Upward Only
Offices 1st Floor
Vacant
N/A N/A N/A N/A N/A €6,000 74 N/A N/A
Apartment 2nd Floor
Vacant
N/A N/A N/A N/A N/A €9,600 74 N/A N/A
8 Main Street, Shankill, Co. Dublin.
■ Three storey building including retail, office &
residential accommodation.
■ 331 Sq. Mtr. / 3561 Sq. Ft.
■ Located on Shankill’s main street on the outskirts
of Dublin close to the south coast.
8 Main Street, Shankill
7. UNITS 1, 2 & 3 GOLDSTONE COURT,
CLOGHER ROAD, DUBLIN 12
TENANT TERM START DATE END DATE LEASE RENT
PASSING
RENT
EXPECTED
RENT
SIZE
M2
GUARANTOR
M2
REVIEWS
N/A Vacant N/A N/A N/A N/A €15,000 92 N/A N/A
Units 2/3
Ashglen Property
Company Ltd.
25 yrs 01/09/06 01/09/31 €66,661 €66,661 N/A 212
Wholly Owed
Subsidary BWG
Every 5 yrs
Upward Only
Units 1 Goldstone Court, Clogher Road, Crumlin, Dublin 12
Units 1, 2 & 3 Goldstone Court, Clogher Road,
Crumlin, Dublin 12
■ Ground floor retail units.
■ 304 Sq. Mtr. / 3271 Sq. Ft.
■ Located on Clogher Road, Crumlin, and
approx 2 miles to Dublin’s city centre.
8. ADDRESS LEASE RENT PASSING RENT
RENT FULLY
OCCUPIED
Unit E1 Millennium Walkway,
Jervis St., Dublin 1
€377,768.40 €355,730.00 €355,730.00
Unit E4 Millennium Walkway,
Jervis St., Dublin 1
€50,000 €20,000 €20,000
Unit E4 Car Park x 8 €13,200 €13,200 €13,200
23 Ground Floor Sandymount Green,
Dublin 4
€75,000 €75,000 €75,000
24 Ground Floor Sandymount Green,
Dublin 4
€90,000 €80,000 €80,000
First Floor Sandymount Green,
Dublin 4
€55,000 €55,000 €55,000
23/24 Mobile Phone Mast €13,500 €13,500 €13,500
Units 120/122 Lower Kilmacud Road,
Co. Dublin
€142,000 €142,000 €142,000
8 Main Street,
Shankill
€95,000 €85,000 €85,000
Offices 1st Floor 8 Main Street,
Shankill
Vacant Vacant €6,000
Apartment 2nd Floor 8 Main Street,
Shankill
Vacant Vacant €9,600
Units 1 Goldstone Court, Clogher Road,
Crumlin, Dublin 12
Vacant Vacant €15,000
Units 2/3 Goldstone Court, Clogher Road,
Crumlin, Dublin 12
€66,661 €66,661 €66,661
TOTAL TOTAL TOTAL
€978,129.40 €906,091.00 €936,691.00
For further information please contact Gary Neilson gary@coldwellbanker.ie 086 8203625
or Nick Hughes nick@coldwellbanker.ie 087 9978912
PROPERTY CONSULTANTS
Coldwell Banker Commercial, Property Consultants, 28 Lower Leeson Street, Dublin 2.
T: + 353 (0) 1 4554752 E: info@coldwellbanker.ie
www.coldwellbankercommercial.ie
DISCLAIMER
Whilst all reasonable care has been taken in preparing this brochure this firm shall not be held responsible for any inaccuracy to any of the particulars, photographs or description
relating to any property or properties referred to and shall not be liable for any expense that may be incurred by any party investigating, researching or viewing any such property
and which that party may determine to be unsuitable or which may have been let, sold, withdrawn or no longer available for disposal. Interested parties are advised to make an
appointment directly with us to view the property and to establish with us that the property is still on the market with us as agents before they incur any pre bid costs. We ask
you to note that we have no authority to bind the vendor or the landlord in contract and no contract shall exist or be deemed to exist until a formal contract or lease as prepared
by the Vendor or Landlord or the Vendor’s or Landlord’s solicitor has been formally executed by the Vendor or Landlord or their appointed legal agent. These particulars do
not constitute any part of an offer or contract. All statements contained in these particulars, as to this property, are made without responsibility on the part of the Agents or
the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. The particulars,
various plans, photographs, dimensions, references to condition and permission for use and occupation are given in good faith and are believed to be correct but their accuracy
is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error
or mis-description shall be a ground for a claim for compensation nor for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant. No one in our
employment has the authority to make or give any representation or warranty whatever in relation to the property. Prices are quoted exclusive of VAT (unless otherwise stated)
and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction.