Castle Street Shopping Centre,

Bray, Co. Wicklow

Supermarket

EXCELLENT SUPERMARKET INVESTMENT OPPORTUNITY

Investment ConsiderationsLONG INCOME SUPERMARKET OPPORTUNITY LOCATED WITHIN CASTLE STREET SHOPPING CENTRE

• Supermarket t/a Supervalu

• High-profile location fronting Castle Street, Bray

• Located in a large residential catchment area

• High-profile convenience store extending to GIA of approximately 2,504.3 sq.m. (26,956 sq.ft.)

• Current passing rental income of €649,790 per annum

• Let to Musgraves Operating Partners Ireland Limited t/a SuperValu

• 25 year FRI lease from 5 September 2005 with no break clauses

• Subject to five yearly upward only rent reviews

• Attractive unexpired term of approximately 13.5 years

• Property is held under Freehold title

• Tenant not affected

• For sale by Private Treaty

Description

Castle Street Shopping Centre is an established shopping scheme, extending to approximately 4,180.6 sq.m. (45,000 sq.ft.) in total. The Centre is anchored by SuperValu, with approximately 20 additional retail units. Other notable occupiers within the Centre include Peter Mark hair salon, Starbucks, Lloyds Pharmacy and EuroGiant. Please note that the subject sale comprises the SuperValu store only.

The store is fitted out to SuperValu’s branded specification and offers an extensive retail floor space with a GIA of approximately 2,504.3 sq. m. (26,956 sq. ft.)

The Location Castle Street Shopping Centre is located within Bray Town Centre and accessed off Castle Street; a busy retailing thoroughfare in Bray; a large coastal town situated approximately 20 km south of Dublin city centre in Co. Wicklow.

The town is located off the N11 dual carriageway and is highly accessible to the M50, providing easy access to Dublin city centre and the city’s main arterial routes. Bray is well connected by a high-quality public transport system; DART and mainline rail network provide easy access to Dublin city

centre together with numerous bus services that frequent the area.

Retailing in Bray is located around Main Street / Castle Street while Bray seafront functions as the primary tourist, recreational and leisure centre of the town.

The town is classified as a ‘Major Town Centre’, having a population of 31,872 persons (Census 2011) which makes it the ninth largest urban population in Ireland. The town has a thriving industrial base and its largest employers are in the pharmaceutical, IT and cosmetic industries.

HIGH PROFILE LOCATION FRONTING ONTO CASTLE STREET WITHIN BRAY TOWN CENTRE

M50 TO DUBLIN

RIVER DARGLE

N11 WEXFORDGREYSTONES

BRAY TOWN CENTRE

BRAY DART STATION

N11 TO DUBLIN

SuperValuCastle Street

Shopping Centre

For illustrative purposes only. Not to scale.

TenancyThe entire is let to Musgraves Operating Partners Ireland Limited, t/a SuperValu on a 25-year full repairing and insuring lease from 5 September 2005. The current rent is €649,790 per annum from 5 September 2015 subject to five yearly upwards only rent reviews.

Covenant InformationMusgraves Operating Partners Ireland Limited is a division of the Musgrave Group. Musgraves Operating Partners Ireland Limited was formally known as Superquinn and became part of the Musgrave Group in October 2011.

The wider Musgrave Group, established in 1876, is Ireland’s largest grocery and food distributor with over 200 stores nationwide.

Accommodation Floor Use GIA Sq. M. GIA Sq. Ft.

Ground Floor Retail 1,650.5 17,766

Ground Floor Storage 300.0 3,229

First Floor Storage / Staff 444.8 4,788

Mezzanine Storage 109.0 1, 173

TOTAL 2,504.3 26,956 Areas provided are GIA and were measured by Malcolm Hollis. An assignable measured survey is available on the data site.

LOWER DARGLE ROAD

CASTLE STREET

RIV ER DA RG L E

BRAY BRIDGE

P131 SPACES

FRASCATI SH

OES

SQU

ARE BLIND

SW

IGO

DERS

METEO

R STORE

POLSKI SKELP

EURO

GIAN

T

HO

USEH

OLD

GO

OD

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PETER MARK H

AIR

LLOYD

S PH

ARMAC

Y

NAIL SALO

NRESERVED

STARBUCKS

COFFEE

DWELLING

COURTNEY

GROCERSIMONA

HAIR

THE BRID

GE CAFE

KEBAB

TAKEA

WAY

OPT

ICIA

N

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S’ W

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BOMBAY

PANTR

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AN POST

N11DUBLIN

M50

çSite Plan

Ground Floor only.

For illustrative purposes only. Not to scale.

SuperValuCastle Street

Shopping Centre

SALLY BEAUTY

UN

IT ON

E

design | conradjones.com

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.

Selling Agent

Savills33 Molesworth StreetDublin 2PSRA: 002233www.savills.ie

Domhnaill O’SullivanT +353 1 618 1364Domhnaill.OSullivan @savills.ie

Roisin RaffertyT +353 1 618 1431Roisin.Rafferty @savills.ie

Solicitors

A&L Goodbody SolicitorsIFSC, North Wall Quay, Dublin 1Stephen O’RiordanT +353 1 649 2000 Soriordan@algoodbody.com

Contact & Further InformationGuide PriceIn excess of €8,400,000

Data Sitehttps://sites.savills.com/supermarketbray

ViewingsAll viewings are strictly by appointment through the sole selling agent

BERBER No: C2

TenureWe understand the property is held Freehold

SuperValuCastle Street

Shopping Centre