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Manor Mills Shopping Centre , Maynooth , Co Kildare

Price on Application Sold 3,841 sqm approx

BER B2C2 Rating

Description

We are pleased to bring to market Manor Mills Shopping Centre, a high yielding regional shopping centre investment opportunity

The salient details are as follows:

Modern covered shopping centre extending to 10,851 SQ. M. (116,796 SQ FT.) and forming the prime retail pitch in Maynooth town centre

Key anchor tenants include Dunnes Stores, Elverys, Hickeys Pharmacy and Eason

Other national retailers include Tiger, Holland & Barrett, Vodafone, Carrig Donn, Mexx, KBC and Carphone Warehouse

70.5% of the current income is secured to national/multinational retailers

50.2% of the current income is secured for greater than 5 years

Weighted average unexpired lease term of 12.04 years (excluding breaks) 8.64 years (including breaks)

95% occupancy (by floor space)

Average weekly footfall in excess of 50,000 people

Benefits from 500 dedicated underground car parking spaces

Numerous asset management opportunities to increase income return

Currently generating a Net Operating Income (NOI) of €1,229,228 per annum

Freehold

Offers are sought in excess of €13,400,000 (Thirteen Million Four Hundred Thousand Euros) reflecting a net initial yield of 8.78% assuming standard purchasers costs of 4.46%

BER Information

  • Rating: BER B2C2
  • Certificates are available from the agent.