for sale by private treaty(Tenant not affected)

Stillorgan Road, Mount Merrion, Co. DublinASHURST SERVICE STATION

LOCATIONAshurst Service Station is approximately 5 kilometres south of Dublin city centre, on the N11 Stillorgan Road, immediately to the south of its junction with Booterstown Avenue. The service station has exceptional profile with approximately 45 metres frontage onto the southbound carriageway of the N11.

The N11 is one of the primary access routes, and therefore one of the busiest, to and from Dublin city centre from South County Dublin, Wicklow and Wexford.

The property is in close proximity to the main University College Dublin campus which is home to over 30,000 students. Other notable occupiers in the vicinity are The Talbot Hotel (formerly Stillorgan Park Hotel) and Stillorgan Shopping Centre.

The immediate area surrounding the property is well established, primarily affluent, residential suburbs including Stillorgan, Mount Merrion, Booterstown and Blackrock.

DUNDRUM

BOOTERSTOWN

BALLSBRIDGE

DUBLIN CITY CENTRE

BLACKROCK

STILLORGAN SC

UCD

MOUNT MERRION

RENTCURRENT PASSING RENT OF €700,000 PER ANNUM WITH RENTAL INCREASES DUE IN 2019 AND 2024

€LOCATIONLOCATED ON THE N11, ONE OF THE BUSIEST TRAFFIC ROUTES IN DUBLIN

LEASEFULLY LET TO PETROGAS GROUP LTD. WITH APPROX. 9 YEARS REMAINING TO THE LEASE BREAK OPTION

TENANTMODERN FILLING STATION FACILITY WITH FULL RETAIL AND CAFÉ SERVICES

POTENTIALLONG-TERM ALTERNATIVE DEVELOPMENT POTENTIAL

DESCRIPTIONThe property comprises a modern petrol filling station, completed in 2010, on a 0.26 hectares (0.64 acres) site with retail building of Net Internal Area 288.04 sq. m. (3,100 sq. ft.) and parking for 21 cars together with a forecourt and canopy, six double-sided petrol pump terminals and car wash facilities.

Internally, the retail building has a café, public toilets and staff areas to the rear. The property is fitted out to a high standard with tiled floors, exposed ceilings with spot lights and air conditioning.

In addition, to the 6 fuel pump terminals in the forecourt there are additional services such as manual and automatic car-wash facilities, air pumps, water and cleaning facilities.

TENANCYThe property is let on a 25 x 5 year lease from 15th July 2009 to Petrogas Group Limited. The current rent is €700,000 pa with further stepped rents in July 2019 to €840,000 pa, July 2024 to €1,008,000 pa and July 2029 to €1,209,600 pa.

The lease contains a mutual landlord or tenant break option on 14th May 2025 subject to 6 months’ notice and a break penalty equivalent to 6 months’ rent. If the break option is exercised there is a restriction on the site being for non-petroleum use for a period of 10 years from the date of termination.

LOCATED ON THE N11, ONE OF THE BUSIEST TRAFFIC ROUTES IN DUBLIN

The particulars and information contained in this brochure are issued by Jones Lang LaSalle Ltd. on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle Ltd., its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction.

TENANT INFORMATIONPetrogas Group Ltd. is a subsidiary company of Applegreen Plc. Established in 1992, Applegreen is a major petrol forecourt retailer in the Republic of Ireland with a growing presence in the UK and a small presence in the USA. The business employs approx. 2,900 people, and operates over 200 forecourt sites across the Republic of Ireland, UK, and USA.

Applegreen is the number one motorway service area operator by number of sites in the Republic of Ireland. They are currently undertaking an ambitious expansion program following their successful IPO in June 2015, raising over €60 million on the Irish and London Stock Exchange.

BER RATINGBER no. 800487175 945.7 kWh/m²/yr

SOLICITORMs. June Hynes, McEvoy Partners, 27 Hatch Street Lower, Dublin 2

N11

TO CITY CENTRE

TO M50/BRAY

CONTACTJohn Moran | E: john.moran@eu.jll.com | T: 01-673 1600Declan Sexton | E: declan.sexton@eu.jll.com | T: 01-673 1627Laura Torpey | E: laura.torpey@eu.jll.com | T: 01-673 1656

JLL PSP license No: 002273

TENUREWe understand the property is held on a freehold title.

VIEWINGStrictly by appointment through JLL as sole selling agents.