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For further information contact Stephen Murray Lisa McGrane Dave Egan Daniel Carty
Jones Lang LaSalle Styne House, Upper Hatch Street, Dublin 2
01 673 1600 www.jllie [email protected]
July 2015
Retail Agency JLL’s Retail Agency Department
is comprised of the most
experienced and dedicated
team opera ng in Dublin
today. The team has been
involved in all forms of retail
ac vity from leasing, sales, rent
review, occupier acquisi ons
and development advice.
The strength of the team is
evidenced by the number of
very successful and high profile
schemes with which it has
been involved. These projects
include regional development
such as Blanchardstown Town
Centre, The Square Town
Centre Tallaght, Airside Retail
Park, St. Stephens Green
Centre, Dun Laoghaire
Shopping Centre, Crescent
Shopping Centre Limerick,
Kildare Village, Parkway
Shopping Centre, Omni
Shopping Cente, Balbriggan
Town Centre, Barrow Valley
Retail Park, the Kyle Centre
Portlaoise to name but a few.
Key occupiers on whose behalf
we act are detailed below and
include: ‐
Boots
Superdry
Tiger
PC World
Curry’s
Schuh
McDonald’s
Specsavers amongst others.
If you have a requirement or
need advice in rela on to retail
accommoda on or
development, why not give us
a call today on 01 6731600 in
rela on to
Contents
Introduc on
Shopping Centres
Dublin (Northside)
Dublin (Southside)
Dublin (North City Centre)
Dublin (South City Centre)
Glossary of Property Terms
David Egan [email protected] Surveyor
Amongst others, Jones Lang LaSalle has represented the following retailers
Stephen Murray [email protected] European Director
Lisa McGrane [email protected] Na onal Director
Daniel Carty dan‐[email protected]
Blanchardstown
The Blanchardstown Centre is Ireland’s largest Retail and Leisure des na on and is the number one ranked centre by CACI in the whole of Ireland. It is located 12km northwest of Dublin City Centre and is adjacent to the M50 Motorway network. The site area of Blanchardstown is 43 hectares with over 6,500 free car spaces. There are 195 shops comprising 116,000m2 of retail space. The total catchment of the centre is 1,014,394 with a primary catchment of 321,955.
The centre is laid out over two separate levels with direct access in each instance to the 6,500 free adjacent surface car spaces. Since the original opening of the centre in 1996, the centre has grown in a controlled manner with phase II comprising the mul plex cinemas completed in 1997 and the extension of the Red Mall in 2004 delivering further anchor store Marks & Spencer.
There are plans to extend the centre further with the new Yellow Mall set to open in 2009. Yellow Mall will provide 25 new retail units totaling 25,500m2 of new accommoda on designed to match the requirement of today’s more discerning shopper and diner.
Key Retailers Debenhams Marks & Spencer Dunnes Stores TK Maxx Zara
Loca on The centre occupies a pivotal town centre site of approximately 43 hectares to the Northwest of Dublin with prime frontage onto the N3 which links to the M50 junc on.
Omni Park
Omni Shopping and Leisure is North Dublin’s leading shopping des na on anchored by Tesco and Penneys and Omniplex Cinema.
The new fashion mall is accessed directly from the mul ‐storey car park and provides a new pedestrian link from the exis ng mall to the Swords Road. Omni Shopping and Leisure is situated midway between Dublin Airport and the City Centre.
Key Retailers Penney’s Easons New Look Boots Elvery’s H&M Tesco
Loca on
The Centre is bordered by the Swords Road and
Santry Avenue and is within easy access of the M1,
M50 and Port Tunnel and is well serviced by public
transport.
St Stephen’s Green
St Stephen’s Green Centre is laid out over three levels and designed around a glass atrium.
The shopping centre provides 27,871m2 of gross retail accommoda on. There are a wide range of retail outlets with over 100 dis nct and diverse traders, including bars and restaurants.
There are over 1200 car parking spaces available in the mul storey car park which is fully integrated with the shopping centre. The shopping centre is adjacent to the green LUAS line.
The pedestrianisa on of South King Street has enhanced accessibility to the surrounding area. The adjacent development at South King Street which is opening in 2008 will have H&M and Zara anchoring the development.
Key Retailers Dunnes Stores TK Maxx Lifestyle Sports Bene on Argos Mothercare
Loca on
The centre is located in the heart of Dublin City at
the top of Gra on Street. It benefits from the LUAS
terminal located directly outside the centre.
Shopping Centres
The Square, Tallaght
The Square Town Centre comprises 39,950m2 on three trading levels anchored by Dunnes Stores, Debenehams and Tesco. There is a mul plex cinema and approximately 3,000 free car parking spaces.
The Square is a regional scale shopping centre and the defacto town centre for Tallaght. There are mul ple restaurants on the third floor of the shopping centre including McDonalds and KFC. There are over 160 retail units within the centre with occupiers including Dixons, HMV, Specsavers and Champion Sports.
Key Retailers Dunnes Stores Debenhams Tesco Boots H&M
Loca on The Square Town Centre is located in West Dublin approximately 6 miles southwest of the City Centre and is strategically located on the Northside of the Tallaght by‐pass at its junc on with the Belgard Road.
A short distance to the east, the Tallaght by‐pass intersects with the M50 Motorway, Dublin’s orbital motorway route which allows access to all parts of the city.
The LUAS Light Rail System also has a stop immediately adjacent to the shopping centre.
Crescent Shopping Centre
Limerick
The Crescent Shopping Centre opened over 40 years ago in 1973 and comprises a current gross floor area of 31,148m2. The centre benefits from 2,400 free car spaces, 12 screen omni‐plex cinema, a variety of food uses and a total of approximately 90 retail units.
The centre has added a number of addi ons. The last,phase Iwas completed in 2005 and includes Tommy Hilfiger, Zara and River Island, to name but a few.
Key Retailers Penneys Tesco Zara Tommy Hilfiger River Island H&M
Loca on Crescent Shopping Centre occupies a pivotal suburban site of approximately 10.37 hectares with frontage on two sides, one on the Limerick to Cork N20 road and also to the Dooradoyle Road. The shopping centre is approximately 2.3 km southwest of Limerick City Centre and has excellent access to the surrounding areas
Monaghan Shopping Centre
The Monaghan Shopping Centre comprises 8,8456.60 m2 single floor retail neighbourhood development. The centre provides the primary shopping offer in Monaghan County and offers customers 600 surface level car park spaces. Accordingly to 2011 census Monaghan Town has an urban popula on of 8,056 people. Approximately 40,000 people live within a 20 minute drive of Monaghan Shopping Centre.
Key Retailers Tesco McDonald’s Boots Specsavers Vero Moda Name It Jack and Jones Holland & Barre
Loca on Monaghan Shopping centre is located off the
west bound N 54, a 5 minute drive from the
busy north bound N 2. Monaghan Town acts
as the anchor town to a cluster of smaller
satellite towns including Clones, Castleblaney,
Carrickmacross and Emyvale.
Shopping Centres
South Gate, Drogheda
South Gate is a major mixed residen al, retail, office and leisure development on the southern edge of Drogheda. The scheme opened in 2008 with an anchor store of 3,200m2 and an addi onal 24 retail units ranging in size from 50 to 350m2.
The scheme was developed by Shannon Homes (Drogheda) Limited, who have successfully sold over 1,000 units in the adjoining Grangerath housing estate.
The development includes 600 car spaces at lower level, 4,500m2 of office space, a 1,200m2 gym, medical centre and a number of own door office suites.
Key Retailers Dunnes Stores Loca on Drogheda is a major commuter town which has seen substan al residen al development over the last number of years with a popula on of 149,000 within a 25 minute drive.
Swords Central
This is a mixed residen al and retail development located in the centre of Swords. The development comprises 10,000 m2 of retail accommoda on and is anchored by a 4,555m2 Penneys department store. There are 14 addi onal units ranging in size from 71m2 to 728m2 and 320 on site car parking spaces.
The residen al element comprises of 125 apartments.
The scheme is located adjacent to The Pavilion Phase II Shopping Centre and is interconnected via an enclosed pedestrian walkway.
Key Retailers Penneys Ecco Shoes Free Spirit An Post
Loca on Swords is located 12 km from Dublin City Centre in close proximity to the M1, Dublin to Belfast motorway and 5km from Dublin Airport. Swords is a major commuter town and significant major employers include Fingal County Council, Central Sta s cs Office and The Northern Area Healthboard.
Kildare Village
Kildare Village has been developed by Value Retail and is one of their 9 outlet villages around Europe. Kildare Village comprises 58 stores. The catchment draws from the 2.5million people who live within a 2 hour drive, 3.6million interna onal tourists who visit Dublin annually and the 7million interna onal tourists who visit the Republic of Ireland each year.
The scheme comprises 11,000m2 and its second phase expansion is due to commence in 2014.
Key Retailers Karen Millen Calvin Klein LK Benne Monsoon Reebok Coast Ralph Lauren Ted Baker
Loca on Kildare Village is circa 35 minutes southwest of central Dublin, located adjacent to junc on 13 of the M7 Motorway which carries over 9.4million cars past the village each year and its principal tourist route linking Dublin to the Southwest and West of Ireland.
Shopping Centres
Nutgrove
The Nutgrove Shopping Centre is a vibrant and busy district scheme located on a prominent site at the junc on of Nutgrove Avenue and Nutgrove Way. The scheme is located directly opposite the Nutgrove Centre Retail Warehouse and Office Scheme which is anchored by Homebase and comprises approximately 20,000m2 of retail warehouse accommoda on. The significant amount of development in the immediate vicinity has further enhanced and cemented Nutgrove’s appeal as a retail des na on with convenient, easy access to free surface car parking.
Key Retailers Argos Boots Tesco Dunnes Stores Penneys McDonald’s
Loca on
This centre is located at the junc on of Nutgrove
Avenue and Nutgrove Way in the south Dublin
suburb of Rathfarnham.
Le erkenny Retail Park
Le erkenny retail park comprises 31,701.13
m2 open planning consent development. This
retail park is constructed in a cluster of 4
separate retail parks. Le erkenny Retail Park
is the dominant retail des na on in
Le erkenny town. It offers customers a wide
variety of convenience and comparison
shopping with ample surface level parking
facili es. According to the 2011 census
Le erkenny Town has a popula on of 19,588
people.
Key Retailers H&M TK Maxx’s M&S Dunnes Stores New Look HMV Harry Corry Smyths Toys Homebase DIY
Loca on The park is located in a prime posi on directly
adjacent to Le erkenny Town. It is connected
by the Port Road which links to the N14 to
nearby towns of Strabane and Derry.
Shopping Centres
Dublin (South City Centre)
DUBLIN (CITY CENTRE SOUTH) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit C6 St Stephen’s Green Shopping Centre Dublin 2
Well located ground floor retail unit. Size: 43.48m²
Available on a 2 year licence, determinable by either party from 01/01/2016 on 3 months notice. Licence fee: €40,000 pa Rates €16,207 pa S/Charge €8,978 pa Insurance: €233
Stephen Murray
Unit C16 St Stephen’s Green Shopping Centre Dublin 2
Well located ground floor retail unit. Size: 18.12m²
Available on a 2 year licence, determinable by either party from 01/01/2016 on 3 months notice. Licence fee: €25,000 pa Rates €5,811.20 pa S/Charge €3,753 pa Insurance: €87 pa
Daniel Carty
Unit 125/6/7 St Stephen’s Green Shopping Centre Dublin 2
Prime retail unit located at first floor. Size: Ground: 102.84 m² Mezzanine: 70.05 m2
Available on a 2 year licence, determinable by either party from 01/01/2016 on 3 months notice. Licence fee: €6,000 pm Rates €16,216 pa S/Charge €28,688 pa Insurance: €879
Daniel Carty
Unit 200A St Stephen’s Green Shopping Centre Dublin 2
Excellent retail unit located on Level 2. Size: 204.75 m²
Available on a 2 year licence, determinable by either party from 01/01/2016 on 3 months notice. Licence fee: €60,000 pa Rates €8,636 pa S/Charge €28,737 pa Insurance: €1,131 pa
Daniel Carty
Unit 200B St Stephen’s Green Shopping Centre Dublin 2
Excellent retail unit located on Level 2. Size: 132.25 m²
Available on a 2 year licence, determinable by either party from 01/01/2016 on 3 months notice. Licence fee: €60,000 pa Rates €9,721 pa S/Charge €20,438 pa Insurance: €792.23 pa
Daniel Carty
DUBLIN (CITY CENTRE SOUTH) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit 208/209 St Stephen’s Green Shopping Centre Dublin 2
Excellent retail unit located on Level 2. Size: 81.56 m²
Available on a 2 year licence, determinable by either party from 01/01/2016 on 3 months notice. Licence fee: €45,000 pa Rates €5,859.60 pa S/Charge €13,446 pa Insurance: €461 pa
Daniel Carty
72 Grafton Street Dublin 2
Prime City Centre Flagship store. Long term letting available. Size: 1,038.6m2
Rent: Price on Application Rates €80,896 pa S/Charge N/A Insurance: To be advised
Stephen Murray/ David Egan
115 Grafton Street, Dublin 2
Prime City Centre retail unit Size: 348.34m2
Rent: On Application Rates €44,160 S/Charge €3,213 Insurance: To be advised
Lisa McGrane/ David Egan
Unit 23 Forbes Quay, Dublin 2
High profile retail unit to let. Size: 79.93 m2
€35,000 per annum Rates Not Yet Rated S/Charge TBC
David Egan
Unit 40 Forbes Quay, Dublin 2
High profile retail unit to let. Size: 73.74 m2
€35,000 per annum Rates €6,375 pa S/Charge €1,531 pa
David Egan
DUBLIN (CITY CENTRE SOUTH) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit B, Trinity Central Pearse Street, Dublin 2
Excellent retail unit in Dublin’s City Centre. Size: 119m2
Rent: €55,000 per annum Rates Not Yet Rated S/Charge €3,213 Insurance: €640.22 pa
David Egan
Unit E, Trinity Central Pearse Street, Dublin 2
Excellent retail unit in Dublin’s City Centre. Size: 135m2
Rent: €60,000 per annum Rates Not Yet Rated S/Charge €3,645 pa Insurance: €726.30 pa
David Egan
3 Trinity Street, Dublin 2
High profile unit to let located in a prime Dublin 2 location. Size: 200.10m²
Rent: €60,000 Rates €11,699.20 Insurance TBC
Daniel Carty
Dublin (North City Centre)
DUBLIN (CITY CENTRE NORTH) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
The Foyer, Parnell Cineplex, Dublin 1
High profile restaurant unit Size: 301m²
Rent on application Rates €25,700 Est. S/Charge €7,138 pa
Daniel Carty
Retail Unit, Mater Adult Hospital, Eccles Street, Dublin 7
High profile retail unit, non-food uses only. Size: 72 m²
Available under a new 9 year licence Licence fee on application Rates To be Assessed S/Charge €3,000 pa Insurance: To be Advised
Daniel Carty
Basement Space, Parnell Cineplex, Dublin 1
High profile retail unit directly under the Parnell Cineplex on Parnell Street. Size: 1,207.18m²
Rent on application Rates Not Yet Rated. S/Charge €11,000 pa
Daniel Carty
Coke Lane, South Smithfield Square, Dublin 7
Café unit with prominent dual glazed frontage onto the new South Smithfield Square. Size: 225m²
Rent: €70,000 per annum Rates Not Yet Rated. S/Charge TBC
David Egan
Dublin (Southside)
DUBLIN (SOUTHSIDE) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit 23/24 Nutgrove Shopping Centre Rathfarnham Dublin 14
Well located retail unit Size: 167 m²
€80,000 per annum Rates €28,117 pa S/Charge €17,617 pa Insurance: €1,057 pa
Stephen Murray/ David Egan
Unit 20, Nutgrove Shopping Centre, Rathfarnham, Dublin 14
Well locate retail unit opposite Penneys. Size: GF: 129.04 m² Mezz: 64.01 m²
€70,000 per annum Rates €18,000 pa S/Charge €14,766 pa Insurance: €795.07 pa
Stephen Murray/ David Egan
Unit 33, Nutgrove Shopping Centre, Rathfarnham, Dublin 14
Well locate unit close to Penneys. Size: 42.74m²
€45,000 per annum Rates €8,000 pa S/Charge €5,000 pa Insurance: €400 pa
Stephen Murray/ David Egan
Unit M10A, Nutgrove Shopping Centre, Rathfarnham, Dublin 14
Superbly located in the central area of the shopping centre. Size: 34 m²
€25,000 per annum Rates €6,902 pa S/Charge €3,058 pa Insurance: €225 pa
Stephen Murray/ David Egan
Unit D2B, Nutgrove Shopping Centre, Rathfarnham, Dublin 14
Well locate external unit. Size: 152.96 m²
Rent: On application Rates €15,411.76 S/Charge €15,910.21 Insurance: TBC
Stephen Murray/ David Egan
Creche Unit, The Arena, Tallaght Dublin 24
The subject unit comprises a purpose built crèche unit over two floors. Size: 42.74m²
€50,000 per annum Rates TBC S/Charge €16,376.42 pa Insurance: €1,603.76 pa
Stephen Murray/David Egan
DUBLIN (SOUTHSIDE) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Retail Unit 1, The Arena, Tallaght Dublin 24
The subject retail unit is beside Woodies. The unit is in fitted out condition. Size: 431.34m²
€23,000 per annum Rates €11,777 pa S/Charge €7,978 pa Insurance: €269 pa
Stephen Murray/ David Egan
Retail Unit 2, The Arena, Tallaght Dublin 24
The subject unit has planning permission for pharmacy use. The unit is currently in shell and core condition. Size: 241.64m²
€25,000 per annum Rates TBC S/Charge €11,346.69 pa Insurance: €382.87 pa
Stephen Murray/David Egan
Retail Unit 3, The Arena, Tallaght Dublin 24
The subject unit has planning permission for healthcare use. The unit is in currently in shell and core condition. Size: 431.34m²
€35,000 per annum Rates TBC S/Charge €20,708.84 pa Insurance: €683.46 pa
Stephen Murray/ David Egan
Dublin (Northside)
DUBLIN (NORTHSIDE) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit 105 Blanchardstown Centre Blanchardstown Dublin 15
Size: GF: 115.85m²
Retail Unit to Let Rent €175,000 pa Rates €25,646.40 S/Charge €11,223.00 Insurance: TBA
Lisa McGrane/ David Egan
Unit 140 Blanchardstown Centre Blanchardstown Dublin 15
Size: GF: 69.11m²
Retail Unit to Let Rent €140,000 pa Rates €21,009.00 S/Charge €6,696.00 Insurance: €565.44
Lisa McGrane/ David Egan
Unit 205 Blanchardstown Centre Blanchardstown Dublin 15
Size: GF: 283m²
Retail Unit to Let Rent €300,000 pa Rates €42,200 S/Charge €23,249 Insurance: €1,975
Lisa McGrane/ David Egan
Unit 455 Blanchardstown Centre Blanchardstown Dublin 15
Restaurant Unit to Let Size 888m²
Rent €250,000 per annum Rates €38,592 S/Charge €19,940 Insurance: €2,868
Lisa McGrane/ David Egan
Unit 10 Airside Retail Park Swords Co Dublin
High Profile Retail Unit Size: 2,121 m²
Offers in excess of €475,000 Rates (2015) €66,384 S/Charge €28,933.95 Insurance: €1,145.54
Stephen Murray/ Daniel Carty
DUBLIN (NORTHSIDE) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit K15, Omni Shopping Centre Santry Dublin 9
Well located kiosks located on the new fashion mall Size: 12.5 m²
Offers in the region of €25,000 per annum Rates TBC S/Charge TBC Insurance: TBC .
Stephen Murray / Daniel Carty
Unit 10, Omni Shopping Centre Santry Dublin 9
Well located ground floor unit immediately adjoining the entrance to Penney’s. Size: 19.42 m²
Offers in the region of €30,000 per annum Rates €2,922 pa S/Charge €1,830 pa Insurance: €50 pa .
Stephen Murray / Daniel Carty
Unit 11, Omni Shopping Centre Santry Dublin 9
Well located ground floor unit close to Penney’s entrance. Size: 210.58 m²
Offers in the region of €85,000 per annum Rates €15,420 pa S/Charge €20,491 pa Insurance: €558 pa .
Stephen Murray / Daniel Carty
Unit 16 Omni Shopping Centre Santry Dublin 9
Well located ground floor unit Size: 62.73 m²
Offers in the region of €50,000 per annum . Rates €8,018 pa S/Charge €6,069 pa Insurance: €165 pa
Stephen Murray / Daniel Carty
Unit 22, Omni Shopping Centre Santry Dublin 9
Well located ground floor unit close to Tesco entrance. Size: GF: 49.78m² Storage: 72.85m²
Offers in the region of €50,000 per annum Rates €10,486 pa S/Charge €11,550 pa Insurance: €314 pa .
Stephen Murray / Daniel Carty
DUBLIN (NORTHSIDE) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit 46, Omni Shopping Centre Santry Dublin 9
External unit directly facing the car park Size: 121.42m²
Offers in the region of €30,000 per annum . Rates €7,890 pa S/Charge €5,021 pa Insurance: €354 pa
Stephen Murray / Daniel Carty
Unit 208 Omni Shopping Centre Santry Dublin 9
Well located ground floor unit Size: 90 m²
Offers in the region of €55,000 per annum . Rates €8,224 pa S/Charge €8,486 pa Insurance: €231 pa .
Stephen Murray / Daniel Carty
Unit 222 Omni Shopping Centre Santry Dublin 9
Well located first floor unit Size: 135m²
Offers in the region of €20,000 per annum . Rates Awaited S/Charge €18,287 pa Insurance: €346 pa ...
Stephen Murray / Daniel Carty
Units 223, 224, 225 and 229, Omni Shopping Centre Santry Dublin 9
Well located first floor units Size: 153 m² per unit
Offers in the region of €20,000 per annum . Rates Awaited S/Charge €11,472 pa Insurance: €393 pa
Stephen Murray / Daniel Carty
Unit 226 Omni Shopping Centre Santry Dublin 9
Well located first floor unit Size: 72 m²
Offers in the region of €15,000 per annum . Rates Awaited S/Charge €6,805 pa Insurance: €184 pa
Stephen Murray / Daniel Carty
DUBLIN (NORTHSIDE) LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit 230 Omni Shopping Centre Santry Dublin 9
Well located first floor unit on the new fashion mall Size: 921.75 m²
Rent: On Application. Rates €31,020 pa S/Charge €65,314 pa Insurance: €2,424 pa ..
Stephen Murray / Daniel Carty
Unit 233 Omni Shopping Centre Santry Dublin 9
Well located first floor unit on the new fashion mall Size: 112 m²
Offers in the region of €21,000 per annum . Rates €4,189 pa S/Charge €8,398 pa Insurance: €288 pa .
Stephen Murray / Daniel Carty
Unit 237 Omni Shopping Centre Santry Dublin 9
Well located first floor unit on the new fashion mall Size: 255 m²
Offers in the region of €40,000 per annum . Rates Awaited S/Charge €18,745 pa Insurance: €642 pa ..
Stephen Murray / Daniel Carty
Regional
OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Donegal
Unit 2 Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal
Prime ground floor unit located between Dunnes and Homebase. Size: 4471.95 m²
Rent €90,000 pa Rates Not Yet Rated S/Charge €5,303 pa Insurance: €528 pa
Stephen Murray / Daniel Carty
Unit 3 Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal
Prime ground floor unit located between Dunnes and Homebase. Size: 471.95 m²
Rent €90,000 pa Rates Not Yet Rated S/Charge €5,303 pa Insurance: €528 pa
Stephen Murray / Daniel Carty
Unit 2-3 Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal
Prime ground floor unit located between Dunnes and Homebase. Size: 943.90 m²
Rent €195,990 pa Rates Not Yet Rated S/Charge €10,527 pa Insurance: €1,055 pa
Stephen Murray / Daniel Carty
Unit 8 Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal
This end of terrace unit is close to Dunnes and Homebase. Size: 3,205.80 m²
Rent excess €70,000 pa Rates Not Yet Rated S/Charge €7,809 pa Insurance: €782 pa
Stephen Murray / Daniel Carty
Unit 11a Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal
Prominent mid-terrace unit. Size: GF: 117.43 m² Mezz: 117.43 m²
Rent excess €35,000 pa Rates Not Yet Rated S/Charge €1,638 pa Insurance: €131 pa
Stephen Murray / Daniel Carty
OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Kildare
Kildare Village Outlet Shopping
High profile retail units in Kildare Village, located just 60 minutes southwest of Dublin Size: Available on request
Rent on Request Lisa McGrane
Limerick Crescent Shopping Centre
Unit 16 Crescent Shopping Centre, Limerick
Unit located adjacent to the Central Concourse. Size: 68.75 m²
Rent on Application Rates €4,412.45 pa S/Charge €94.18 psm nett Insurance: €6.012 psm nett
Lisa McGrane/ Stephen Murray
Unit 24C Crescent Shopping Centre, Limerick
Unit located in an extremely busy location on the Garryowen Mall. Size: Grnd Flr: XXm²
Rent on Application Rates To be Advised S/Charge €94.18 psm nett Insurance: €6.012 psm nett
Lisa McGrane/ Stephen Murray
Unit 30X Crescent Shopping Centre, Limerick
Units fronts onto the Library Mall directly adjacent to the escalators from the underground car park. Grnd Flr: 162 m²
Rent on Application Rates €11,984 pa S/Charge €94.18 psm nett Insurance: €6.012 psm nett
Lisa McGrane/ Stephen Murray
Unit 36 Crescent Shopping Centre, Limerick
Unit is strategically located within the centre fronting onto the Central Mall. Grnd Flr: 95 m²
Rent on Application Rates €7,000 pa S/Charge €94.18 psm nett Insurance: €6.012 psm nett
Lisa McGrane/ Stephen Murray
OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit 49 Crescent Shopping Centre, Limerick
Located adjacent to the entrance to the Dooradoyle Mall with external access only. Size: 328 m²
Rent On Application Rates €17,498 pa S/Charge €94.18 psm nett Insurance: €6.012 psm nett
Lisa McGrane/ Stephen Murray
Limerick Arthurs Quay Shopping Centre
Unit 8/9 Arthurs Quay Shopping Centre, Limerick
High profile ground floor retail unit with external frontage onto Arthurs Quay and Patrick’s Street. Size: 222m²
Rent: On application Rates €12,336 pa S/Charge €21,291 pa Insurance: Within S/C
Stephen Murray/ Daniel Carty
Unit 16/16a Arthurs Quay Shopping Centre, Limerick
High profile ground floor retail unit with external frontage onto Arthurs Quay and Patrick’s Street. Size: 247.12m²
Rent excess €45,000 pa Rates €29,580 pa S/Charge €24,038 pa Insurance: Within S/C
Stephen Murray/ Daniel Carty
Louth
Southgate Shopping Centre, Dublin Road, Drogheda Co Louth
Well located Shopping Centre with high profile frontage to the N1 Dublin to Drogheda Road. Unit Sizes: 1,433 to 2,508 m²
Rent excess €12 per sq ft Rates On Application S/Charge On Application Insurance: On Application
David Egan
OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Monaghan
Unit 12 Monaghan Shopping Centre, Monaghan
Well located ground floor unit directly facing Dealz. Size: GF: 72.92 m² Mezz: 40.97 m²
Rent excess €25,000 pa Rates €11,275 pa S/Charge €4,840 pa Insurance: €374 pa
Stephen Murray / Daniel Carty
Unit 27 Monaghan Shopping Centre, Monaghan
Prominent unit located close to the main entrance. Size: GF: 116 m² Mezz: 18.59 m²
Rent €45,000 pa Rates €10,791 pa S/Charge €15,209 pa Insurance: €823.44 pa
Stephen Murray/ Daniel Carty
Offaly
Unit G Tullamore Retail Park, Tullamore
Prime corner unit opposite Burger King and adjacent to Heatons. Size: GF: 1,620 m² Mezz: 318.94 m²
Rent: €200,000 pa Rates €31,505 pa S/Charge €13,724 pa Insurance: €2,338 pa
Stephen Murray/ Daniel Carty
Sligo
Unit 2 Sligo Retail Park, Sligo
Prime unit located between anchors Currys and Homebase. Size: 1,543.95 m²
Rent €140,000 pa Rates €35,243 pa S/Charge €15,977 pa Insurance: €1,231 pa
Stephen Murray/ Daniel Carty
OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT
The particulars and information contained in this listing are issued by Jones Lang LaSalle 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, 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.
Unit 4 Sligo Retail Park, Sligo
Prominently located ground floor retail unit. GF: 1,183.95 m²
Rent excess €110,000 pa Rates €30,604 pa S/Charge €12,282 pa Insurance: €946 pa
Stephen Murray/ Daniel Carty
Unit 11 Sligo Retail Park, Sligo
Prime unit located between Harry Corry and Carpetright. Size: 931 m²
Rent excess €100,000 pa Rates €22,422 pa S/Charge €9,670 pa Insurance: €745 pa
Stephen Murray/ Daniel Carty
Unit 14 Sligo Retail Park, Sligo
Prime unit directly adjacent to Petland. Size: 468.04 m²
Rent excess €60,000 pa Rates €11,275 pa S/Charge €4,840 pa Insurance: €374 pa
Stephen Murray/ Daniel Carty
Glossary of Property Terms — Retail
Arcade A covered way or gallery for pedestrians, usually flanked by shops on one or both sides. Historically the roof was arched. Assign To transfer an interest in a property, especially a lease. Break Clause A clause in a lease (or other contract) which gives the landlord and/or the tenant (or one of the par es to the contract) a right, in specified circumstances, to terminate the lease (or contract) before its normal expiry date. It usually defines the length of no ce to be given and may (or may not) be subject to contractual or statutory financial provisions. Statutory provisions may affect contractual enforcement. Business Tenancy A tenancy of premises used for a ‘business’ by an occupier who enjoys security of tenure under Part II of the Landlord and Tenant Act 1954. Catchment Area 1. The area of land from which water finds its way into a par cular watercourse, lake or reservoir. 2. By analogy, the area which contains those people who can be expected to obtain goods, services, employment or other benefits from a par cular property. More especially related to retail premises, where the success of forecas ng depends on the accuracy of es ma ng the number of purchasers (catchment popula on) likely to be a racted from the different parts of the area and the average expenditure which might be expected from them. Chain Store One of a series of retail outlets under a single ownership, but now more commonly called a mul ple retail outlet. Each store with such a group will probably sell the same range of goods and have the advantage of central buying. Clear Title Unencumbered tle to real property, against which there are no claims, mortgages, voluntary liens, etc. Comple on The final stage in the legal process of transferring ownership of property, eg where the documents in connec on with the sale of land are signed, sealed and delivered.
Contract A legally binding agreement. Two situa ons concern the disposal of land, namely: 1. before September 1989 – a contact for the disposal of an interest in land is unenforceable in the absence of a sufficient memorandum in wri ng (see sec on 40 of the Law of Property Act 1925) or a sufficient act of part performance by one or other of the par es: and, 2. from September 1989 – the Law of Property (Miscellaneous Provisions) Act 1989 provides that the contract must be made in wri ng and state all the terms agreed on by the par es. Convenience Goods Goods normally purchased without making any comparison with alterna ves, other than by price, including food and drink, tobacco, matches, newspapers, cleaning materials. Convenience Shop/Store A retail outlet selling convenience goods. In the case of the larger outlets a limited range of comparison goods may also be included. Convenience Shopping The process of buying one or more ar cles, not necessarily confined to convenience goods, either under one roof or from a number of units in close proximity to each other, providing for consumers’ specific regular shopping needs. Covenant 1. Strictly, an obliga on undertaken by a party and effected by deed, eg in a lease, obliga ons of the landlord or tenant. 2. A subjec ve assessment of the character and quality of a tenant in terms of being able and willing to comply with the terms and condi ons of the lease. In valua ons the quality of the covenant will normally influence the yield adopted. A tenant of sound standing is o en referred to as a ‘good covenant’. Department Store A, usually, mul ‐level retail property varying in size from one selling an extensive, but not comprehensive, variety of goods to one selling a full range of different lines. A dis nc ve feature of a department store is that it stocks a significant amount of clothing and household goods. District Shopping Centre A group of shops typically anchored by at least one supermarket. It is o en supplementary to a main town shopping centre and usually has an emphasis on the sale of convenience goods, but also offers a limited range of comparison goods.
Due Diligence For any business, those steps taken, eg by prospec ve buyers or their professional advisers, to ensure opera ons are lawful and in accord with proper professional prac ce, including taking posi ve ac on rather than none. Factory Outlet An individual retail outlet or one a ached to a factory where goods may be sold. Depending on the circumstances, the prices will be either at a level not exceeding the manufacturer’s recommended minimum or at a special lower level. Fast‐food Shop Retail premises for the sale, o en under franchise, of light, fast‐cooked food for ea ng on the premises or taking away. Floor Area The aggregate superficial area of an individual floor or of a building, taking each floor into account. The RICS Code of Measuring Prac ce dis nguishes the following categories and should be consulted for full details: 1. gross external area (GEA) (formerly referred to as ‘reduced covered area’ or ‘gross floor space’. 2. gross internal area (GIA); and, 3. net internal area (NIA). Foo all The number of pedestrians passing through a building or area, eg a shopping centre. Franchise A business in which a franchisor licenses a franchisee to undertake certain business ac vi es, usually under the trade or business name of the franchisor. The franchisor may provide: a. Ini al services, which may include selec on of site and premises, fi ngs, staff training and sales promo on; and b. Running services such as bulk purchase of stock. The franchisee undertakes to pay a capital sum or royal es or both.
Glossary of Property Terms — Retail
Freehold In general parlance this is used as a shorthand for the tenure of an estate in fee simple absolute in possession. Strictly speaking, however, freehold includes fee simple, entailed interests (formerly ‘fee tail’) and tenancies for life. Gross Le able Area A term some mes used in rela on to managed shopping schemes to correspond broadly with the defini on of gross internal area in the RICS Code of Measuring Prac ce. Halving Back A method of applying a unit of rent to the zones of the area of a shop for rental valua on purposes, usually confined to the ground floor area. The principle is that the most valuable area of a tradi onal shop is to be found at the front, ie the display area, and that the value then declines with increasing depth. The shop is divided into zones, usually of equal depth, with the value of the first, ie the front zone, being €x per annum per sq or m2. Each successive zone is then ‘halved‐back’ in value, ie €x/2, €x/4, and so on, but where the depth is considerable a larger rear zone (‘remainder zone’) may be valued at a flat rate per sq or m2 without further halving back. If there is a rear or return frontage with direct access and possibly with window displays giving the prospect of addi onal custom, the value in rela on to zoning will be modified. Head of Terms Fundamental points of an agreement intended to form the basis of a formal contract. In a le ng these usually include dura on of the lease, the ini al rent and obliga ons and rights of the respec ve par es, such as rights of assignment, suble ng, maintenance, insurance and use. Internal Repairing Lease A lease under which all or some internal (but no external) repairs are the responsibility of the tenant. The extent to which external repairs are the responsibility of the landlord depends upon the wording of the lease. Kiosk A small enclosed retail outlet, normally without toilet facili es and occupying less than 15 m2 of retail floor space, frequently located on a public concourse or other place where it may remain open only during peak mes and be closed securely when there are no customers. Kiosks are now some mes included in managed shopping schemes.
Lease 1. The grant, subject to considera on, of a right to the exclusive possession of land (or of the asset) for a definite period (or one capable of defini on) which is less than that held by the grantor. (A lease of more than seven years must now be registered with the Land Registry, previously it was for more than 21 years (see the Land Registra on Act 2002).) 2. The right so granted, ie the leasehold estate. 3. The document gran ng the right. In prac ce, the term ‘Lease’ is usually reserved for a lease under seal (a statutory requirement for a term of more than three years from the date of the grant). Licence 1. The lawful grant of a right of something which would otherwise be illegal or wrongful. It may be gratuitous, contractual or coupled with an interest in land. The grantor of a licence is the licensor and the grantee is the licensee. A licence does not of itself transfer any interest in the land but may authorise the licensee to enter the licensor’s land for some specific purpose, eg market trading. It differs from a tenancy in that the licensee does not have paramount control of the land and may only enter thereupon for the purposes of the licence; the licensor may enter the land and use it in any way not inconsistent with the rights of the licensee. However, a landlord may authorise by licence some act or omission by a tenant which would otherwise be a breach of the terms of the lease. 2. Some act or omission by a tenant which has been authorised by the landlord but would otherwise have been a breach of the terms of the lease. Mezzanine In a building of several storeys, an intermediate floor extending to a lesser area than the main floors. A structure within a single storey warehouse providing addi onal floor area, of lesser area than the main building. Mul ple Retail Outlet A retail outlet operated by an organisa on with 10 or more branches. Outlet Centre Generally an out of town centre featuring high quality brand manufacturing and ver cally integrated retailers selling their excess stock, overruns, last season’s stock and quality seconds, direct to the public at discounts of around 30% to 50% of the recommended retail price, in well presented and ac vely managed environments.
Passing rent The rent which is currently payable under the terms of a lease or tenancy agreement. Prelet Colloquial term for a legally enforceable agreement for a le ng to take effect at a future date, o en upon comple on of the development that is proposed or under construc on at the me of the agreement. Retail Warehouse A retail store selling non‐food goods occupying a warehouse. Reverse Premium (Nega ve Premium) 1. A payment by the holder of a superior
interest to a lessee in considera on of some benefit, eg an improvement in the terms of the lease from the landlord’s point of view.
2. Commonly, a payment by the owner of a leasehold interest to an assignee in considera on for relieving him of the liability.
Service Charge The amount payable by a tenant on account of services provided by his landlord. Shopping Centre A central loca on where shops are grouped together to serve a local or wider popula on. Centres are classified in hierarchies order by func on and/or size, and by the area served. Specifica on A document which lists and describes all items of construc on in a building or engineering project in sufficient detail to ensure that a contractor has enough informa on to enable the project to be carried out. The specifica on describes the materials, form of construc on intended and the standard required in accordance with such plans and drawings as are provided. Tenancy 1. Strictly speaking, the interest of a person holding property by any right or tle, eg a joint tenant (which has nothing to do with landlord and tenant, per se). 2. More usually, an arrangement, whether by formal lease or informal agreement, whereby the owner (the landlord) allows another (the tenant) to take exclusive possession of land in considera on for rent, with or without a premium, either:a. for an agreed period; or b . on a periodic basis un l formally terminated. 3. Under the Landlord and Tenant Act 1954, sec on 69(1), this ‘means a tenancy created either immediately or deriva vely out of the
Glossary of Property Terms — Retail
Tenancy 1. Strictly speaking, the interest of a person holding property by any right or tle, eg a joint tenant (which has nothing to do with landlord and tenant, per se). 2. More usually, an arrangement, whether by formal lease or informal agreement, whereby the owner (the landlord) allows another (the tenant) to take exclusive possession of land in considera on for rent, with or without a premium, either:a. for an agreed period; or b . on a periodic basis un l formally terminated. 3. Under the Landlord and Tenant Act 1954, sec on 69(1), this ‘means a tenancy created either immediately or deriva vely out of the freehold, whether by a lease or underlease, by an agreement for a lease or underlease or by a tenancy agreement or in pursuance of any enactment (including the Act), but does not include a mortgage term or any interest arising in favour of a mortgage by his a orning tenant to his mortgagee…’. Tenancy Agreement A lease for three years or less, not under seal. Tenant’s Repairing Lease A lease where the lessee is under an obliga on to maintain and repair the whole, or substan ally the whole, of the premises comprised in the lease. This meaning is also adopted for the purpose of Schedule A income taxa on. Upward‐only Rent Review A rent review where the rent payable following a review date is the greater of the rent payable immediately before the review or the amount calculated upon review under the terms of the lease. Vacant Possession The a ribute of an empty property which can legally be exclusively occupied and used by the owner or, on a sale or le ng, by the new owner or tenant. Zone A Value In the zoning method, the unit of comparison for rental purposes a ributed to the frontal zone of retail premises, eg €x per square metre. Zoning Method (Zoning Approach) A method of analysing the rental value of retail space (usually on the ground floor) by dividing it into strips parallel with the main frontage. A different value per unit of space is a ributed within each strip corresponding to
its rela ve ability to achieve sales/profit, the most valuable space normally being towards the front. The zone depth can vary. The standard depth is six metres but there are specific loca ons where it can be different, eg Oxford Street or Bond Street in London.
Managing Director John Moran
+353 1 673 1637
Investment John Moran
+353 1 673 1637
Margaret Fleming
+353 1 673 1655
Max Reilly
+353 1 673 1658
Advisory Pauline Daly
+353 1 673 1625
Development Land Des Lennon
+353 1 673 1617
Office Agency Deirdre Costello
+353 1 673 1643
Tenant Rep Fionnuala O’Buachalla
+353 1 6731626
Retail Agency Stephen Murray
+353 1 673 1679
Lisa McGrane
+353 1 673 1638
Industrial Agency Nigel Healy
+353 1 673 1635
Property Management Michael Miland
+353 1 673 1657
Project & Development Services Andrew McCracken
+353 1 673 1675
Research Hannah Dwyer
+353 1 673 1656
