Property Overview
- Features
- Location
- Description
- Tenancy
- Services
- Viewings & Further Information
- High profile parade of 11 no. single storey retail units plus car parking area
- Total income of €167,000 per annum from six tenants (seven tenancies), increasing to €171,000 per annum within four years with fixed rental uplifts agreed
- Weighted average unexpired lease term (WAULT) of just under 6 years.
- Scope to increase income further through leasing two vacant units (Units 5A & 5B)
- Additional car parking income estimated at €12,000 gross (further information available on request)
- Gross internal area of approx. 596 sq.m (6,418 sq.ft) of which 115.20sq.m (19%) is currently vacant
- Tenants include Mao at Home, Down Syndrome Ireland, Westend Barbers, & Washing Machine Co amongst others
- Total site area of approx. 0.18ha (0.45 acres) zoned VC (Village Centre)
- Tenants not affected
High profile parade of 11 no. single storey retail units plus car parking area Total income of €167,000 per annum from six tenants (seven tenancies), increasing to €171,000 per annum within four years with fixed rental uplifts agreed Weighted average unexpired lease term (WAULT) of just under 6
- High profile parade of 11 no. single storey retail units plus car parking area
- Total income of €167,000 per annum from six tenants (seven tenancies), increasing to €171,000 per annum within four years with fixed rental uplifts agreed
- Weighted average unexpired lease term (WAULT) of just under 6 years.
- Scope to increase income further through leasing two vacant units (Units 5A & 5B)
- Additional car parking income estimated at €12,000 gross (further information available on request)
- Gross internal area of approx. 596 sq.m (6,418 sq.ft) of which 115.20sq.m (19%) is currently vacant
- Tenants include Mao at Home, Down Syndrome Ireland, Westend Barbers, & Washing Machine Co amongst others
- Total site area of approx. 0.18ha (0.45 acres) zoned VC (Village Centre)
- Tenants not affected
Monastery Shopping Centre is situated on the northern side of Monastery Road, within the core retail area of Clondalkin town centre, approximately 10km south west of Dublin city centre.
Monastery Road is predominantly in commercial / retail use along its western end, close to the town centre. Retailers and commercial occupiers in the nearby area include, amongst others, Dunnes Stores (The Mill SC), Broe Auctioneers, East Village Coffee, Four Star Pizza, and Applegreen.
The area is well serviced by transport links with several Dublin Bus routes available within proximity to the property. the Arrow Rail Service (Dublin – Kildare line) is also available from Clondalkin Fonthill train station situated approximately 2.5km to the north of the property.
Monastery Shopping Centre is situated on the northern side of Monastery Road, within the core retail area of Clondalkin town centre, approximately 10km south west of Dublin city centre. Monastery Road is predominantly in commercial / retail use along its western end, close to the town centre. Retailers
Monastery Shopping Centre is situated on the northern side of Monastery Road, within the core retail area of Clondalkin town centre, approximately 10km south west of Dublin city centre.
Monastery Road is predominantly in commercial / retail use along its western end, close to the town centre. Retailers and commercial occupiers in the nearby area include, amongst others, Dunnes Stores (The Mill SC), Broe Auctioneers, East Village Coffee, Four Star Pizza, and Applegreen.
The area is well serviced by transport links with several Dublin Bus routes available within proximity to the property. the Arrow Rail Service (Dublin – Kildare line) is also available from Clondalkin Fonthill train station situated approximately 2.5km to the north of the property.
Monastery Shopping Centre comprises a single storey retail parade consisting of 11 no. units arranged in a roughly crescent formation around a tarmacadam covered car park (29 no. car spaces including 2 no. spaces for people with disabilities).
Some of the units (Units 1&2, and 7&8) have been amalgamated over the years, whilst others have been split into two units. Units 1 & 2 benefit from takeaway restaurant planning, while the others are in retail use.
The development is bounded by low rise stone walls to the front and features a local landmark clock tower (with signage) in the car park along Monastery Road.
Lisney is marketing the freehold interest in the entire development for sale.
| Unit No | Tenant | Term (yrs) | Lease Start | Earliest Expiry (inc Breaks) | Rent per annum |
| Unit 1 | Maoclond Limited t/a Mao | 20 | 01/09/2015 | 01/09/2025 | €22,500 |
| Unit 2 | Maoclond Limited t/a Mao | 20 | 01/09/2015 | 01/09/2025 | €22,500 |
| Unit 3 | Private Individual | 4.75 | 07/09/2021 | 06/06/2026 | €20,000 |
| Unit 4A | Lease with Private Individual with Solicitors for signing | 15 | 01/10/2021 | 30/09/2036 | *€20,000 |
| Unit 4B | Down Syndrome Ireland | 4.75 | 18/05/2018 | 17/02/2023 | €30,000 |
| Unit 5A | Vacant | N/A | N/A | N/A | €0 |
| Unit 5B | Vacant | N/A | N/A | N/A | €0 |
| Unit 6 | Beara Investments Ltd t/a Washing Machine Co | 15 | 20/12/2012 | 19/12/2027 | €20,000 |
| Unit 6A | Private Individual t/a Pro Kaza Traders | 4.75 | 17/05/2021 | 16/02/2026 | €10,000 |
| Unit 7 | BCMP Barbers Limited | 10 | 25/11/2019 | 24/11/2029 | €11,000 |
| Unit 8 | BCMP Barbers Limited | 10 | 25/11/2019 | 24/11/2029 | €11,000 |
| TOTAL | €167,000 | ||||
| * Lease in the process of being executed. Rent is to increase to €21,000 pa in Yrs 3&4 and €24,000 pa in Yr 5 of the Lease. | |||||
The car parking within the development is currently managed by Apcoa Parking and provides additional income. The forecast gross income for 2021 is approximately €12,000 which is expected to increase in 2022 with the lifting of lockdown restrictions. Further information on this income is available on request.
We understand that all main services are either connected or available for connection at the property.
For further information or to arrange a viewing, please contact Christopher Belton or Thomas Byrne of Lisney T: 01 6382750
Accommodation
| Unit No | Tenant | Area GIA Sq.M | Area GIA Sq.Ft |
| Unit 1 | Maoclond Limited t/a Mao | 63.05 | 678.72 |
| Unit 2 | Maoclond Limited t/a Mao | 55.38 | 596.06 |
| Unit 3 | Private Individual | 55.74 | 600.00 |
| Unit 4A | Private Individual | 82.68 | 890.00 |
| Unit 4B | Down Syndrome Ireland | 81.75 | 880.00 |
| Unit 5A | Vacant | 61.32 | 660.00 |
| Unit 5B | Vacant | 53.88 | 580.00 |
| Unit 6 | Beara Investments Ltd t/a Washing Machine Co | 54.91 | 591.00 |
| Unit 6A | Private Individual t/a Pro Kaza Traders | 29.36 | 316.00 |
| Unit 7 | BCMP Barbers Limited | 29.08 | 313.00 |
| Unit 8 | BCMP Barbers Limited | 29.08 | 313.00 |
| TOTAL | 596.23 | 6,417.78 |
*All statements contained in these particulars as to this property are made without responsibility on the part of the Agent or the Vendor and none of the statements contained in these particulars as to this property are to be relied upon as statements or representations of fact. All statements made are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers shall satisfy themselves by inspection or otherwise as to the correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation nor for the recission of the contract by either the Vendor or the Purchaser. Neither the Vendor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty in relation to the property. Lisney PSRA No: 001848
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