Address
Hambleden House
19-26 Pembroke Street Lower
Dublin 2
D02 WV96
Ireland
»Map
Contact Us
Phone: +353 (1) 6477900
Fax: +353 (1) 6477901
Email: info@bannon.ie
Terms Agreed
Griffeen Centre, Lucan, Co. Dublin
Resilient Neighbourhood Investment Opportunity
- Modern Purpose Built Neighbourhood Centre
- Extending 2,744.91 sq.m. (29,546 sq.ft.)
- Excellent tenant line-up includes Musgraves Ltd (trading as Centra), Giraffe Childcare Ltd, McCabe’s Pharmacy, Boylesports and Pizza Hut
- 5.88 years to break – 7.72 years to expiry
- High Occupancy Rate of 95%
- Net Operating Income of €682,406 per annum
- 94 Surface Car Parking Spaces
- Asset Management Opportunities on Purchase
Guide Price – €6,600,000 / NIY of 9.4% off NOI
Location
The Griffeen Centre is located in the South Dublin suburb of Lucan, a well-established residential area situated approximately 15km from Dublin City Centre. The local neighbourhood scheme is positioned between the Lucan and Clondalkin Villages and is situated at the corner of Griffeen Road and Griffeen Avenue.
The immediate vicinity is dominated by housing estates and the scheme serves as the primary convince and service centre for the immediate locality. Griffeen Valley Educate Together and Lucan Educate Together schools are both positioned adjacent the Centre.
The area is seeing a significant amount of residential development with the Adamstown and Clonburris Strategic Development Zones (SDZ’s), both in close proximity to Griffeen Centre, set to deliver nearly 20,000 new homes combined. There a multiple bus stops along Griffeen Road and Griffeen Avenue and the Kishoge Train Station 850m (approx.) from the Centre is set to open in December 2023.
Description
The Griffeen Centre comprises a modern, convenience led neighbourhood centre incorporating retail accommodation, a crèche, medical centre and a landmark restaurant together with five individual office suites.
The neighbourhood centre benefits from an excellent tenant mix with a focus on daily shopping uses that drives strong footfall and serves the local community. The centre comprises three individual two storey blocks, extending to approximately 2,744.91 sq m (29,546 sq ft) centred around a large surface level car park that provides convenient access from Griffeen Avenue. Delivery access and waste storage is provided to the rear of the development.
Find on Map
Rod Nowlan
- 01-6477900
- rnowlan@bannon.ie
- PSRA Licence Number: 001830-002131