BEECHMOUNT SHOPPING CENTRE & ADJOINING SITENAVAN, CO. MEATH

FOR SALE - BY PRIVATE TREATY (TENANTS NOT AFFECTED)HIGH YIELDING RETAIL INVESTMENT WITH ADJOINING DEVELOPMENT SITE

(AVAILABLE IN 1 OR MORE LOTS)

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• High yielding retail and office investment opportunity with adjoining 1.58 Ha. (3.90 Acres) site

• Adjoining 1.58 ha (3.90 Acre) site zoned objective “C1” mixed use

• Current Rent receivable of €419,715 per annum with immediate opportunity to increase

• 98% occupancy

• 1 km south of Navan town centre

• Town Population of 28,559 (2011 Census)

SUMMARY

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• Navan has a population of 28,559 (2011 Census)

• Fifth largest Town in Ireland

• 46 Km north west of Dublin

• Located along M3 Motorway

• Beechmount Shopping Centre is located on the Trim Road less

than 1km from Navan town centre

• Surrounded by mature residential estates

• Local employers include Tara Mines, Energie and Welsh Allyn

LOCATION

To Town Centre u

Beechmount SC & Adjoining Site

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DESCRIPTION• Neighbourhood scheme of 3,096 sq.m

• 160 metre road frontage to Claremont Avenue and the Trim Road

• Anchored by a 2,121.4 sq.m SuperValu with a further 80 sq.m at first floor

• 8 retail units & 2 office units comprising of approximately 919 sq.m with extensive on site surface car park with approximately 150 spaces

• 98% occupancy

• Adjoining undeveloped site of 1.58 ha (3.9 Acres) zoned “Objective C1” - Mixed use

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SHOPPING CENTRE FLOOR Floor

Sq m Sq ft XXXXXX XXX XXXXXX XXXXXX XXX XXX

*XXXXxxxxxxx

8

7

6

5

ATM

43

21

SHOPPING CENTRE FLOOR PLANSCHEDULE OF AREAS

Unit Tenant Trading As Area Sq Ft

Ground Floor

1 Anthony & Luigi Pacini Gino's Take Away 783

2 Vacant _ 596

3 Emer O'Driscoll O'Driscolls Pharmacy 836

4 Daniel & Lilanna Ichim Dodo Restaurant Ltd 717

5 Tanya Kelly Petals & Pressies 510

6 Frank Burke & Roisin Burke Bubbles Laundrette 442

7 Linda Tolan Hairwaves 468

8 Sean Fox Foxes Bookmakers 382

Supermarket O’Birds Foodmarket Ltd Super Valu 23,699

ATM Allied Irish Bank Plc Banklink 64

First Floor

First Floor-Unit The Health Service Executive HSE Office 4,384

First Floor-Unit 1 Tenant: Caroline Kane Guarantor: Stephen Kane Precious Moments 448

TOTAL 33,329

Note: A new unit of circa. 740 sq ft will be created between unit 5&6 post completion of tenant fit out works (O’Bird’s Supervalu). Purchasers should satisfy themselves as to the accuracy of the floor areas provided above.

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TENANCY SCHEDULEUnit Tenant Trading As Area Sq Ft Start Date Lease Expiry Lease Term (Years) Rent Recievable

Ground Floor

1 Anthony & Luigi Pacini Gino's Take Away 783 06-Jul-01 05-Jul-21 20 €32,500

2 Vacant _ 596 _ _ _ _

3 Emer O'Driscoll O'Driscolls Pharmacy 836 01-Oct-01 30-Sep-21 20 €35,000

4 Daniel & Lilanna Ichim Dodo Restaurant Ltd 717 01-Sep-01 31-Aug-21 20 €20,799.96

5 Tanya Kelly Petals & Pressies 510 31-Mar-02 Overholding _ €9,427

6 Frank Burke & Roisin Burke Bubbles Laundrette 442 01-Nov-02 31-Oct-22 20 €0

7 Linda Tolan Hairwaves 468 No Lease _ _ €10,564

8 Sean Fox ** Foxes Bookmakers 382 No Lease _ _ €9,545**

Supermarket O’Birds Foodmarket Ltd*** Super Valu 23,699 July 2015 2035 20 €250,000

ATM Allied Irish Bank Plc **** Banklink 64 24-Oct-01 Overholding _ €6,500

First Floor

First Floor-Unit The Health Service Executive HSE Office 4,384 01-Apr-12 31-Dec-16 4.75 €37,250

First Floor-Unit 1 Tenant: Caroline Kane Guarantor: Stephen Kane Precious Moments 448 19-Jun-02 16-Jun-22 20 €8,130

TOTAL 33,329 €419,715

** Unit 8 - New lease pending with bookmaker at €9,545 per annum.*** Supermarket - Tenant Break Option in year 10. **** ATM - Lease renewal underway.

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DEVELOPMENT SITE / ZONING

• The un-developed site adjoining Beechmount

extends to 1.58 ha (3.9 Acres) in total with

extensive frontage onto the Claremont Avenue.

• Site is zoned “Objective C1” under the

Navan Development Plan 2009-2015

• Zoning - “To provide for and facilitate mixed

residential and business uses in existing mixed

use central business areas”

Navan Development Plan2009-2015

Navan Development Plan2009-2015 PDF

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AGENTS

These particulars are issued by Bannon on the understanding that any negotiations relating to the property are conducted through them. While every care is taken in preparing them, Bannon, for themselves and for the Vendor/lessor whose agents they are, give notice that: (1) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (2) Any representation including description, dimensions, references to condition, permissions or licences for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (3) Bannon nor any of its employees have any authority to make or give any representation or warranty in relation to the property.

Property Consultants and Chartered Valuation SurveyorsHambleden House19/26 Pembroke Street LowerDublin 2

CONTACT

David Carrolldcarroll@bannon.ie

Rod Nowlanrnowlan@bannon.ie

Paul Doylepdoyle@bannon.ie

PSRA: 001830

TITLE Freehold and Long Leasehold

SOLICITOR Sheehan & Company Solicitors 1 Clare StreetDublin 2

STREETVIEW

Click here for streetview

BER

LOT 1Beechmont Shopping Centre and Car Park with the benefit of the existing occupational tenancies and rental income.

LOT 21.58 ha (3.9 acre) site adjoining Beechmount Shopping Centre.

LOT 3The Entire.

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