For SaleIn One or Two Lots

Charleville Town Centre, CORK

Town Centre Investment Opportunity

CHARLEVILLE TOWN CENTRE,

Charleville, Cork

LLOYDS PHARMACY,

Charleville Town Centre, Charleville, Cork

• Current actual rental income €180,000 per annum exclusive

• Substantial Asset Management Opportunity

• Significant Reversionary Potential

The Development

• 40km south of Limerick • 60km north of Cork city

Town Centre LocationThe Opportunity

4,265 sqm Scheme

294 sqm Unicare Pharmacy T/A Lloyds Pharmacy with 16 years unexpired

450 car spacesAnchored by Dunnes Stores

Charleville Town is located on the main Cork/Limerick N20 Road approximately 60km north of Cork city and 40km south of Limerick city with a population of approximately 4,000 (CSO 2011).

Charleville

Charleville town is serviced with a newly built Primary Care Centre. Dunnes Stores as anchor of Charleville Town Centre with SuperValu, Aldi and Lidl also having a presence in the town. There are 2 no. service/filling stations, 3 no. car show rooms and the 4 Star Charleville Park Hotel. Charleville has four primary and three secondary schools and Kerry Foods are a significant employer in the local and hinterland areas with a food production facility situated on approximately 40 acres on the edge of town.

Location

Clonmel

New Ross

Tralee

Killarney

Ennis

Rosslare

KildareNaas

Newbridge

AthyPortlaoise

Tullamore

Mullingar

Longford

Navan

Letterkenny

Cookstown

Armagh

ColeraineBallycastle

Omagh

Enniskillen

Lifford

Antrim

BallymenaStrabane

Portadown

Lisburn

Banbridge

Craigavon

Newtownards

Bangor

Larne

Carrick-fergus

Newry

Down-patrick

Trim

Dunboyne

Dundalk

DroghedaBettystown

Roscommon

Cavan

Carrick-on-Suir

Enniscorthy

Tramore

Carrigaline

Bandon

Mallow

Dungarvan

Youghal

Cobh

Midleton

Shannon

Nenagh

Thurles

Ballinasloe

Carrick-on-Shannon

Kells

Monaghan

Athlone

Tuam

Arklow

Gorey

Bray

Greystones

PortmarnockMalahide

Ashbourne

MaynoothLeixlip

Celbridge

Rush

SkerriesBalbriggan

Swords

Waterford

Galway Dublin

Belfast

Wicklow

Buncrana

Derry

Cork

Wexford

Kilkenny

Carlow

Sligo

Ballina

Westport

Castlebar

Limerick

KEYGateway/Linked Gateways

Hub/Linked Hubs

Rail Lines

New Rail Lines

County Towns, Other Towns (>5000) &Principal Towns in Northern Ireland(Source: CSO, population Census 2002)

Road, Rail, Airports & Ports Network

Airport

Transit Port

Charleville

The opportunity comprises a substantial purpose built commercial town centre development containing 17 no. retail units ranging from approximately 800 – 3,165 sq ft, 8 no. office units ranging from approx. 650 – 2,852 sq ft over ground and first floors , 1 no. first floor crèche extending to approx. 3,100 sqft, pub/restaurant extending to approx. 4,900 sqft and 1 no. 2 bed duplex apartment of approx. 850 sq ft.

7 of the office units front Bakers Lane and are laid out over ground and first floor with remaining office space and creche unit situated on the first floor with retail units at ground floor level and fronting the pedestrian shopping street. All available units are in shell and core condition. Dunnes Stores, who own their own store, is the anchor in the shopping centre and their premises extends to approx. 5,017 sq m (54,000 sqft), the scheme has 450 carparking spaces accessed from Bakers Lane and has travelators linking all levels of the car park to the retail areas. With the exception of Lloyds Pharmacy and Elverys Sports the scheme is predominately unlet providing significant asset management upside.

Description

Aldi

SuperValuKerry Foods

Tenancy Schedule

Unit Tenant Area Sqm Lease Start Lease End Term Years Rent Per AnnumService Charge Per

Annum

12Unicare Pharmacy Ltd., T/A Lloyds Pharmacy

294 13/10/08 12/10/33 25 €180,000 €9,530

Note: Landlord Service Charge & Insurane Liability €138,470 p.a. excl. (current)

BER Rating

Full Building Energy Rating Certificates and Advisory Reports are available on request.

Guide Price€1,950,000 for the entire.

Offers for the Charleville Town Centre and Unicare investment will be considered as separate lots.

SolicitorsSheena Beale. Kane Tuohy Solicitors The Malt House NorthGrand Canal QuayDublin 2 T: 01 6722233

ViewingViewings are strictly to be arranged through the selling agent. This is an investment sale and as a result tenancies are not affected.

Margaret Kelleher Tel: 021-427 5079 Email: mkelleher@lisney.com

Mark Kennedy Tel: 021-427 5079 Email: mkennedy@lisney.com

Not Available

For Sale For identification purposes only.

*All boundary outlines are for identification purposes only and are subject to title

Lisney, 1 South Mall,

Cork, T12 CCN3

T: 021-427 5079

E: cork@lisney.com

These particulars are for guidance only and do not form part of any contract. All statements contained in these particulars as to the property are made without responsibility on the part of the agents or the vendor and none of the statements contained in these

particulars as to the property are to be relied on as statements or representations of fact. 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 rescission of the contract by either the vendor or the purchaser. They are issued on the understanding that all negotiations will be conducted through this firm. Lisney PSRA: 001848.