mcdonald’s & kfc - bannon

MCDONALD’S & KFC

Drive-Thru Restaurants, Charlestown, Dublin 11

SecureInvestment

Opportunity(Tenants not affected)

Joint agents

FOR SALEBY PRIVATE TREATY INVESTMENT

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Secure Investment Opportunity

MCDONALD’S & KFC


EXECUTIVE SUMMARY• Newly developed drive-thru centre situated within

the Charlestown Shopping Centre scheme which is anchored by Dunnes Stores.

• Directly adjacent J5 of the M50 and close to the established North Park Business Park, North Road and established residential developments.

• Two self contained drive-thru restaurants and dining facilities occupied by McDonald’s and KFC on long leases (Money Weighted term Certain circa. 16 years).

• Cumulative passing rent of €291,400 per annum.

MCDONALD’S & KFC


Secure Investment Opportunity

M50

St. Margaret’s Road

Surface Car Park

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150,000 sq ft of commercial Space285 Apartments

Phase 1

65,000 sq ft (pipeline)

Phase 2

Phase 3

Charlestown Cinema

110,000 sq ft cinema & leisure

complex

Phase 2A

LOCATIONThe Charlestown drive-thru centre is situated within the Charlestown Shopping Centre Complex. The scheme can be easily accessed from J5 of the M50 providing easy access to customers traveling from the North and West. The immediate area to the east and south predominantly comprises modern and established housing schemes such as Meakstown which provide a significant catchment for the restaurants. Separately, land uses to the west and south are for the most part commercial with the established North Park Business Park and Joe Duffy motors immediately adjacent.

The area and its immediate environs has a population in the order of 31,440 persons (Census 2011) whilst the M50, immediately north of the scheme, is Ireland’s busiest road carrying in excess of 100,000 vehicles per day.

Charlestown Shopping Centre, is anchored by Dunnes Stores and opened for trade in October 2007. Since inception the 150,000 sq ft scheme has enjoyed excellent occupancy and is due to launch its new 9 screen Odeon Cinema and leisureplex in early Spring 2014 which will add considerably to the existing line up of the centre.

M50

M50

M50

M1

N1

N2

N3

N7

N81

R117

N11

N4

LUAS

Whitehall

Milltown

Stillorgan

BlackrockRathfarnham

Palmerstown

Ballyfermot

Crumlin

Finglas

BalgriffinSutton

Raheny

Howth

Dundrum

Donaghmede

Clontarf

Malahide

Portmarnock

Liffey Valley

Blanchardstown

DUBLIN

DART

DART

MCDONALD’S & KFC


Unit A – KFC

Ground Floor 235 sq m (2,530 sq ft)

Mezzanine 133 sq m (1,432 sq ft)

Unit B

McDonalds 300 sq m (3,229 sq ft)

MCDONALD’S & KFC


* The mezzanine is a tenant fit-out thus disregarded for rent review purposes.

ACCOMMODATION

Unit A – KFC Sq m Sq ft

Ground Floor 235 sq m 2,530 sq ft

Mezzanine 133 sq m 1,432 sq ft

Unit B

McDonald’s 300 sq m 3,229 sq ft

TOTAL 668 sq m 7,190 sq ft

DESCRIPTIONThe drive-thru restaurants are located within the Charlestown scheme and are situated on the link road between North Road (M50) and St. Margaret’s Road.

Situated directly adjacent to the Charlestown Shopping Centre and 9 screen cinema and leisureplex the units enjoy excellent profile and benefit considerably from the immediate shopping

centre occupancy together with the commercial and residential occupiers nearby.

The restaurants were constructed by G&T Cramptons for Bovale Developments to tenant requirements in 2012 and thus comprise modern drive-thru format stores with high level glazing and excellent accessibility. Ample on site car parking is provided for the restaurant patrons.

TENANCYUNIT A

Dun & Bradstreetcredit rating of 2A 4.

COVENANTMBCC Foods (Ireland) Ltd operate

the KFC, Pizza Hut and Costa Coffee Brands in Ireland and

recorded 53% increase in profits for 2011 to 2012.

MBCC Foods (Ireland) Ltd reported turnover of €38.7m to 31st January 2012 and a profit

before tax of €2.3m.

Let to MBCC Foods (Ireland) Ltd t/a KFC under a 25 year lease from 31st January 2012. The current passing rent is €141,400 per annum. The tenant has an option to terminate the lease on the 10th anniversary of the term (2022).

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TENANCYDun & Bradstreet

credit rating of 5A 2.

UNIT BLet to McDonald’s Restaurants of Ireland Limited t/a McDonald’s under a 25 year lease from 31st January 2012 with no break options. The current passing rent is €150,000 per annum.

The company recorded turnover of €77.9m to Dec 2011 and is listed as having a tangible net

worth of €81.7m.

McDonald’s Restaurants of Ireland Ltd is the principal

trading company for McDonald’s in Ireland.

COVENANT

MCDONALD’S & KFC


19/26 Hambleden House, Pembroke Street Lower,Dublin 2. David Carroll+353 1 647 [email protected]

Rod Nowlan+353 1 647 [email protected]

PSRA:1830PSRA: 1528

3rd Floor, Connaught House,1 Burlington Road, Dublin 4.

Natalie Brennan+353 1 618 [email protected]

Willie Norse+353 1 618 [email protected]

JOINT AGENTS:

These particulars are issued by Bannon and CBRE on the understanding that any negotiations relating to the property are conducted through them. While every care is taken in preparing them, Bannon and CBRE, 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 and CBRE nor any of its employees have any authority to make or give any representation or warranty in relation to the property.

TITLEFreehold/Long Leasehold

SOLICITORSSmith Foy & Partners59 Fitzwilliam SquareDublin 2

Raymond Smith+353 1 [email protected]

VIEWINGSViewings are strictly by appointment through the joint selling agents.

BERUnit A BER No. 800209280

Unit B BER No. 800209272

http://www.avalanchedesign.ie

mcdonald’s & kfc - bannon

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