Lucan Centre, Dublin
POA For Sale 12,007.00 sqm approx- Lucan is a popular residential suburb situated in West Dublin with excellent transport links into Dublin City Centre
- Lucan Centre extends to 12,007 sqm (129,252 sq. ft) comprising 24 retail units on a total site area of approximately 3.8 hectares (9.5 acres)
- Benefits from free car parking for 702 cars (451 ground and 251 basement)
- Anchored by SuperValu, McDonalds, Dunnes Stores (Owner Occupied) and Starbucks along with the town centre library
- Passing income of €2,737,180 pa with reversionary potential
- 60% of the income is secured against SuperValu Supermarket (with a parent guarantee from Musgrave Plc) on a new 20 year lease
- WAULT of over 13.7 years and 12.8 years to earliest break
- A number of deliverable asset management opportunities exist in the short term to drive income and significantly improve the average unexpired lease term
- Full planning permission in place to develop an extension of an additional 1,574 sqm (16,936 sq. ft) (gross) across two units with the potential to construct a drivethru pod at the northern elevation of the surface car park
- Significant potential for the development of residential on the surface car park (subject to planning)
- Freehold Title
Ber Rating
