Childers Road Retail Park, Childers Road, Limerick

For Sale18,551 sq m
B2 > E2
  • 1,222 car parking spaces
  • Guide Price €44m
  • Occupiers include Dunnes Stores, Next, Burton, Boots
  • Subject to Contract/ Contract Denied

Full Description

www.childersroad.com

Prime Retail Park Investment Opportunity

Childers Road Retail Park, Limerick is one of the finest retail park developments in Ireland with parking for 1,222 cars and a total area supplying over 18,551 sq m of retail space excluding the large Dunnes Stores department store at the heart of the Park (which is held long leasehold by the occupier).

It is the most dominant park in the region and is fully-leased with occupiers including top names such as Next, Burton, Smyths Toys, Boots and Heatons. The tenant mix has been further enhanced by the recent addition of The Range, an established Home & Garden brand from the UK that results in the Park being fully-occupied.

The current income on the scheme is approximately €3.22m and leased to 14 tenants with an average unexpired lease term of 7.37 years.

Joint agents HWBC and DTZ are guiding €44m reflecting an NIY of 7% after allowance for standard acquisition costs of 4.46%

Further information is available at property website detailed below.

Subject to Contract/Contract Denied

Property Contacts

Jenny Prunty

Chartered Surveyor

Email: jprunty@hwbc.ie

01-775 052601-775 0526

Childers Road Retail Park, Childers Road, Limerick

For Sale

Childers Retail Park, Childers Rd, Limerick, Ireland