Property Description

An outstanding retail investment opportunity in one of Ireland's largest shopping centres, The Square, Tallaght, comprising 1,310 sq. ft. (121.7 sq. m.) NIA over an open plan café unit with a seating area and a remote storage area close by.

The property is let to Cosmas Tallaght Limited (trading as O'Briens Café) on a 10-year lease from 16 September 2024, with a term certain of 4.46 years and a WAULT to expiry of 9.46 years as of April 1st, 2025. The rental income is as follows: €37,500 per annum in the first year, €75,000 per annum in the second year and €82,000 from year three onwards.

The unit is ideally located in the biggest shopping centre in Tallaght, a southwest suburb of Dublin, with a significant catchment area. The property is easily accessible by numerous ways of transport including the Luas Red Line, which stops directly outside the Centre as well as ample Dublin bus routes. The M50, Dublin's main motorway, is 2.5 km to the east.

The Square is home to over 160 retail units and restaurants and a 13-screen cinema across 575,000 sq. ft. of space. Anchor tenants include Tesco, Dunnes Stores, Penneys and JD Sports.


Features:
- Modern open plan café unit extending to approximately 1,310 sq. ft. (122 sq. m.) NIA
- Occupied by O'Briens Café franchise on a 10-year lease from 2024
- Passing rent of €82,000 per annum from year 3 onwards
- Located in The Square Shopping Centre, Tallaght
- WAULT of 4.46 to expiry as of April 1st, 2025


Location:
The Square Shopping Centre is situated in Tallaght, a southwest suburb of Dublin, approximately 9 km from the city centre. It is one of only five regional schemes that serves a significant catchment area.

Since the early 1970's, Tallaght has seen continued population growth and developed from a small village to one of Dublin's "new towns".

The 2022 Census shows that the suburb's population stands at 81,022. Tallaght is the third largest population centre in the country.

The centre is easily accessible. In addition to being within walking distance of a large catchment, the LUAS Red Line stops directly outside the centre providing access to the north city centre in 37 minutes, whilst numerous Dublin bus routes serve the area. The M50, Dublin's main motorway, is 2.5km to the east.

The Square is home to over 160 retail units and restaurants and a 13-screen cinema across 575,000 sq. ft. of space. Anchor tenants include Tesco, Dunnes Stores, Penneys and JD Sports.

Annual footfall is in the region of 22.2 million, with 4.64 million car park users.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 11 days ago