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Meridian Point Shopping Centre, Church Road, Greystones, Co. Wicklow
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Meridian Point Shopping Centre, Church Road, Greystones, Co. Wicklow

€5,500,000

28029 sq. ft.

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 28029 sq. ft.
Investment Highlights - High-yielding retail investment opportunity - Established, successful centre, enjoying 100% occupancy and rising footfall - Prime location in the heart of thriving Greystones - Key commercial hub in north Wicklow and expanding residential commuter location for Dublin - Comprising total of 20 tenancies, anchored by Sports Direct and An Post with over 180 surface car-parking spaces - Generating a current rental income of €607,652 p.a. producing a NIY of 10.05% - WAULT of 7.25 years to lease expiry and 5.81 years to break Location Meridian Point is a busy shopping centre off Greystones main thoroughfare (Church Road), comprising a range of retail units facing on to a central courtyard, boasting a mix of international, national and local retailers, with generous car-parking to the rear. Greystones is a thriving coastal town in north Co. Wicklow situated approximately 32km south of Dublin city centre and serving a wide catchment. The town benefits from excellent transport links. Description Meridian Point is 100% let and a modern, well managed and maintained centre, extending to approximately 2,604 sq.m. (28,026 sq.ft.) with 20 tenancies in total and 181 car spaces.

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BER Details

B3

Statistics

30/01/2023

Entered/Renewed

902

Property Views

Daft ID: 515005187

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Brendan Cronin

01 676 2711
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