Nutgrove Shopping Centre, Rathfarnham, Dublin 14, Dominant South Dublin suburban shopping centre

Well-established and dominant retail destination in South Dublin Savills is pleased to present the sale of the controlling interest in Nutgrove Shopping Centre. The opportunity includes control of the management company, the extensive surface car park, and 66 of the 90 units within the 230,000 sq. ft scheme. Anchored by owner occupiers Dunnes Stores, Tesco and Penneys, the centre benefits from strong footfall, a low vacancy rate of c. 3%, and a diverse tenant mix. The recent opening of the Omniplex cinema has further enhanced the centre’s trading performance. With a total site area of c. 12.5 acres, the opportunity offers a myriad of future development angles, subject to PP. Nutgrove Shopping Centre is an established retail destination with a wide residential catchment area including the suburbs of Terenure, Rathgar, Dundrum and Churchtown. The centre is complimented by Nutgrove Retail Park which is directly adjacent, and Nutgrove Retail Centre, which is within 300m. The centre is exceptionally served by public transport, with multiple Dublin Bus routes providing frequent services to and from the surrounding suburbs. The Luas Green Line is located within a 20 minute walk at Dundrum, offering direct tram service to the city centre. The M50 motorway and N11 national route are located within an 8 minute drive. BER Rating B2 - G.