Coldwell Banker Commercial offers for sale this excellent Investment Opportunity with a Blue Chip covenant.
The Investment property consists of the Applegreen Service Station and complementary commercial outlets on a plot of C.1acre in an excellent trading location on Sallins Road, Naas ,Co Kildare which is only 30 minutes from Dublin off the main motorway to Cork City.
The property is let to Petrogas Group Ltd/Applegreen PLC under a 21 year FRI lease from 26th October 2016.
Forecourt with 4 x Double sided pump terminals under canopy
Auto and Manual double bay Car Wash systems and Valeting
ATM, Parcel Motel, Self Service Launder-Mat, Automatic
Truck Refuelling, associated stores, toilets and workshop.
C.270 sq.m. (net) Convenience Store with off- licence ,Deli with Seating Area and Toilets.
ATM., Office. Staff facilities.
Extensive Storage space to first floor of building
Generous customer parking
Site Area 0.38 Ha.
Lease and Investment Highlights:
- Let to Petrogas Group Ltd /Applegreen PLC
- Term 21 years from 26th October 2016
- No break until October 2031
- Rent 130k until October 2021 , then 145k until 2026 and market rent thereafter reviewed 5 yearly
- Gross Yield: 6.4% until 2021. Then 6.9% from 2021 until 2026
- User : Service Station with complimentary convenience store and other commercial offerings
- Plot size C. 1 acre
- PRICE 1.9 million
GPS Co-ordinates: 53.2261165 -6.65986090
1.5 kms from Main Street Naas on Sallins Road towrdas the M7 AND n7.
Strictly by prior appointment only with Nick Hughes Coldwell Bankers Commercial 01 455 4752 or Joint Agent Gerard Farrelly McPeake Auctioneers 01 827 2300
Subject to Contract/Contract Denied
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.We shall have no liability for any errors in the measurements and interested parties should conduct their own survey