Greenhills Retail Park on the market for €3.5 million

By Brendan Grehan 

GREENHIILLS Retail Park, which is just on the Greenhills Road across from Harvey Norman, is on the market for €3,500,000.

J P and M Doyle are handling the sale of this 27,688 sq ft investment property which is located just 500m from Tallaght town centre, 8 km south-west of Dublin city centre, and 2 km west of the M50 motorway at Junction 11 (Tallaght Exit).

The property comprises a modern three-storey, over-basement building, extending to approximately  2,572 sq m (27,688 sq ft), subject to seven tenancies, arranged in four retail units, car showrooms, and two floors of offices over a basement car park of 70 spaces, and extensive forecourt parking.

The property is built to a high specification, and is being sold fully let, with excellent occupiers including: Stuarts Garages, Day Break convenience store/ Subway, Fiona Todhunter Bridals, Pizza Hut, Tanzone, Thornton Group and Pieta House.

The current passing rent is €264,000, excluding outgoings, rising to €299,000 by 2020. Each area has independent access and the offices are air-conditioned with lift access to all floors, and attractive reception area with ample circulation areas.