FOR SALE BY PRIVATE TREATY
McDonald’s Drive Thru,
Dublin Road, Lucan, Co Dublin
Secure Investment Opportunity (Tenant not affected)
311 sq m (3,352 sq ft) GIA
Property Highlights
Contact
• Purpose Built Drive Thru Restaurant
Jane Dolan
Email: [email protected]
Tel: 01 6399225
• Located Adjacent to the N4 Dual Carriageway Accessed
Directly from Junction 4A
• Self-Contained Drive Thru Restaurant and Dining Facility
Leased by McDonalds Restaurants of Ireland Limited on a 35
Year Lease from 2nd May 2005
• Unexpired Lease Term of 23.46 Years as of November 2016
• Current Passing Rent of €130,000 per annum
• Offers Sought in Excess of €1,770,000 reflecting a NIY of
7.03% assuming purchasers costs of 4.46%
Derry O’Neill
Email: [email protected]
Tel: 01 6399283
Cushman & Wakefield
164 Shelbourne Road
Ballsbridge, Dublin 4
Ireland
Tel: +353 (0)1 639 9300
cushmanwakefield.ie
McDonald’s Drive Thru, Dublin Road, Lucan, Co Dublin
The Location
Tenancy
Lucan is situated approximately 12 kilometres
west of Dublin city centre. It is predominately a
residential area. Major employment in the area is
provided by Liffey Valley Shopping Centre, HP,
Intel and IBM. Located close by is Adamstown SDZ,
when complete, this development will have 10,000
homes and a population of 25,000 people. Based
off the preliminary results from the 2016 Census, the
population has increased by 7.5% over the past 5
years..
The property is let in its entirety to McDonald’s
Restaurants of Ireland Limited on a 35 year lease
from 2nd May 2005. The current passing rent is
€130,000 per annum. The lease incorporates five
yearly upward only rent reviews based on the
premises as a whole. Further details available upon
request.
The property is situated on the Dublin Road
approximately 800 metres outside Lucan town
centre, one of Dublin’s fastest growing commuter
suburbs and conveniently situated just off the N4
dual carriageway which connects Dublin to Galway.
The property also benefits from being situated next
to one of Lucan’s busiest petrol filling stations, Maxol.
Description
The property comprises an exceptionally well
presented, single storey, purpose built McDonalds
Drive Thru restaurant.
The property trades as a Drive Thru restaurant and
has recently undergone a large refurbishment in
April 2016. A significant investment in fit-out by
the tenant is clear throughout the property.
Amply customer seating providing for approx. 90
customers.
Schedule of Accommodation
sq m
sq ft
GIA
311.39
3,351.73
NIA
273.93
2,948.54
Lease Map Area
962.00
10,354.87
All intending purchasers should satisfy themselves
in relation to floor areas
Covenant Information
McDonald’s is the largest chain of quick service
restaurants in the world. McDonald’s has been
operating in Ireland since 1977 and has more than
80 restaurants and over 4,000 employees.
McDonald’s Restaurants of Ireland Limited have a
D&B rating of “5A 2” with a tangible net worth of
€117,289,516. The company reported sales turnover
of €84,980,000 million for year ending 2015 as
per their year end accounts.
Title
We understand the property is held under
Freehold title.
Zoning
The property is currently zoned RES “to protect
and/or improve residential amenity” under the
South Dublin County Council Development Plan
2016 – 2022.
BER details
BER E1 Ber No. 800526576
Energy Performance Indicator: 1337.84 kWh/m2/yr.
Price
Offers Sought in Excess of €1,770,000 reflecting a
NIY of 7.03% assuming standard purchasers costs
of 4.46%..
Contact
Jane Dolan
Email: [email protected]
Tel: 01 6399225
Derry O’Neill
Email: [email protected]
Tel: 01 6399283
Cushman & Wakefield
164 Shelbourne Road
Ballsbridge, Dublin 4
Ireland
Tel: +353 (0)1 639 9300
Email: [email protected]
cushmanwakefield.ie
Conditions to be noted: A full copy of our general brochure conditions can be viewed on our website at http://www.sherryfitz.ie/terms or can be
requested from your local Cushman & Wakefield office. We strongly recommend that you familiarise yourself with these general conditions.
PSRA Registration Number: 002222.