August 2014 For further information contact Stephen Murray Lisa McGrane Kevin Daly Dave Egan Daniel Carthy Jones Lang LaSalle 10/11 Molesworth Street, Dublin 01 673 1600 www.jllie [email protected] Retail Agency JLL’s Retail Agency Department is comprised of the most experienced and dedicated team opera ng in Dublin today. The team has been involved in all forms of retail ac vity from leasing, sales, rent review, occupier acquisi ons and development advice. The strength of the team is evidenced by the number of very successful and high profile schemes with which it has been involved. These projects include regional development such as Blanchardstown Town Centre, The Square Town Centre Tallaght, Airside Retail Park, St. Stephens Green Centre, Dun Laoghaire Shopping Centre, Crescent Shopping Centre Limerick, Kildare Village, Parkway Shopping Centre, Omni Shopping Cente, Balbriggan Town Centre, Barrow Valley Retail Park, the Kyle Centre Portlaoise to name but a few. If you have a requirement or need advice in rela on to retail accommoda on or development, why not give us a call today on 01 6731600 in rela on to Key occupiers on whose behalf we act are detailed below and include: ‐ Boots Superdry Tiger PC World Curry’s Schuh Introduc on Shopping Centres Dublin (Northside) Dublin (Southside) Dublin (North City Centre) Dublin (South City Centre) Glossary of Property Terms McDonald’s Specsavers amongst others. Kevin Daly Stephen Murray Lisa McGrane [email protected] [email protected] [email protected] Surveyor European Director Na onal Director Amongst others, Jones Lang LaSalle has represented the following retailers Contents Daniel Carty David Egan [email protected] [email protected] Surveyor Surveyor Shopping Centres Blanchardstown Omni Park St Stephen’s Green The Blanchardstown Centre is Ireland’s largest Retail and Leisure des na on and is the number one ranked centre by CACI in the whole of Ireland. It is located 12km northwest of Dublin City Centre and is adjacent to the M50 Motorway network. The site area of Blanchardstown is 43 hectares with over 6,500 free car spaces. There are 195 shops comprising 116,000m2 of retail space. The total catchment of the centre is 1,014,394 with a primary catchment of 321,955 which is set to grow by 15% by 2010. Omni Shopping and Leisure is North Dublin’s leading shopping des na on anchored by Tesco and Penneys and Omniplex Cinema. St Stephen’s Green Centre is laid out over three levels and designed around a glass atrium. The new fashion mall is accessed directly from the mul ‐storey car park and provides a new pedestrian link from the exis ng mall to the Swords Road. Omni Shopping and Leisure is situated midway between Dublin Airport and the City Centre. The shopping centre provides 27,871m2 of gross retail accommoda on. There are a wide range of retail outlets with over 100 dis nct and diverse traders, including bars and restaurants. The centre is laid out over two separate levels with direct access in each instance to the 6,500 free adjacent surface car spaces. Since the original opening of the centre in 1996, the centre has grown in a controlled manner with phase II comprising the mul plex cinemas completed in 1997 and the extension of the Red Mall in 2004 delivering further anchor store Marks & Spencer. There are plans to extend the centre further with the new Yellow Mall set to open in 2009. Yellow Mall will provide 25 new retail units totaling 25,500m2 of new accommoda on designed to match the requirement of today’s more discerning shopper and diner. Key Retailers Debenhams Marks & Spencer Dunnes Stores TK Maxx Zara Loca on The centre occupies a pivotal town centre site of approximately 43 hectares to the Northwest of Dublin with prime frontage onto the N3 which links to the M50 junc on. There are over 1200 car parking spaces Key Retailers available in the mul storey car park which is Penney’s fully integrated with the shopping centre. The Easons shopping centre is adjacent to the green New Look LUAS line. Boots The pedestrianisa on of South King Street has Elvery’s enhanced accessibility to the surrounding H&M Tesco area. The adjacent development at South King Street which is opening in 2008 will have H&M and Zara anchoring the development. Loca on The Centre is bordered by the Swords Road and Santry Avenue and is within easy access of the M1, M50 and Port Tunnel and is well serviced by public transport. Key Retailers Dunnes Stores TK Maxx Lifestyle Sports Bene on Argos Mothercare Loca on The centre is located in the heart of Dublin City at the top of Gra on Street. It benefits from the LUAS terminal located directly outside the centre. Shopping Centres The Square, Tallaght Millfield Shopping Centre Monaghan Shopping Centre The Square Town Centre comprises 39,950m2 on three trading levels anchored by Dunnes Stores, Debenehams and Tesco. There is a mul plex cinema and approximately 3,000 free car parking spaces. The Balbriggan Town Centre accommoda on extends over two levels and includes Dublin’s largest Tesco store of 10,000m2 a large department store unit. There is also the benefit of ample parking facili es. Balbriggan Town Centre will suit a variety of users including fashion and convenience retailers. The Monaghan Shopping Centre comprises 8,8456.60 m2 single floor retail neighbourhood development. The centre provides the primary shopping offer in Monaghan County and offers customers 600 surface level car park spaces. Accordingly to 2011 census Monaghan Town has an urban popula on of 8,056 people. Approximately 40,000 people live within a 20 minute drive of Monaghan Shopping Centre. The Square is a regional scale shopping centre and the defacto town centre for Tallaght. There are mul ple restaurants on the third floor of the shopping centre including McDonalds and KFC. There are over 160 retail units within the centre with occupiers including Dixons, HMV, Specsavers and Champion Sports. Key Retailers Dunnes Stores Debenhams Tesco Boots H&M Loca on The Square Town Centre is located in West Dublin approximately 6 miles southwest of the City Centre and is strategically located on the Northside of the Tallaght by‐pass at its junc on with the Belgard Road. A short distance to the east, the Tallaght by‐ pass intersects with the M50 Motorway, Dublin’s orbital motorway route which allows access to all parts of the city. The LUAS Light Rail System also has a stop immediately adjacent to the shopping centre. Loca on It is situated in a pivotal loca on in Balbriggan in North Dublin on a site between the Naul Road, Clonard Hill and Harry Reynolds Road. According to the 2006 Census, the current popula on of Balbriggan’s urban area is 6,731 people. Key Retailers Tesco Boots Specsavers Easons McDonald’s Key Retailers Tesco McDonald’s Boots Specsavers Vero Moda Name It Jack and Jones Holland & Barre Loca on Monaghan Shopping centre is located off the west bound N 54, a 5 minute drive from the busy north bound N 2. Monaghan Town acts as the anchor town to a cluster of smaller satellite towns including Clones, Castleblaney, Carrickmacross and Emyvale. Shopping Centres South Gate, Drogheda Swords Central Kildare Village South Gate is a major mixed residen al, retail, office and leisure development on the southern edge of Drogheda. The scheme is currently under construc on and due for comple on in late 2008. Upon comple on it will include an anchor store of 3,200m2 and an addi onal 24 retail units ranging in size from 50 to 350m2. In addi on there will be a second anchor store of 1,000m2 available. This is a mixed residen al and retail development located in the centre of Swords. The development comprises 10,000 m2 of retail accommoda on and is anchored by a 4,555m2 Penneys department store. There are 14 addi onal units ranging in size from 71m2 to 728m2 and 320 on site car parking spaces. Kildare Village has been developed by Value Retail and is one of their 9 outlet villages around Europe. Kildare Village comprises 58 stores. The catchment draws from the 2.5million people who live within a 2 hour drive, 3.6million interna onal tourists who visit Dublin annually and the 7million interna onal tourists who visit the Republic of Ireland each year. The scheme is being developed by Shannon Homes (Drogheda) Limited, who have successfully sold over 1,000 units in the adjoining Grangerath housing estate. The development will include 600 car spaces at lower level, 4,500m2 of office space, a 1,200m2 gym, medical centre and a number of own door office suites. Key Retailers Dunnes Stores Loca on Drogheda is a major commuter town which has seen substan al residen al development over the last number of years with a popula on of 149,000 within a 25 minute drive. The residen al element comprises of 125 apartments. The scheme is located adjacent to The Pavilion Phase II Shopping Centre and is interconnected via an enclosed pedestrian walkway. The scheme comprises 11,000m2 and its second phase expansion is due to commence in 2014. Key Retailers Karen Millen Calvin Klein LK Benne Key Retailers Monsoon Penneys Reebok Ecco Shoes Free Spirit Coast Ralph Lauren An Post Ted Baker Loca on Loca on Swords is located 12 km from Dublin City Centre in close proximity to the M1, Dublin to Kildare Village is circa 35 minutes southwest Belfast motorway and 5km from Dublin of central Dublin, located adjacent to junc on Airport. Swords is a major commuter town 13 of the M7 Motorway which carries over and significant major employers include Fingal 9.4million cars past the village each year and its principal tourist route linking Dublin to the County Council, Central Sta s cs Office and Southwest and West of Ireland. The Northern Area Healthboard. Shopping Centres Nutgrove Le erkenny Retail Park The Nutgrove Shopping Centre is a vibrant and busy district scheme located on a prominent site at the junc on of Nutgrove Avenue and Nutgrove Way. The scheme is located directly opposite the new Nutgrove Centre Retail Warehouse and Office Scheme which is anchored by Homebase and will comprise approximately 20,000m2 of retail warehouse accommoda on. The significant amount of development in the immediate vicinity has further enhanced and cemented Nutgrove’s appeal as a retail des na on with convenient, easy access to free surface car parking. Le erkenny retail park comprises 31,701.13 m2 open planning consent development. This retail park is constructed in a cluster of 4 separate retail parks. Le erkenny Retail Park is the dominant retail des na on in Le erkenny town. It offers customers a wide variety of convenience and comparison shopping with ample surface level parking facili es. According to the 2011 census Le erkenny Town has a popula on of 19,588 people. We are currently marke ng the new food court development that will be constructed in 2008 and located in the central area between the centre’s anchors, Dunnes and Tesco. Key Retailers Argos Boots Tesco Dunnes Stores Penneys McDonald’s Loca on This centre is located at the junc on of Nutgrove Avenue and Nutgrove Way in the south Dublin suburb of Rathfarnham. Key Retailers H&M TK Maxx’s M&S Dunnes Stores New Look HMV Harry Corry Smyths Toys Homebase DIY Loca on The park is located in a prime posi on directly adjacent to Le erkenny Town. It is connected by the Port Road which links to the N14 to nearby towns of Strabane and Derry. Crescent Shopping Centre Limerick The Crescent Shopping Centre opened over 40 years ago in 1973 and comprises a current gross floor area of 31,148m2. The centre benefits from 2,400 free car spaces, 12 screen omni‐plex cinema, a variety of food uses and a total of approximately 90 retail units. The centre has added a number of addi ons. The last,phase Iwas completed in 2005 and includes Tommy Hilfiger, Zara and River Island, to name but a few. Key Retailers Penneys Tesco Zara Tommy Hilfiger River Island H&M Loca on Crescent Shopping Centre occupies a pivotal suburban site of approximately 10.37 hectares with frontage on two sides, one on the Limerick to Cork N20 road and also to the Dooradoyle Road. The shopping centre is approximately 2.3 km southwest of Limerick City Centre and has excellent access to the surrounding areas Dublin (South City Centre) DUBLIN (SOUTHSIDE) LOCATION DESCRIPTION TERMS CONTACT Unit 216, The Square Tallaght Dublin 24 High profile ground floor retail unit. Seeking offers in excess of €100,000 per annum Lisa McGrane Size: 102.93 m² Rates S/Charge Insurance: Unit 313, The Square Tallaght Dublin 24 Unit 23/24 Nutgrove Shopping Centre Rathfarnham Dublin 14 Unit 1CA Nutgrove Shopping Centre, Rathfarnham, Dublin 14 Excellent retail unit on Level 3 Quoting Rent €70,000 pa Size: GF: Mezz: Rates S/Charge Insurance: Size: Rates S/Charge Insurance: 167 m² Well locate external unit close to Argos Well locate external unit. Unique Café/Restaurant Opportunity adjacent to People’s Park and sea front. Size: Stephen Murray/ David Egan €10,643 pa €5,993 pa €438 pa Guiding a rent of €50, 000 per annum. 42.74 m² Rates S/Charge Insurance: Stephen Murray/ David Egan €13,261 pa €10,005 pa €646.07 pa €45,000 per annum 66..6 m² Rates S/Charge Insurance: Stephen Murray/ David Egan €28,117 pa €17,617 pa €1,057 pa €35,000 per annum. 103.4 m² Rates S/Charge Insurance: Stephen Murray €28,120 pa €20,846 pa €1,396 pa €90,000 per annum Size: 1-2 Windsor Terrace, Dun Laoghaire, Co Dublin 149 m² 84 m² Well located retail unit Size: Unit 39, Nutgrove Shopping Centre, Rathfarnham, Dublin 14 €33,534 pa €14,625 pa N/A Kevin Daly €4,943 pa €604.61pa €1,722 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. DUBLIN (SOUTHSIDE) LOCATION DESCRIPTION TERMS CONTACT Unit 2 Fonthill Retal Park, Clondalkin, Dublin 22 Situated in Phase 1 of the Retail Park with significant profile and frontage onto Fonthill Road. Seeking offers in the region of €126,000 per annum. Lisa McGrane Total Size: 1,790 m² GF: 914 m² Mezz: 876 m² Block A Greenhills Retail Park, Greenhills Road, Dublin 24 Former Xtravision and Car Showroom units available. Size: Xtravision: Showroom: Rates S/Charge Insurance: €51,434 pa €10,.222 pa €XXX pa Rent on application. Stephen Murray 187 m² 389 m² The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. Dublin (North City Centre) DUBLIN (CITY CENTRE NORTH) LOCATION DESCRIPTION TERMS The Foyer, Parnell Cineplex, Dublin 1 High profile restaurant unit Rent on application Size: Retail Unit, Mater Adult Hospital, Eccles Street, Dublin 7 301m² Rates S/Charge CONTACT €25,700 Est. €7,138 pa High profile retail unit, non-food uses only. Available under a new 9 year licence Size: Licence fee on application 72 m² Daniel Carty Kevin Daly Rates To be Assessed S/Charge €3,000 pa Insurance: To be Advised Unit 10 Bachelor’s Walk, Dublin 1 High profile retail unit, centrally located in the heart of Dublin City Size: 42.75 m² Rent €30,000 pa David Egan Available on flexible lease terms Rates S/Charge €4,215.86 N/A The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. Dublin (Southside) DUBLIN (SOUTHSIDE) LOCATION DESCRIPTION TERMS CONTACT Unit 216, The Square Tallaght Dublin 24 High profile ground floor retail unit. Seeking offers in excess of €100,000 per annum Lisa McGrane Size: 102.93 m² Rates S/Charge Insurance: Unit 313, The Square Tallaght Dublin 24 Unit 23/24 Nutgrove Shopping Centre Rathfarnham Dublin 14 Unit 1CA Nutgrove Shopping Centre, Rathfarnham, Dublin 14 Excellent retail unit on Level 3 Quoting Rent €70,000 pa Size: GF: Mezz: Rates S/Charge Insurance: Size: Rates S/Charge Insurance: 167 m² Well locate external unit close to Argos Well locate external unit. Unique Café/Restaurant Opportunity adjacent to People’s Park and sea front. Size: Stephen Murray/ David Egan €10,643 pa €5,993 pa €438 pa Guiding a rent of €50, 000 per annum. 42.74 m² Rates S/Charge Insurance: Stephen Murray/ David Egan €13,261 pa €10,005 pa €646.07 pa €45,000 per annum 66..6 m² Rates S/Charge Insurance: Stephen Murray/ David Egan €28,117 pa €17,617 pa €1,057 pa €35,000 per annum. 103.4 m² Rates S/Charge Insurance: Stephen Murray €28,120 pa €20,846 pa €1,396 pa €90,000 per annum Size: 1-2 Windsor Terrace, Dun Laoghaire, Co Dublin 149 m² 84 m² Well located retail unit Size: Unit 39, Nutgrove Shopping Centre, Rathfarnham, Dublin 14 €33,534 pa €14,625 pa N/A Kevin Daly €4,943 pa €604.61pa €1,722 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. DUBLIN (SOUTHSIDE) LOCATION DESCRIPTION TERMS CONTACT Unit 2 Fonthill Retal Park, Clondalkin, Dublin 22 Situated in Phase 1 of the Retail Park with significant profile and frontage onto Fonthill Road. Seeking offers in the region of €126,000 per annum. Lisa McGrane Total Size: 1,790 m² GF: 914 m² Mezz: 876 m² Block A Greenhills Retail Park, Greenhills Road, Dublin 24 Former Xtravision and Car Showroom units available. Size: Xtravision: Showroom: Rates S/Charge Insurance: €51,434 pa €10,.222 pa €XXX pa Rent on application. Stephen Murray 187 m² 389 m² The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. Dublin (Northside) DUBLIN (NORTHSIDE) LOCATION DESCRIPTION TERMS CONTACT Unit 204 Blanchardstown Centre Blanchardstown Dublin 15 Size: Retail Unit to Let Lisa McGrane/ David Egan GF: 570.61m² Rent €350,000 pa Rates €89,100 S/Charge €45,474 Insurance: To be advised Unit 314 Blanchardstown Centre Blanchardstown Dublin 15 Retail Unit to Let Size: GF: Mezz 270 m² 120 m² Lisa McGrane/ David Egan Rent €250,000 pa Rates Yet to be Rated S/Charge €8.47 psf net Insurance: To be advised Unit 455 Blanchardstown Centre Blanchardstown Dublin 15 Restaurant Unit to Let Size Rent €250,000 per annum Lisa McGrane/ David Egan 730 m² Rates €38,592 S/Charge €21,124 Insurance: To be Advised Hotel Retail Unit, Blanchardstown Centre Blanchardstown Dublin 15 Size: Unit 1A Airside Retail Park Swords Co Dublin High Profile Retail Unit Offers in excess of €290,000 Size: Rates S/Charge Insurance: Unit 1B Airside Retail Park Swords Co Dublin 213 m² Rent €60,000 pa Lisa McGrane/ David Egan Rates To be advised S/Charge €3 psf Insurance: To be advised 1,353 m² €2.00psf €22,080.96 €987.69 High Profile Retail Unit Offers in excess of €274,000 Size: Rates S/Charge Insurance: 1,275 m² Stephen Murray Stephen Murray €51,120 €22,808 €930.75 The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. DUBLIN (NORTHSIDE) LOCATION DESCRIPTION TERMS CONTACT Millfield Shopping Centre, Balbriggan New well located shopping centre anchored by 10,000 m2 two floors Tesco Store. Rent available on request . Kevin Daly Offers in the region of €25,000 per annum . Stephen Murray / Daniel Carty Units available from 50 m2 to 500 m2. Units K9 Omni Shopping Centre Santry Dublin 9 Well located kiosk unit located between Penney’s and Tesco. Size: 15m² Rates S/Charge Insurance: Unit K15, Omni Shopping Centre Santry Dublin 9 €XX €XX €XX Well located kiosks located on the new fashion mall Offers in the region of €25,000 per annum Size: Rates S/Charge Insurance: 12.5 m² Stephen Murray / Daniel Carty €XX €XX €XX . / Unit 16 Omni Shopping Centre Santry Dublin 9 Well located ground floor unit Size: Offers in the region of €50,000 per annum . 62.73 m² Rates S/Charge Insurance: Unit 27, Omni Shopping Centre Santry Dublin 9 Well located ground floor unit between Tesco and Penneys Size: Stephen Murray / Daniel Carty €8,018 pa €6,069 pa €165 pa Offers in the region of €50,000 per annum . 70.98 m² Rates S/Charge Insurance: Stephen Murray / Daniel Carty €8,532 pa €6,699 pa €182 pa . Unit 46, Omni Shopping Centre Santry Dublin 9 External unit directly facing the car park Offers in the region of €30,000 per annum . Size: Rates S/Charge Insurance: 121.42m² Stephen Murray / Daniel Carty €7,890 pa €5,021 pa €354 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. DUBLIN (NORTHSIDE) LOCATION DESCRIPTION TERMS Unit 208 Omni Shopping Centre Santry Dublin 9 Well located first floor unit Offers in the region of €55,000 per annum . Size: Rates S/Charge Insurance: . Unit 214 Omni Shopping Centre Santry Dublin 9 90 m² Well located ground floor unit Size: Stephen Murray / Daniel Carty 194 m² Well located first floor unit Size: €11,411 pa €18,287 pa €498 pa Offers in the region of €70,000 per annum . Rates S/Charge Insurance: .. Unit 222 Omni Shopping Centre Santry Dublin 9 Stephen Murray / Daniel Carty 194 m² Well located ground floor unit Size: Stephen Murray / Daniel Carty €8,224 pa €8,486 pa €231 pa Offers in the region of €70,000 per annum . Rates S/Charge Insurance: .. Unit 215 Omni Shopping Centre Santry Dublin 9 CONTACT €11,411 pa €18,287 pa €498 pa Offers in the region of €20,000 per annum . Stephen Murray / Daniel Carty 135m² Rates S/Charge Insurance: ... Units 223, 224, 225 and 229, Omni Shopping Centre Santry Dublin 9 Well located first floor units Unit 226 Omni Shopping Centre Santry Dublin 9 Well located first floor unit Awaited €18,287 pa €346 pa Offers in the region of €20,000 per annum . Stephen Murray / Daniel Carty Size: 153 m² per unit Rates S/Charge Insurance: ... Size: Awaited €11,472 pa €393 pa Offers in the region of €15,000 per annum . Stephen Murray / Daniel Carty 72 m² Rates S/Charge Insurance: Awaited €6,805 pa €184 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. DUBLIN (NORTHSIDE) LOCATION DESCRIPTION TERMS CONTACT Unit 233 Omni Shopping Centre Santry Dublin 9 Well located first floor unit on the new fashion mall Offers in the region of €21,000 per annum . Stephen Murray / Daniel Carty Size: Unit 237 Omni Shopping Centre Santry Dublin 9 112 m² Well located first floor unit on the new fashion mall Size: 255 m² Rates S/Charge Insurance: . €4,189 pa €8,398 pa €288 pa Offers in the region of €40,000 per annum . Rates S/Charge Insurance: .. Stephen Murray / Daniel Carty Awaited €18,745 pa €642 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. Regional OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT Unit 43/44 Patrick Street Cork Located on Cork City’s principal shopping thoroughfare. Rent On Application Cork Size: 328 m² Rates Insurance: Lisa McGrane/ €51,807 pa €XX pa Donegal Unit 02-04 Retail Park 1, Letterkenny Retail Park Leterkenny, Co Donegal Unit 2 Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal Unit 3 Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal Unit 2-3 Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal This unit is directly adjacent to Lidl and facing McDonald’s. Rent excess €300,000 pa Size: Rates S/Charge Insurance: 3,205.80 m² €66,188 pa €48,283 pa €4,514 pa Prime ground floor unit located between Dunnes and Homebase. Rent €90,000 pa Size: Rates S/Charge Insurance: 4471.95 m² Rent €90,000 pa Size: Rates S/Charge Insurance: Kevin Daly €XXX €5,303 pa €528 pa Prime ground floor unit located between Dunnes and Homebase. Rent €195,990 pa Size: Rates S/Charge Insurance: 943.90 m² Kevin Daly €XXX €5,303 pa €528 pa Prime ground floor unit located between Dunnes and Homebase. 471.95 m² Kevin Daly Kevin Daly €XXX €10,527 pa €1,055 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT Unit 8 Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal This end of terrace unit is close to Dunnes and Homebase. Rent excess €70,000 pa Kevin Daly Size: Rates S/Charge Insurance: Unit 11a Retail Park 3, Letterkenny Retail Park Leterkenny, Co Donegal 3,205.80 m² €XXX pa €7,809 pa €782 pa Prominent midterrace unit. Rent excess €35,000 pa Size: GF: Mezz: Rates S/Charge Insurance: 117.43 m² 117.43 m² Kevin Daly €XXX pa €1,638 pa €131 pa Kildare Kildare Village Outlet Shopping High profile retail units in Kildare Village, located just 60 minutes southwest of Dublin Rent on Request Lisa McGrane Size: Available on request Limerick Crescent Shopping Centre Unit 14/15 Crescent Shopping Centre, Limerick Unit located adjacent to the Central Concourse. Size: Unit 26X Crescent Shopping Centre, Limerick 140 m² Rates S/Charge Insurance: Unit located in an extremely busy location on the Garryowen Mall. Size: Grnd Flr: Rent on Application €9,053 pa €12,750 pa €1,155 pa Rent on Application 161 m² Rates S/Charge Insurance: Lisa McGrane/ Stephen Murray Lisa McGrane/ Stephen Murray €11,984 pa €14,505 pa €693 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS Unit 30X Crescent Shopping Centre, Limerick Units fronts onto the Library Mall directly adjacent to the escalators from the underground car park. Rent on Application Grnd Flr: Unit 31X Crescent Shopping Centre, Limerick Units fronts onto the Library Mall directly adjacent to the escalators from the underground car park. Grnd Flr: Unit 36 Crescent Shopping Centre, Limerick Located adjacent to the entrance to the Dooradoyle Mall with external access only. Size: Lisa McGrane/ Stephen Murray €7,000 pa €8,687 pa €470 pa Rent On Application 328 m² Rates S/Charge Insurance: Lisa McGrane/ Stephen Murray €7,610 pa €9,450 pa €454 pa Rent on Application 95 m² Rates S/Charge Insurance: Lisa McGrane/ Stephen Murray €11,984 pa €14,815 pa €802 pa Rent on Application 106 m² Rates S/Charge Insurance: Unit is strategically located within the centre fronting onto the Central Mall. Grnd Flr: Unit 49 Crescent Shopping Centre, Limerick 162 m² Rates S/Charge Insurance: CONTACT Lisa McGrane/ Stephen Murray €17,498 pa €30,013 pa €1,624 pa Limerick Arthurs Quay Shopping Centre Unit 16/16a Arthurs Quay Shopping Centre, Limerick High profile ground floor retail unit with external frontage onto Arthurs Quay and Patrick’s Street. Size: Rent excess €45,000 pa Rates S/Charge Insurance: Kevin Daly/ Stephen Murray €29,580 pa €24,038 pa Within S/C 247.12m² The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT Dundalk Retail Park, Dundalk, Co Louth XXXXX. Rent excess €XXX pa Lisa McGrane Louth Sizes: XXXX m² Rates S/Charge Insurance: €XXX pa €XXXX pa €XXX pa Meath Unit 6, Navan Retail Park Navan Co Meath Well located unit beside Halfords Size: Rent: €XXX pa Stephen Murray /Kevin Daly 697 m² Rates Not Yet Rated S/Charge €7,500 pa Insurance: €797.18 pa Unit 7, Navan Retail Park Navan Co Meath Well located unit beside Pet Mania Size: Rent: €120,000 pa Stephen Murray /Kevin Daly 929 m² Rates €15,595.89 pa S/Charge €10,500 pa Insurance: €1,210.65 pa Unit 9/10, Navan Retail Park Navan Co Meath Well located unit beside Pet Mania Size: Rent: €XXX pa Stephen Murray /Kevin Daly 1,627m² Rates Not Yet Rated S/Charge €17,500 pa Insurance: €1,860.08 pa Monaghan Unit 12 Monaghan Shopping Centre, Monaghan Well located ground floor unit directly facing Dealz. Size: GF: Mezz: 72.92 m² 40.97 m² Rent excess €25,000 pa Rates S/Charge Insurance: Kevin Daly €11,275 pa €4,840 pa €374 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT Unit 27 Monaghan Shopping Centre, Monaghan Prominent unit located close to the main entrance. Rent €45,000 pa Kevin Daly Size: GF: Mezz: Rates S/Charge Insurance: 116 m² 18.59 m² €10,791 pa €15,209 pa €823.44 pa Offaly Unit E Tullamore Retail Park, Tullamore Prime ground floor unit located beside Argos and Homebase Size: GF: Mezz: Unit G Tullamore Retail Park, Tullamore 720 m² 177 m² Rent: €100,000 pa Rates S/Charge Insurance: Prime corner unit opposite Burger King and adjacent to Heatons. Rent: Size: GF: Mezz: Rates S/Charge Insurance: 1,620 m² 318.94 m² Kevin Daly €16,178 pa €6,019 pa €896.84 pa €200,000 pa Kevin Daly €31,505 pa €13,724 pa €2,338 pa Sligo Unit 2 Sligo Retail Park, Sligo Unit 3 Sligo Retail Park, Sligo Prime unit located between anchors Currys and Homebase. Rent €140,000 pa Size: Rates S/Charge Insurance: 1,543.95 m² Prime unit located between anchors Currys and Homebase. Size: GF: Mezz: 1,403.02 m² 1,267 m² €35,243 pa €15,977 pa €1,231 pa Rent excess €130,000 pa Rates S/Charge Insurance: Kevin Daly Kevin Daly €35,630 pa €14,611 pa €1,041 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. OUTSIDE DUBLIN LOCATION DESCRIPTION TERMS CONTACT Unit 4 Sligo Retail Park, Sligo Prominently located ground floor retail unit. Rent excess €110,000 pa Kevin Daly GF: Rates S/Charge Insurance: Unit 11 Sligo Retail Park, Sligo Unit 14 Sligo Retail Park, Sligo 1,183.95 m² €30,604 pa €12,282 pa €946 pa Prime unit located between Harry Corry and Carpetright. Rent excess €100,000 pa Size: Rates S/Charge Insurance: 931 m² €22,422 pa €9,670 pa €745 pa Prime unit directly adjacent to Petland. Rent excess €60,000 pa Size: Rates S/Charge Insurance: 468.04 m² Kevin Daly Kevin Daly €11,275 pa €4,840 pa €374 pa The particulars and information contained in this listing are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction. Glossary of Property Terms — Retail Arcade A covered way or gallery for pedestrians, usually flanked by shops on one or both sides. Historically the roof was arched. Assign To transfer an interest in a property, especially a lease. Break Clause A clause in a lease (or other contract) which gives the landlord and/or the tenant (or one of the par es to the contract) a right, in specified circumstances, to terminate the lease (or contract) before its normal expiry date. It usually defines the length of no ce to be given and may (or may not) be subject to contractual or statutory financial provisions. Statutory provisions may affect contractual enforcement. Business Tenancy A tenancy of premises used for a ‘business’ by an occupier who enjoys security of tenure under Part II of the Landlord and Tenant Act 1954. Catchment Area 1. The area of land from which water finds its way into a par cular watercourse, lake or reservoir. 2. By analogy, the area which contains those people who can be expected to obtain goods, services, employment or other benefits from a par cular property. More especially related to retail premises, where the success of forecas ng depends on the accuracy of es ma ng the number of purchasers (catchment popula on) likely to be a racted from the different parts of the area and the average expenditure which might be expected from them. Chain Store One of a series of retail outlets under a single ownership, but now more commonly called a mul ple retail outlet. Each store with such a group will probably sell the same range of goods and have the advantage of central buying. Clear Title Unencumbered tle to real property, against which there are no claims, mortgages, voluntary liens, etc. Comple on The final stage in the legal process of transferring ownership of property, eg where the documents in connec on with the sale of land are signed, sealed and delivered. Contract A legally binding agreement. Two situa ons concern the disposal of land, namely: 1. before September 1989 – a contact for the disposal of an interest in land is unenforceable in the absence of a sufficient memorandum in wri ng (see sec on 40 of the Law of Property Act 1925) or a sufficient act of part performance by one or other of the par es: and, 2. from September 1989 – the Law of Property (Miscellaneous Provisions) Act 1989 provides that the contract must be made in wri ng and state all the terms agreed on by the par es. Convenience Goods Goods normally purchased without making any comparison with alterna ves, other than by price, including food and drink, tobacco, matches, newspapers, cleaning materials. Convenience Shop/Store A retail outlet selling convenience goods. In the case of the larger outlets a limited range of comparison goods may also be included. Convenience Shopping The process of buying one or more ar cles, not necessarily confined to convenience goods, either under one roof or from a number of units in close proximity to each other, providing for consumers’ specific regular shopping needs. Covenant 1. Strictly, an obliga on undertaken by a party and effected by deed, eg in a lease, obliga ons of the landlord or tenant. 2. A subjec ve assessment of the character and quality of a tenant in terms of being able and willing to comply with the terms and condi ons of the lease. In valua ons the quality of the covenant will normally influence the yield adopted. A tenant of sound standing is o en referred to as a ‘good covenant’. Department Store A, usually, mul ‐level retail property varying in size from one selling an extensive, but not comprehensive, variety of goods to one selling a full range of different lines. A dis nc ve feature of a department store is that it stocks a significant amount of clothing and household goods. District Shopping Centre A group of shops typically anchored by at least one supermarket. It is o en supplementary to a main town shopping centre and usually has an emphasis on the sale of convenience goods, but also offers a limited range of comparison goods. Due Diligence For any business, those steps taken, eg by prospec ve buyers or their professional advisers, to ensure opera ons are lawful and in accord with proper professional prac ce, including taking posi ve ac on rather than none. Factory Outlet An individual retail outlet or one a ached to a factory where goods may be sold. Depending on the circumstances, the prices will be either at a level not exceeding the manufacturer’s recommended minimum or at a special lower level. Fast‐food Shop Retail premises for the sale, o en under franchise, of light, fast‐cooked food for ea ng on the premises or taking away. Floor Area The aggregate superficial area of an individual floor or of a building, taking each floor into account. The RICS Code of Measuring Prac ce dis nguishes the following categories and should be consulted for full details: 1. gross external area (GEA) (formerly referred to as ‘reduced covered area’ or ‘gross floor space’. 2. gross internal area (GIA); and, 3. net internal area (NIA). Foo all The number of pedestrians passing through a building or area, eg a shopping centre. Franchise A business in which a franchisor licenses a franchisee to undertake certain business ac vi es, usually under the trade or business name of the franchisor. The franchisor may provide: a. Ini al services, which may include selec on of site and premises, fi ngs, staff training and sales promo on; and b. Running services such as bulk purchase of stock. The franchisee undertakes to pay a capital sum or royal es or both. Glossary of Property Terms — Retail Freehold In general parlance this is used as a shorthand for the tenure of an estate in fee simple absolute in possession. Strictly speaking, however, freehold includes fee simple, entailed interests (formerly ‘fee tail’) and tenancies for life. Gross Le able Area A term some mes used in rela on to managed shopping schemes to correspond broadly with the defini on of gross internal area in the RICS Code of Measuring Prac ce. Halving Back A method of applying a unit of rent to the zones of the area of a shop for rental valua on purposes, usually confined to the ground floor area. The principle is that the most valuable area of a tradi onal shop is to be found at the front, ie the display area, and that the value then declines with increasing depth. The shop is divided into zones, usually of equal depth, with the value of the first, ie the front zone, being €x per annum per sq or m2. Each successive zone is then ‘halved‐back’ in value, ie €x/2, €x/4, and so on, but where the depth is considerable a larger rear zone (‘remainder zone’) may be valued at a flat rate per sq or m2 without further halving back. If there is a rear or return frontage with direct access and possibly with window displays giving the prospect of addi onal custom, the value in rela on to zoning will be modified. Head of Terms Fundamental points of an agreement intended to form the basis of a formal contract. In a le ng these usually include dura on of the lease, the ini al rent and obliga ons and rights of the respec ve par es, such as rights of assignment, suble ng, maintenance, insurance and use. Internal Repairing Lease A lease under which all or some internal (but no external) repairs are the responsibility of the tenant. The extent to which external repairs are the responsibility of the landlord depends upon the wording of the lease. Kiosk A small enclosed retail outlet, normally without toilet facili es and occupying less than 15 m2 of retail floor space, frequently located on a public concourse or other place where it may remain open only during peak mes and be closed securely when there are no customers. Kiosks are now some mes included in managed shopping schemes. Lease 1. The grant, subject to considera on, of a right to the exclusive possession of land (or of the asset) for a definite period (or one capable of defini on) which is less than that held by the grantor. (A lease of more than seven years must now be registered with the Land Registry, previously it was for more than 21 years (see the Land Registra on Act 2002).) 2. The right so granted, ie the leasehold estate. 3. The document gran ng the right. In prac ce, the term ‘Lease’ is usually reserved for a lease under seal (a statutory requirement for a term of more than three years from the date of the grant). Licence 1. The lawful grant of a right of something which would otherwise be illegal or wrongful. It may be gratuitous, contractual or coupled with an interest in land. The grantor of a licence is the licensor and the grantee is the licensee. A licence does not of itself transfer any interest in the land but may authorise the licensee to enter the licensor’s land for some specific purpose, eg market trading. It differs from a tenancy in that the licensee does not have paramount control of the land and may only enter thereupon for the purposes of the licence; the licensor may enter the land and use it in any way not inconsistent with the rights of the licensee. However, a landlord may authorise by licence some act or omission by a tenant which would otherwise be a breach of the terms of the lease. 2. Some act or omission by a tenant which has been authorised by the landlord but would otherwise have been a breach of the terms of the lease. Mezzanine In a building of several storeys, an intermediate floor extending to a lesser area than the main floors. A structure within a single storey warehouse providing addi onal floor area, of lesser area than the main building. Mul ple Retail Outlet A retail outlet operated by an organisa on with 10 or more branches. Outlet Centre Generally an out of town centre featuring high quality brand manufacturing and ver cally integrated retailers selling their excess stock, overruns, last season’s stock and quality seconds, direct to the public at discounts of around 30% to 50% of the recommended retail price, in well presented and ac vely managed environments. Passing rent The rent which is currently payable under the terms of a lease or tenancy agreement. Prelet Colloquial term for a legally enforceable agreement for a le ng to take effect at a future date, o en upon comple on of the development that is proposed or under construc on at the me of the agreement. Retail Warehouse A retail store selling non‐food goods occupying a warehouse. Reverse Premium (Nega ve Premium) 1. A payment by the holder of a superior interest to a lessee in considera on of some benefit, eg an improvement in the terms of the lease from the landlord’s point of view. 2. Commonly, a payment by the owner of a leasehold interest to an assignee in considera on for relieving him of the liability. Service Charge The amount payable by a tenant on account of services provided by his landlord. Shopping Centre A central loca on where shops are grouped together to serve a local or wider popula on. Centres are classified in hierarchies order by func on and/or size, and by the area served. Specifica on A document which lists and describes all items of construc on in a building or engineering project in sufficient detail to ensure that a contractor has enough informa on to enable the project to be carried out. The specifica on describes the materials, form of construc on intended and the standard required in accordance with such plans and drawings as are provided. Tenancy 1. Strictly speaking, the interest of a person holding property by any right or tle, eg a joint tenant (which has nothing to do with landlord and tenant, per se). 2. More usually, an arrangement, whether by formal lease or informal agreement, whereby the owner (the landlord) allows another (the tenant) to take exclusive possession of land in considera on for rent, with or without a premium, either:a. for an agreed period; or b . on a periodic basis un l formally terminated. 3. Under the Landlord and Tenant Act 1954, sec on 69(1), this ‘means a tenancy created either immediately or deriva vely out of the Glossary of Property Terms — Retail Tenancy 1. Strictly speaking, the interest of a person holding property by any right or tle, eg a joint tenant (which has nothing to do with landlord and tenant, per se). 2. More usually, an arrangement, whether by formal lease or informal agreement, whereby the owner (the landlord) allows another (the tenant) to take exclusive possession of land in considera on for rent, with or without a premium, either:a. for an agreed period; or b . on a periodic basis un l formally terminated. 3. Under the Landlord and Tenant Act 1954, sec on 69(1), this ‘means a tenancy created either immediately or deriva vely out of the freehold, whether by a lease or underlease, by an agreement for a lease or underlease or by a tenancy agreement or in pursuance of any enactment (including the Act), but does not include a mortgage term or any interest arising in favour of a mortgage by his a orning tenant to his mortgagee…’. Tenancy Agreement A lease for three years or less, not under seal. Tenant’s Repairing Lease A lease where the lessee is under an obliga on to maintain and repair the whole, or substan ally the whole, of the premises comprised in the lease. This meaning is also adopted for the purpose of Schedule A income taxa on. Upward‐only Rent Review A rent review where the rent payable following a review date is the greater of the rent payable immediately before the review or the amount calculated upon review under the terms of the lease. Vacant Possession The a ribute of an empty property which can legally be exclusively occupied and used by the owner or, on a sale or le ng, by the new owner or tenant. Zone A Value In the zoning method, the unit of comparison for rental purposes a ributed to the frontal zone of retail premises, eg €x per square metre. Zoning Method (Zoning Approach) A method of analysing the rental value of retail space (usually on the ground floor) by dividing it into strips parallel with the main frontage. A different value per unit of space is a ributed within each strip corresponding to its rela ve ability to achieve sales/profit, the most valuable space normally being towards the front. The zone depth can vary. The standard depth is six metres but there are specific loca ons where it can be different, eg Oxford Street or Bond Street in London. Managing Director Tenant Rep John Moran +353 1 673 1637 [email protected] Fionnuala O’Buachalla +353 1 6731626 [email protected] Investment Retail Agency John Moran +353 1 673 1637 [email protected] Stephen Murray +353 1 673 1679 [email protected] Margaret Fleming +353 1 673 1655 [email protected] Lisa McGrane +353 1 673 1638 [email protected] Max Reilly +353 1 673 1658 [email protected] Industrial Agency Advisory Nigel Healy +353 1 673 1635 [email protected] Pauline Daly +353 1 673 1625 [email protected] Property Management Development Land Michael Miland +353 1 673 1657 [email protected] Des Lennon +353 1 673 1617 [email protected] Office Agency Deirdre Costello +353 1 673 1643 [email protected] Project & Development Services Andrew McCracken +353 1 673 1675 [email protected] Research Hannah Dwyer +353 1 673 1656 [email protected]
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