Joint real estate agents DNG Commercial and Sherry FitzGerald Cumisky Kelly are overseeing the sale of a diverse investment portfolio along Main Street, Rush, Co Dublin. This collection is priced at €6 million and includes a combination of retail, groceries, residential apartments, and offices within a local shopping centre labelled Number 46-52.
The centre, spanning 2,858sq metres (in essence 30,764 square feet), flanked by a generous 40-bay parking zone, is almost completely leased to a robust suite of tenants. The total annual rental income counts up to €526,130. Whoever purchases this property could anticipate a gross primary yield of approximately 8.75%.
The centre’s current commercial occupants consist of: Cedarglade Ltd Supervalu Rush, Bright Beginners Creche, BoyleSports, and the Boylan Butcher shop. Supervalu, a noteworthy supermarket chain, operates stores individually or centrally through Musgraves, adhering to the Supervalu branding and selling products under the same. Musgraves itself guarantees Supervalu’s lease in Rush.
Bright Beginners Creche, a well-established children’s daycare centre, has been operating at this address for the past 18 years. BoyleSports bookmakers, with over 250 outlets nationwide, is among the largest Irish bookies. Boylan Butchers, professionally run by two local inhabitants of Rush, enjoys an outstanding reputation bolstered by a robust trading past.
The site also houses various commercial spaces catering to smaller-scale businesses from office spaces to personal care rooms. Additional income sources include an independent ATM and a communications mast.
Rush, a town bustling with commuters situated 21km away from Dublin city centre, is renowned for its horticultural practices. It’s considered an increasingly favoured place to live due to its proximity to Dublin airport (20 minutes), the M1 (10 minutes), and the M50 (22 minutes) combined with convenient bus and train connections to the city centre. Currently, the town is home to around 11,000 residents.