Shops at Tallaght’s The Square for €1.35m

Mao and Dominos at town centre for sale through Bannon

The  units  see very high   traffic between The Square and Tallaght village

The units see very high traffic between The Square and Tallaght village

 

Two external retail outlets rented by Mao and Dominos at The Square town centre in Tallaght, Dublin 24, are to be offered for sale through the Bannon agency for €1,350,000.

The highly rated investment will show an immediate return of 7.22 per cent after standard acquisition costs are deducted.

Alex Patterson of Bannon advises that after a rent review due in 2017 on the Moa outlet the yield on the investment will rise to 9 per cent.

The two units are located next to the level 1 entrance and benefit from very considerable pedestrian traffic between The Square and Tallaght village.

Occupiers

Fast food giant Dominos occupies unit 135 which extends to 81.7sq m (879sq ft) on a 25-year lease from 1999 at a passing rent of €74,880.

There are eight years remaining on the upwards-only lease.

The outlet is believed to be one of the busiest in the country operated by Dominos.

Unit 137/a, extending to 136sq m (1,464sq ft), is occupied by Mao at Home on a new 15-year lease from 2012 at a low passing rent set in 2012 of €25,000. The agent expects this rent to double when it is reviewed next year.

Both units have shares in the centre management company.