Spawell facility for lease

THE 18-hole golf course and driving range at Spawell Leisure Complex on the Templeogue Road in south Dublin is to be offered …

THE 18-hole golf course and driving range at Spawell Leisure Complex on the Templeogue Road in south Dublin is to be offered for lease for at least five years.

The move follows the appointment of Paul McCann of Grant Thornton as receiver to the Wellington Limited Partnership which has been operating the high-profile leisure facility for more than two decades.

Paul Collins of agents CB Richard Ellis is seeking rent proposals in excess of €200,000 per annum under a new full repairing and insuring lease which will include a landlord break option in year five and annually thereafter.

Mr Collins says the letting will provide an excellent opportunity to acquire a “well established, cash generating and high profitable business with the capacity to tap into the popularity associated with golf at this point in time”.

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The Spawell facilities extend to 10.5 hectares (26 acres) and are exceptionally well known because of their primary location on the Templeogue Road and the Tallaght Road close to junction 11 of the M50 motorway.

They are close to a densely-populated residential area and because of the much improved road infrastructure have been attracting support from a larger catchment area throughout south and west Dublin.

The property comprises an 18-hole par 3 golf course, a 48 bay two-storey driving range, 20 outdoor grass bays, a crazy golf area, two squash courts, changing room and a reception area. The golf facilities form part of the complex where the tenants include the Golfbag shop; Speedball paintball facility; Gymboree children’s play area; Glow nails and beauty care; Spawell Barber and Total Laser Health, a sports injury clinic.