Golden Island Shopping Centre, Athlone, Co Westmeath

Location

The subject property is located in Golden Island Shopping Centre, Athlone. Athlone is situated on the River Shannon and is located on the main Dublin to Galway N6 road. The town has a population of 24,612 (Census 2006).

Golden Island Shopping Centre is an outstanding Centre situated in Athlone Town Centre. The Centre benefits from a high level of pedestrian footfall. Golden Island Shopping Centre is anchored by Tesco and Penneys with an additional 40 other retail stores to choose from. The Centre also benefits from a 6 screen cinema.

Description

The subject property occupies a ground floor retail unit, which extends to 280 sq m (c. 3.,017 sq ft).  The unit benefits from a substantial fit-out and would suit a variety of uses, subject to the necessary planning permissions.  It occupies a prominent position fronting the busy car park and close to the Shopping Centre entrance.

Lease

The property is held under a 25 year FRI lease from 15th April 1998, subject to 5 yearly only rent reviews.

Accommodation

The approximate net internal floor areas are as follows:

The above areas are subject to a final joint measurement.

Rent

€100,000 per annum

Rates

We understand that the annual rates (2010) for the property will be €5,985.

Service Charge

€14,200.52 per annum