Big Brand Sale and Leaseback Asset Comes to Market in Dublin 17

CBRE is seeking offers in excess €5.3m for the opportunity to acquire a sale and leaseback of The Range on Clonshaugh Road, Dublin 17 

The asset is part of a wider portfolio comprising 10 stores. Six of the assets are located across England, with one in Wales, two in Northern Ireland and one in the Republic of Ireland. The portfolio has a broad geographical spread, with the stores in locations characterised by limited competition and strong catchment fundamentals.

All assets in the portfolio will be fully let to CDS (Superstores International) Limited, trading as The Range, providing investors with a secure, long income profile. The Range will provide a rare 15-year lease term with no break options and built in growth with 5 yearly CPI linked rent reviews (1-3%). The properties will all be on full repairing and insuring (FRI) leases.

Fiona Kennedy, Director at CBRE Ireland, said: “The Range in Dublin 17 occupies a prominent 2.5 acre site fronting Clonshaugh Road. The store, extending to approx 32,000 sq ft, benefits from its high profile position within this well established residential location.”