Lot 386 – Applegreen Service Station, Main Street, Tullamore, Co. Offaly

Bidding Closed

SOLD FOR

€950,000

Property Enquiries

Richard Hoey

richard.hoey@bidx1.com
+353 (0)1 667 3388

Viewing Registration / Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

Aisling Esmonde

aisling.esmonde@gordonjudge.ie
+353 1 661 7449
Description
Map
Viewings

Property Summary
  • A service station investment.
  • Comprising forecourt, petrol pumps and retail unit. 
  • Site area extending to approximately 0.11 Hectares (0.27 acres) site.
  •  Let to Petrogas Group Limited a wholly owned subsidiary of Applegreen PLC. 
  • Lease expiry 2037.
  • Rent review 2022, to open market rent. 
  • Break option 2032.
  • Current rent reserved €95,000 + VAT per annum.
Location

•    Tullamore is the county town of Offaly with a population of some 14,000 people (as of the 2016 census).
•    Tullamore is situated approximately 100km west of Dublin city centre and 44km east of Athlone.
•    The M6 Motorway is approximately 11km to the north and provides access to both Dublin and Galway.
•    The property is situated on the southern side of New Street, close to its junction with Marian Place.
•    Surrounding occupiers include Grand Central Hotel, Dominos, Total Health and Lidl.

Description

The building is arranged over ground and first floor to provide a filling station, retail unit and forecourt with 6 x petrol pumps and carwash.
•    Retail unit extending to approximately 185 sq. m (1,991 sq. ft).
•    Lands extending to approximately 0.11 Hectares (0.27 acres) site.

Accommodation

The entire property is at present let to Petrogas Group Limited t/a Applegreen Service Station for a term of 25 years from 25.05.2012 at a contractual rent of €95,000 per annum, exclusive of rates and VAT.

The lease provides for rent reviews every fifth year and contains full repairing and insuring covenants. We are advised that the next scheduled rent review is in 2022 and there is a break option in 2032. 


Petrogas Global is a privately-owned company and Ireland’s largest independent forecourt retailer with over 472 sites trading in the Republic of Ireland, United Kingdom and America. It currently employs over 10,700 people and has grown rapidly since its establishment in 1992. With its innovative Applegreen brand, it continues to set standards in the forecourt industry across America, the UK and Ireland as well as globally. Source: http://petrogasglobal.com/

VAT
Please refer to Legal Documents
BER
Number

800105025

Energy Performance Indicator

521.18 kWh/m²/yr


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