Applegreen Service Station, Main Street, Tullamore, Offaly, R35 E440

  • Unconditional Online Auction Sale
  • AMV : €950,000

FOR SALE BY ONLINE AUCTION WEDNESDAY 17TH OCTOBER AT 10AM

Location

This property is situated right in the centre of Tullamore amid any other town centre businesses and occupiers. Lidl is just across the road, and there are numerous shops, hotels, and residential houses and apartments in the immediate environs.

Description

A prime high yielding investment property let on a long lease to one of Ireland's leading companies, Applegreen Plc. This is a purpose built modern filling station with shop in a superb position in the centre of the thriving market town of Tullamore, Co. Offaly. It is let on full repairing and insuring terms for 25 years from the 9th of August 2012 until 2037 to Petrogas Group Limited, trading as Applegreen on very favourable terms. The current rent is €95,000 per annum and the next rent review is in 2022. There is a break clause in 2032 and the lease expires in 2037.
Applegreen is a true Irish success story. It was founded in 1991 and has grown in size and profitability every year since. Applegreen has a clear business strategy anchored on three key elements; "low fuel prices always", a "better value always" tailored retail offer and thirdly a strong food and beverage offer offering premium products and services to the customer. Applegreen has over 177 locations in Ireland, 86 sites on the UK and 68 in the USA. Group turnover in the financial year 2107 was €1,428 million and EBITDA was €39.8 million.

For the full Applegreen story see http://investors.applegreenstores.com

This a rare opportunity to acquire such a high yielding blue chip investment at an accessible price.

Accommodation

The site is approximately a quarter acre or 0.11 hectares and there is a retail shop of circa 185 square metres or 2000 sq. feet

Joint Agent

REA Heffernan

BER No: 800105025

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Terms & Conditions for Bidding on this Property

Vendor's Solicitor

Gordon Judge Solicitors

01 6617449

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