- For sale
Located in the heart of Drogheda town centre, Scotch Hall Shopping Centre offers superb international and national brands complimented by a mix of local independent retailers offering an appealing range of retail services including clothing, sporting goods, healthcare, convenience retail and food and beverage offerings. The centre forms part of a wider mixed-use scheme which includes residential units and the D Hotel.
Anchored by a substantial 84,000 sq.ft Dunnes Stores (owner occupied), the centre boasts a strong mix of local and international retailers with a diverse offering to include daily shopping, fashion and grocery uses with excellent food and beverage options. Average weekly footfall is running at approximately 42,000 which is expected to grow significantly in the short term, on the implementation of the various asset management opportunities.
The opportunity includes excellent street frontage along Marsh Road and South Quay. The centre is a modern retail scheme extending to approximately 254,656 sq ft (23,658 sq m) across ground and first floors. The 629-space multi-storey car park provides reliability of access for the extensive catchment area given its prominent town centre location. Hugh DeLacy pedestrian bridge acts as a direct link between the shopping centre and the town centre.
The sale also comprises an incomplete block with an expired planning consent, which offers an incoming purchaser further scope for more residential or commercial development. Also included within the centre is a former distillery building, which benefits from dual access, from both the centre itself and at street level. This lends itself to many uses including food and beverage. The former distillery building benefits from dual access.
The Weighted Average Unexpired Lease Term (WAULT) is 6.9 years to expiry and 5 years to break with a total passing rent of €2,289,661 per annum.
BER Rating: B1 - D2