Connect with us

News

Killarney Outlet Centre on the market for €11.5 million

Published

on

The Killarney Outlet Centre, Killarney, County Kerry, Ireland. PICTURE: DON MACMONAGLE

T

THE Killarney Outlet Centre is on the market with a guide price of €11.5 million. Property advisor CBRE is to offer the centre for sale by private treaty. Killarney Outlet Centre is a prominent retail scheme in the centre of Killarney town comprising 8,407 square metres (90,497 square feet) of retail accommodation. The outlet centre is producing a rental income of approximately €1,000,000 per annum.

Killarney Outlet Centre was constructed in 1998. It occupies a high-profile corner site within the centre of Killarney town. Killarney Bus Station forms part of the site and Killarney Train Station is also situated adjacent to the scheme. Killarney Outlet Centre is highly accessible, with two entrance points at opposite sides of the centre. Vehicular access to Killarney Outlet Centre is off Fairhill, which is a busy thoroughfare leading into town. There are 230 car spaces on the site which extends to 2.08 hec (5.14 acres).

It is within minutes of some of Killarney’s best hotels including the Malton Hotel and yhe Killarney Park Hotel. The diverse retail offering in the scheme also attracts a family customer base which is evidenced by the centres footfall peaking during the traditional school breaks.

Killarney Outlet Centre comprises 39 retail units, ranging in size from 93sq m to 678sq m. laid out over ground and first-floor level. The centre benefits from ample internal circulation space and bright common areas. Killarney Bus Station is situated at the car park entrance to the centre and interconnects with the main mall at ground floor level, generating additional footfall.

The ground floor is majority occupied by a high quality tenant mix featuring well known national and international brands. Killarney Outlet Centre is anchored by a 678sq m. Nike factory outlet which stocks a wide range of Nike products at discounted prices. Additional tenants include Claire’s Accessories, Holland and Barrett, Tiger, The Works and Pavers.

The centre benefits from having popular food and beverage retailers, Costa Coffee and O’Brien’s Sandwich Bar trading from the ground and first-floor levels.

Killarney Outlet Centre offers significant potential for rental growth which can be achieved through active asset management. An incoming purchaser will take the opportunity to introduce longer-term leases to a centre where traditionally leases have been set at a five-year term. There is opportunity to improve the overall tenant mix and increase rental income through letting of vacant space.

Fiona Kennedy, senior surveyor of CBRE, said: “Killarney Outlet Centre presents an opportunity to purchase a key piece of real estate in the thriving town of Killarney. There is significant potential for rental growth which can be achieved through letting the vacant space. The centre has performed exceptionally well in recent years attracting high quality retailers. Further asset management will allow Killarney Outlet to reach its full potential.”

Niamh Sheahan, CBRE, is the current letting agent for Killareny Outlet Centre. She said: “We have witnessed an increase in letting activity and demand for the scheme as retailers continue to expand throughout the country. Recent additions to the centre include Tiger, Trespass, DV8 and Eurogiant, with future openings to be confirmed. There is an excellent asset management opportunity in leasing the vacant units and introducing complimentary users which will further enhance the tenant mix in place.”
 


 
Above: The Killarney Outlet Centre. PICTURE: DON MACMONAGLE

Advertisement

News

Beaufort man collects 18th car from Randles Bros

Published

on

By

Beaufort resident Paddy O’Sullivan has marked 40 years of loyalty to Randles Bros by collecting his 18th vehicle from the dealership.

Paddy recently met with David Randles at Randles Bros Tralee to take delivery of his latest car, a new Nissan Qashqai.


The O’Sullivan family’s relationship with the garage dates back four decades to when Randles Bros operated as an Austin Morris dealer.

Paddy’s first purchase was a Morris Marina, one of the top-selling models of the 1970s.
As the dealership evolved, so did Paddy’s choice of vehicles.

When the garage took on the Datsun franchise, he moved into a Datsun 140 J, also known as the Datsun Violet.

Following the brand’s transition to Nissan in the 1980s, he became a frequent owner of the Nissan Bluebird. This was followed by a stint owning five different Nissan Primeras throughout the late 1990s and early 2000s.


In recent years, he has transitioned to the Nissan Qashqai, with this latest ‘261’ registration marking his 18th time driving a new car out of the Randles Bros showroom.


David Randles thanked the Beaufort man for his continued business over the generations. “We want to thank Paddy and his family for being such a great customer to Randles Bros for so long,” he said. “Congratulations on your purchase Paddy, and safe travels.”

Continue Reading

News

Calls for recognition of women’s ‘enormous contribution’ at Mission Memorial

Published

on

By

Killarney Municipal District has been asked to address a significant gender imbalance at the town’s Mission Memorial in the Fern Garden.

Speaking at Wednesday’s municipal meeting, Cllr John O’Donoghue highlighted that while the monument correctly honours those who served abroad, it is currently heavily weighted towards men, leaving the massive contribution of missionary women almost entirely unacknowledged.
Ireland’s missionary history is deeply rooted, with an estimated 30,000 men and women joining missionary orders between 1920 and 1970.


Cllr O’Donoghue pointed out that women, particularly those in various orders of nuns, likely exceeded their male counterparts in number.

These women often worked in dangerous locations, serving as the sole voice for the marginalised, including those suffering from disease, poverty, and displacement.


The Councillor argued that even a cursory glance at the existing monument shows it does not reflect this reality.

He asked the Council to examine how best to rectify this imbalance and acknowledge the work of these women in a fitting manner.

He noted that the message of empathy and acceptance carried by these missionaries to all corners of the globe is more important to highlight today than ever before.


In response, the Killarney MD Office stated they would welcome engagement and recommendations from community groups and stakeholders regarding specific individuals deserving of recognition.

The Council indicated a willingness to review how to better commemorate these women at the Mission Garden to ensure their selfless acts are properly recorded for future generations.

The Kerry nun who braved the streets of wartime Rome


One of the most likely candidates for commemoration is Sister Noreen Dennehy, a Missionary Franciscan Sister originally from Killorglin.


History often focuses on the famous ‘Rome Escape Line’ led by Monsignor Hugh O’Flaherty (who already has a dedicated Mission Road statute), Sister Noreen played a vital and covert role in the network’s success during World War II.


Operating behind the scenes, she served as a crucial bridge between the Monsignor and the highest echelons of Roman society.


Sister Noreen frequently undertook dangerous missions through the cobbled streets of occupied Rome to liaise with the local elite, including a key princess who provided the essential funding and logistical support needed to keep the escape route operational.

Continue Reading

Last News

Sport