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Killarney Outlet Centre on the market for €11.5 million

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

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

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Killarney Advertiser – Weekly Jobs Round-Up

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See a job you like? Click the link and apply in seconds.

Experience Staff Required – The Fairview Boutique Hotel

Various Roles –  Murphys of Killarney

Various Roles – The Caddyshack

Food & Beverage Personnel – Torc Hotel

Housekeeping Assistants – Four Star Killarney Hotel

Apprentice Mechanic – Liam Lynch Skoda

Various Roles – Hegarty’s Spar (Park Road)

Early Years Practitioner – Milltown Childcare Centre

Various Roles – The Victoria, Killarney

Join Our Team! – The Ross

Various Roles – Castlerosse Park Resort

Various Roles – Killarney Hotels Ltd

Join Our Team! – The Killarney Park

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Chance to win a house in Killarney and support Kerry GAA

The Kerry GAA County Board has launched a ‘Win A House draw’ for a new house in Killarney . Funds raised by the draw will go towards the running expenses of the various Kerry football and hurling teams. The three-bed house is located in the Ceide Spris development just off the Park Road is built […]

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The Kerry GAA County Board has launched a ‘Win A House draw’ for a new house in Killarney

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Funds raised by the draw will go towards the running expenses of the various Kerry football and hurling teams.
The three-bed house is located in the Ceide Spris development just off the Park Road is built to modern energy standards, it represents a fantastic opportunity for people to get involved at a cost of €100 which will go a long way to supporting Kerry GAA.
“As a volunteer-based organisation, we have always had to fundraise to support our teams and clubs. We are delighted to be in a position to have a dream house available for a lucky winner,” Kerry GAA PRO Leona Twiss.
“While only one person can win the house, there will be plenty of cash prizes and match tickets to be won along the way. The sooner you purchase your ticket, the better chance you will have at winning those additional prizes.”

To enter the draw visit: https://www.kerrygaa.ie/winahouseinkerry/

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More great choices for large shrubbery

  Following last week’s article on large shrubs, I received many comments, suggestions and questions, leading me to believe that there were quite a few people unsure of what to plant in a large space. I felt at the end of the article there were definitely more plants for that list so here are some […]

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Following last week’s article on large shrubs, I received many comments, suggestions and questions, leading me to believe that there were quite a few people unsure of what to plant in a large space.

I felt at the end of the article there were definitely more plants for that list so here are some more great choices for the large shrubbery.

The bottlebrush, or Callistemon, is named appropriately for the shape of its flowers which are bottle-brush like spikes of many small flowers with long stamens, giving it that brush like appearance. Usually red, they are also available in yellow and pink. They flower in summer and into autumn adding a lovely splash of colour. Their leaves are hard and spiky with arching branches. Cut them back immediately after flowering or they will not flower the following year. If they do grow out of hand, they will tolerate a hard cut back.

Ceanothus, or the Californian lilac, is an often evergreen shrub bearing dark blue flowers. There are several sizes from the low creeping C. repens, to the tree like proportions of C. thyrsiflorus. An ideal candidate for the large border is C. ‘Gloire de Versailles’, which has large blue flowers from July to the end of autumn, (deciduous), or C. ‘Southmead’ which has dark blue flowers in early spring (semi-evergreen), or C. ‘Blue Mound’ which has deep blue flowers (evergreen). I find with all ceanothus that their flowering times seem to be very weather dependant!

Forsythia is a large common shrub which flowers early in spring before the leaves appear. I mention it as it seems to have gone out of fashion completely, though it adds such a fantastic yellow brightness in those dark February days.People often complain that it either grows out of all proportions or that it does not flower. If pruning, do so immediately after flowering. ‘Golden Nugget’ is possibly one of the smaller varieties at a natural five foot.

An unusual, but well worth finding plant is the Sorbus reducta. It is a low 1-1.5m type of mountain ash, with all the great features of its larger tree relatives! It forms a thicket – yes, it does sucker, but does not take over, has white flowers followed by dark red berries which fade to a creamy colour. Like most mountain ashes, its autumn colour is blazing!

Butterfly bushes, buddleja, are a much maligned plant as it can self seed and become a bit of a nuisance. However, it does not really self seed much in gardens where the conditions are not ideal, (ideal conditions – derelict, dry, stony waste land). Most cultivated varieties are sterile, so there is no reason to avoid them! B. colvilei is a very unusual variety, being semi-evergreen with large panicles of tubular dark pink flowers – these clusters can reach up to 20cm. B. davidii is the common butterfly bush and is available in a range of colours such as ‘Black Knight’, deep, deep purple, ‘Empire Blue’, blue flowers with orange centre, ‘Royal Red’, deep pink/maroon. One of my favourites is ‘Harlequin’ which has variegated leaves. There is a range of smaller butterfly bush available too; the ‘buzz’ series.

These remain compact, up to 1m, however their flowers are not quite as impressive! To remedy that, plant breeders have come up with a new variety – the ‘Rocketstar’ series. I have only just planted one, but it promises a diminutive 80cm with the same large flowers as large varieties have. If this plant does what its creators claim, it will certainly be a hit in my garden!

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