Manor Mills Shopping Centre occupies a prominent position within Maynooth Town Centre adjacent to the town’s Main Street and Maynooth University. It benefits from dual frontage onto both Mill Street to the east and the Kilcock Road to the north.
The Centre comprises a purpose built single level trading shopping centre and forms part of a wider mixed use commercial and residential development the balance of which is not included in the sale. Opened in 2005, the property comprises 10,851 sq m (116,796 sq ft) of retail accommodation arranged around an L shaped covered shopping mall. Anchored by a 6,675 sq m (71,856 sq ft) Dunnes Stores the scheme provides a further 26 retail units, 4 kiosks and a large restaurant unit. The Dunnes Stores unit has been sold off on a long leasehold basis. The Centre benefits from a 500 space basement car park which is accessed off Kilcock Road.
Other retailers within the scheme include a diverse mix of local, national and international retailers including: Eason, Elverys, Holland & Barrett, Carphone Warehouse, KBC Bank and Hickeys Pharmacy.
Manor Mills Shopping Centre is let in accordance with the tenancy and accommodation schedule on the data room. The centre currently generates a gross annual income of €1,330,210 from 33 tenants/licensees. After deduction of all occupational shortfalls, the centre produces a net operating income of €1,229,228 per annum.
The majority of leases are effectively on full repairing and insuring terms by means of a comprehensive service charge. In addition, seven tenancies incorporate some form of base rent and turnover provision within their lease.
Manor Mills boasts a strong tenant line-up with 70% of the income secured to international/national brands. The centre has a weighted average unexpired lease term (WAULT) of 8.64 years the earlier of break/expiry based off the NOI. The centre currently benefits from a weekly footfall in excess of 50,000 people.