Investment Summary
Wilton is one of Cork’s dominant retail centres and offers a range of leading international and national brands. The established shopping centre is anchored by Cork’s only suburban Penneys (Primark) store, as well as Tesco (owner occupied). It attracts over 5.5 million visitors per annum, and is one of the busiest centres in Cork.
Wilton Shopping Centre is situated within the established and accessible suburb of Bishopstown and Wilton, 3.5kms south west of Cork City Centre, opposite Cork University Hospital. Nearby is University College Cork and Cork Institute of Technology. The centre has a large catchment of 196,177 of which 36% is within the top tier AB socioeconomic class. The large catchment is due to the ease of access from the surrounding road network.
The centre offers the opportunity to significantly develop and build upon the existing scheme to create a dominant District Centre.
For Sale by Private Treaty (tenants not affected)
- Consistently ranked in the top two shopping centres in the region
- Anchored by Cork’s only suburban Penneys (Primark) store and Tesco (owner occupied)
- Net Operating Income (NOI) of approx. €5.54 million
- Comprising 62 retail units with an external bank branch let to Bank of Ireland
- Key retailers include Peter Mark, Euro Giant, Easons, KBC, EBS, Boots, New Look, Lifestyle Sports and Specsavers
- Extending to approx. 11,277 sq m (121,388 sq ft) excluding Tesco
- WAULT of 7.3 years (to break)
- 68% of tenants are renowned national and international brands
- Wilton dominates the western side of the city with a large catchment of approx. 200,000
- Impressive footfall of 5.5 million visitors p.a.
- Notification of Decision to Grant received for a mixed-use development of approx. 400,000 sq ft
- Virtually 100% occupancy underpinning the success of the centre
