Momentum has gathered at the Fota Retail Park, coming up on the first anniversary of the arrival of Ballyseedy Garden Centre there last June.
New arrivals include Cash and Carry Kitchens, relocating from across the road at the Lakewood Furniture Centre, and also relocating is Town and Country, which has moved from Eastlink Business Park in Carrigtwohill. Also joining the mix is up-market nursery store, Bella Baby, which is represented in Dundrum, Dublin, and Oranmore, Galway.
The fresh arrivals join garden equipment suppliers Husquavarna, and by now about 60,000 sq ft in the overall 80,000 sq ft commercial block has been taken, says agent Ger O’Callaghan of Remax.
He says the availability of small units is key to Fota’s success, as some other parks only have units of 800 sqs metres upwards.
At Fota, Cash and Carry Kitchens have taken units B8 and B11, totalling 340 sq m, while Town and Country took 250 sq m last month in B4. Units B7 and B12 with around 421 sq m) have been let to Bella Baby.
Rents quoted start from about €8 psf for units facing the road, and drop to €6 psf for units to the rear, and leases are generally five years, with break clauses, while rent-free periods have also been given in return for tenant fit-out costs, adds Mr O’Callaghan, joint agent with Lisney.
The park has gathered pace in the past few months, with Ballyseedy and Meadows and Byrne, plus Blarney Woollen Mills and Jacobs cafe ensuring footfall. According to Remax’s Mr O’Callaghan, “Fota Retail Park is also benefiting from the fact that Fota Island and Cobh are important national tourist and visitor centres, and that some of these visitors are also taking in Fota Retail Park in their visit, along with a spread of south Munster customers. There’s also an office element to Fota Retail and Business Park, with four blocks built and one recently taken by Punches.
Meanwhile, currently being fitted out after a Remax-negotiated deal is the 340 sq m Unit 2 at Kinsale Road Retail Centre. It has been leased to UK franchise Sally Salon Services, and an initial rent of €8 psf had been quoted, rising over a period of years on a long lease. Local franchisee is Niall McSweeny.
Details: Remax 021-4277745.
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