Former Super Valu supermarket has ‘put and call’ option of €9m

A unique investment opportunity is being launched on the market by agents Bannon.

For sale is a 1,439sq m (15,486sq ft) retail unit at Belgard Square in Tallaght, Dublin 24, which formerly traded as a supermarket under the SuperValu brand. It is located directly opposite The Square in Tallaght.

Although presently vacant there is a "put and call" option in place which will enable the owner to call on Musgrave to purchase the store at a predetermined price of just under €9 million.

The call option is exercisable from December 31st, 2019.

Niall Brereton of Bannon says that given the low returns available on deposits the Tallaght property presented investors with an opportunity to acquire an agreed level of future income from one of Ireland's largest companies at a significant discount.

In the meantime there was potential to increase returns through a letting of the unit.

Bannon’s quoting price of €6 million is just two-thirds of the call option price which is obtainable in just over 4.5 years’ time.