Vincent Finnegan Commercial are delighted to offer for sale this solid investment opportunity. Located in the commercial centre of the highly sought after heritage town of Dalkey, this investment property is bound to appeal to the savvy investor.
The property is situated in an enviable position on the northern side of Castle Street at the entrance to the Tramyard site which has planning for, and is due to undergo, a major mixed use redevelopment.
The building itself is a very attractive, red brick fronted, end of terrace single storey building extending to circa 56.8 sq m/ 611 sq ft. It is let on a 10 year lease from 2020 at a passing rent of €45,000, which equates to a gross yield of 6.4%.
The tenants, "Extend Architects" (tenants not affected) are a long established, well known firm who have designed some of Dublin's most prestigious new homes.
Dalkey is one of Ireland's most affluent locations and occupies an idyllic seaside setting which is well known for its many eateries, boutiques, speciality wine shops, cafes, etc. Located 12 km south of Dublin city centre the area is well serviced by the Dart, Dublin Bus and the M50 & N11 motorways are only minutes away.
Further details from the agents.
Viewing Strictly by Appointment.
Offers in excess of €700,000