Attractive investment opportunity. (Tenants not affected).
The property consists of a two storey semi-detached commercial premises with 2 tenants. A ground floor retail unit is let to Salon Sia Ltd from 2015 (lease expired) with a passing rent of €9,600. Part of the ground floor is vacant and would have an expected rent of €5,200 pa.
The first floor is let to Alpine Ink Ltd on a new lease from 2022 (lease expired) at passing rent of €18,000 the property offers an initial gross yield of 7.4% before standard purchase costs, with strong reversionary potential of over 10%.
Accommodation:
Double fronted ground floor hair salon with wc and kitchenette.
Separate access to Alpine Ink unit comprising entrance lobby, on the ground floor, the first floor accessed off the entrance lobby comprises 5 offices, wc and storage. The vacant ground floor areas consists of a hallway with access to kitchen, lean-to storage to the side of the building, ground floor toilet, storage shed and rear yard.
The property is located in a small parade of shops just off the Sallynoggin Road Lower in south County Dublin close to the N11, Monkstown and Glenageary. The area is well serviced by recreational and educational amenities and is a proving to be a popular area for young families. The amenities of the bustling town centre of Dun Laoghaire are only 1.5km away. There are several Dublin bus routes within walking distance and the DART is also near by.
Viewing strictly by appointment.
BER: F
Viewing strictly by appointment.