Unit CD & DE, Ballymun Civic Offices, Ballymun, Dublin 11
POA
- Investment Property 179 m² / 1927 ft² For Sale
Refreshed 7 months ago
Description
Location
Ballymun is located close to the M50 motorway, approximately 5km north of Dublin City Centre. The area is easily accessible due to its proximity to transport links such as the M1, M50, the Port Tunnel and Dublin Airport.
Ballymun is currently undergoing a regeneration to include new commercial and community facilities such as a new Shopping Centre, Arts Centre, Civic Centre, Sports Centre and approximately 5,000 new residential units which will increase the population from 17,000 to an estimated 30,000. The only IKEA store in Ireland is located in Ballymun.
Description
The property comprises 2 ground floor retail units that form part of a four-storey retail and office building that front onto Ballymun Road. The two units are amalgamated and extend to a total net internal area of 179 sqm (1,926 sq ft). The property is currently fitted out as a cafeteria and used solely by the staff of the offices in the building.
Tenancy
Both units are held under one effective FRI lease to Dublin City Council for 25 years from 2002. Rent reviews are upwards only every five years and there are no break options. There is over 16 years remaining on the lease. The current rent is €90,000 per annum. The tenant is required to re-instate the property into 2 retail units on expiry of the lease.
Capital Allowances
There are capital allowances available with the property up to €383,460.
Prospective purchasers should satisfy themselves as to the availability and level of any capital allowances available.
Title
Long Leasehold
Contact Agent
Ballymun is located close to the M50 motorway, approximately 5km north of Dublin City Centre. The area is easily accessible due to its proximity to transport links such as the M1, M50, the Port Tunnel and Dublin Airport.
Ballymun is currently undergoing a regeneration to include new commercial and community facilities such as a new Shopping Centre, Arts Centre, Civic Centre, Sports Centre and approximately 5,000 new residential units which will increase the population from 17,000 to an estimated 30,000. The only IKEA store in Ireland is located in Ballymun.
Description
The property comprises 2 ground floor retail units that form part of a four-storey retail and office building that front onto Ballymun Road. The two units are amalgamated and extend to a total net internal area of 179 sqm (1,926 sq ft). The property is currently fitted out as a cafeteria and used solely by the staff of the offices in the building.
Tenancy
Both units are held under one effective FRI lease to Dublin City Council for 25 years from 2002. Rent reviews are upwards only every five years and there are no break options. There is over 16 years remaining on the lease. The current rent is €90,000 per annum. The tenant is required to re-instate the property into 2 retail units on expiry of the lease.
Capital Allowances
There are capital allowances available with the property up to €383,460.
Prospective purchasers should satisfy themselves as to the availability and level of any capital allowances available.
Title
Long Leasehold
Interested in this Commercial Property?
Contact the Estate Agent about: Unit CD & DE, Ballymun Civic Offices, Ballymun, Dublin 11
Savills Commercial Investments
- Savills Commercial Investments
- 32 Molesworth Street Dublin 2
- Tel: +353 (0) 1 618 1300
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