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POA
Refreshed on: 15/02/2019

1&3 Rockville, Newtownpark Avenue, Blackrock, County Dublin

Investment Property 5866 ft 2 Energy Rating


Description

Investment Considerations
• Suburban mixed-use investment
• Providing retail and residential accommodation
• Ground floor retail unit let to Triode Newhill LHP Limited t/a Spar
• Guarantee from BWG Foods Ltd
• 12-bedroom apartment let to a single corporate tenant (Keywords
International Limited)
• Total floor area extending to approximately
• Total income of €145,000 per annum
• Guide Price €1,900,000
• Net Initial Yield 7.21%
• Tenants not affected

Features

Location
Blackrock is a densely populated residential suburb on the south side of
Dublin City. The subject property is conveniently located at the junction
of Newtownpark Avenue and Rockville Road. Amenities in the area
include The Frascati and Blackrock Shopping Centres, Blackrock College,
Blackrock Further Education Institute and a range of bars and restaurants.
More locally, amenities adjacent to the subject property include Newpark
Comprehensive School and Newpark Sports Centre.
Blackrock is well served by transport links with Seapoint Dart Station
situated approximately 1.3km to the north. The area is also served by
numerous Dublin Bus routes which provide access to Dublin City Centre
and the surrounding suburbs.

Description
The property comprises a predominantly two storey mixed use building with dual frontage along Newtownpark Avenue and Rockville Road. The building extends to approximately in total and is arranged to provide a ground floor retail unit with residential accommodation on the first and part second floor. The ground floor is trading as Spar and benefits from the tenant’s branded fit-out, to include delicatessen, off licence and ATM. The general specification includes suspended ceilings, tiled floors and fluorescent lighting. The retail accommodation extends to approximately 295 sq.m. (3,175 sq.ft.).
The first and second floors are arranged to provide a 12-bedroom apartment. Accommodation includes 12 bedrooms (1x en-suite), 2 x kitchen/living rooms and 3 x bathrooms. The accommodation benefits from a first-fl ...

QRE

Waterloo Exchange, Waterloo Road, Dublin 4

Tel: 01 637 5555

PSRA Licence No.  003587

negotiator Ellen  Prenderville
Ellen Prenderville Tel: 01 779 0543


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