Description
BER Details
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| Beds | |
| Price | Sold |
| Property Type | Industrial Units |
| Size | 482 meters2 |
| Energy Rating | BER-B2 |
| Refreshed on | |
| Eircode | D15 H6TX |
| Group Name | Artis |
| Sales License Number | 004063 |
Description
For Sale via Digital Auction 28.09.2022 Auction Link:https://artis.ie/properties/11-coolmine-industrial-estate-dublin-15/ In conjuction with our Joint Agents QRE Investment Summary • Passing rent €85,000 p.a. • Floor area extending to approximately 482 sq. m (5,188 sq. ft) • 25-year lease from March 2004 to Warsaw Retail Ltd. T/A Polo Stores (Tenants Not Affected) • Upwards only rent reviews every five years. • Unexpired Lease Term of c. 6.5 years. • Guide Price €900,000 • NIY approximately 8.6% (after purchasers’ costs of 9.96%) Location The property is situated off Porters Road to the Blanchardstown Road side of Coolmine Industrial Estate. The property is well-located for all major transport hubs, with easy access to the M50, Dublin Port Tunnel and Dublin Airport. The immediate surrounds of the property provide a hive of activity, with a significant populace residing in close proximity to the estate. Description The property comprises an end-of-terrace retail warehouse extending to approximately 482 sq. m (5,188 sq. ft). The entire is of concrete frame construction with shared car spaces to the front and side of the property. The property is currently in use as an Eastern European Supermarket. Internally, the property provides a customer sales area and storage. N.B.: Prospective purchasers should satisfy themselves with the accuracy of all distances and measurements quoted. Tenancy The entire property is let to Warsaw Retail Ltd T/A Polo Stores, under a 25-year term from 1st March 2004, at a current rent of €85,000 p.a. exclusive of VAT, rates and service charge. The lease provides for repairing and insuring terms together with upwards only rent reviews every 5 years. The lease provides tenant break options in years 3, 6, 9 & 12, all of which have expired. Tenant Information Warsaw Retail Ltd. have a Vision Net rating of 100/100 and are considered low trade risk. VAT Awaiting confirmation of VAT treatment.
BER Details
BER: B2

Date created: Sep 2, 2022
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