DescriptionThe subject property comprises a three-storey over basement, mixed-use building with a traditional timber framed shop front fronting onto Dorset Street.
The ground floor is laid out to provide for a self-contained retail unit which is currently used as a takeaway and is supported by staff and storage facilities at basement level.
The upper floors benefit from independent access off Dorset Lane and provide for residential accommodation.
The entire extends to approximately 241 sq.m (2,594 sq.ft).
The entire is leased to two individual�??s t/a Spice N Rice takeaway on a 25-year upwards only lease from 4th August 2004 at a passing rent of �?�70,000 per annum with no break options.
The property is zoned Zone Z4: District Centres �??To provide for and improve mixed-services facilities�?? under the Dublin City Development Plan 2016-2022.
We understand the property is held freehold.
Individual BER numbers available upon request.
The purchaser will be liable for any VAT (if applicable) arising out of the sale.
Offers are sought in excess of �?�750,000 which represents a net initial yield of 8.50% after the deduction of standard acquisition costs at 9.96%
For further information or to arrange a viewing, please contact sole selling agents:
FeaturesHigh profile mixed use investment situated on Lower Dorset Street
Total floor area of approximately 241 sq.m (2,594 sq.ft)
Excellent unexpired lease term of approx. 8 years
Single lease for the entire
Producing a rental income of �?�70,000 per annum
Immediate net initial yield of 8.50%
Tenant not affected