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IrelandDublin34 Lower Dorset Street, Mountjoy, Dublin

€750,000

34 Lower Dorset Street, Mountjoy, Dublin

241m 2Energy RatingInvestment Property Refreshed on Jun 21, 2021
Eircode: D01NW81
#5 of 6 Properties Viewed in Dublin
Lisney Commercial Dublin
Lisney Commercial Dublin
Tel: 01 638 2700
PSRA Licence No. 001848
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Description

The 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). TENANCY 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. ZONING The property is zoned Zone Z4: District Centres �??To provide for and improve mixed-services facilities�?? under the Dublin City Development Plan 2016-2022. TENURE We understand the property is held freehold. BER RATING F-G Individual BER numbers available upon request. VAT The purchaser will be liable for any VAT (if applicable) arising out of the sale. PRICE 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% FURTHER INFORMATION/VIEWING For further information or to arrange a viewing, please contact sole selling agents:

Accommodation

Features

High 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

BER Details

BER: F

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Negotiator

Thomas Byrne