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IrelandDublinDublin 551 Kilbarrack Road, Dublin 5, Dublin

€650,000

51 Kilbarrack Road, Dublin 5, Dublin

227.8m 2Energy RatingInvestment Property
Eircode: D05R6K2
#1 of 1 Properties Viewed in Dublin 5
Lisney Commercial Dublin
Lisney Commercial Dublin
Tel: 01 638 2700
PSRA Licence No. 001848
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Description

The property comprises a mid-terrace two storey mixed-use building. The ground floor is laid out to provide for a refurbished self-contained retail unit. The retailing accommodation is predominantly open plan with storage and staff w/c facilities situated to the rear. The first floor is accessed via separate entrance fronting onto Kilbarrack Road. The accommodation is currently in use as a hairdressers and beauty salon and is laid out in a mixture of open plan and self-contained treatment rooms. The entire extends to approximately 2,453 sq.ft. Tenancy The ground floor is leased to McHugh Limited for a term of 35 years from 1st December 1987. The current passing rent is �?�48,000 per annum. The first floor is leased for a term of 5 years from 27th March 2017 at a stepped rent of years 1 & 2: �?�12,000, years 3 & 4: �?�13,000, year 5: �?�14,000. The total passing rent equates to �?�61,000 per annum. Tenure We understand the property is held freehold. Services We understand all main services are connected and supplied to the building. Price Offers are sought in excess of �?�650,000 exclusive.

Accommodation

* All intending purchasers are specifically advised to verify all floor areas and undertake their own due diligence.

Features

High profile mixed use investment situated on the Kilbarrack Road Immediate net initial yield of 8.53 Total floor area of approximately 227.8 sq.m (2,453 sq.ft) Generating a rental income of �?�61,000 per annum Tenants not affected

BER Details

BER: C2

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Negotiator

Christopher Belton

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