| Beds | |
| Price | €5,000,000 |
| Property Type | Investment Property |
| Size | 727.05 meters2 |
| Energy Rating | BER- |
| Refreshed on | May 30, 2025 |
| Eircode | |
| Group Name | Savills Commercial Investments |
| Sales License Number | 002233 |
Description
The property comprises a modern retail building extending to approximately 7,826 sq ft and is let to Bank of Ireland under two separate leases from April 2008 and July 2009. The property is currently producing a strong total passing rent of 497,324 per annum, with a weighted average unexpired lease term of approximately 8.56 years. Both leases feature upward-only rent reviews, linked to the higher of the open market rent or fixed 15% uplifts. The property was redeveloped on a phased basis in 2007/2008.
Features
Prominent bank branch extending to approx. 727 sq m (7,826 sq ft)
Let in its entirety to Bank of Ireland (tenant not affected)
Current passing rent of 497,324 per annum
Long unexpired lease term of c. 8.5 years
Benefits from 31 convenient on-site car parking spaces
Fixed rental uplifts to 534,110 in April 2028 and 571,923 in July 2029
High-profile main street location in town's commercial core
Guide price of 5,000,000 / NIY 9.05%
Directions
Balbriggan is located just 35km north of Dublin and is a rapidly growing town offering excellent connectivity via the M1 motorway and rail links. Balbriggan recorded a population of 24,322 in the 2022 Census, a 12.5% increase since 2016. The subject property is located on Dublin Street, which is the main retail thoroughfare in the town, and thus enjoys excellent visibility and footfall. The town is benefitting from ongoing public investment through a 50 million regeneration programme.
Negotiator
Kevin McMahon
Date created: May 30, 2025
