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Main Street, Clongriffin,Clongriffin,Dublin 13

€1,715,000 Energy Rating1400 m2
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Main Street, Clongriffin,Clongriffin,Dublin 13

€1,715,000

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Beds
Price €1,715,000
Property Type Businesses
Size 1400 meters2
Energy Rating BER-B2-D2
Refreshed on Dec 21, 2023
Eircode

Description

Investment Summary - Located on Main Street and Park Avenue, Clongriffin, Dublin 13 - Excellent connections to the city centre via Dart, commuter train and Dublin bus - 8 commercial units, four of which are occupied and producing €70,135 per annum - Commercial units extend to a total NIA of approx. 917 sq m - Tenants include Centra, Park Lane Chinese Restaurant and Revv Barbers - 2 three bedroom and 3 two bedroom plus study apartments yielding €100,984 per annum - Average unit size of 96.6 sq m - Overall gross income of €150,419 per annum - Guide Price excess €1.715 million / approx. €114 per sq.ft. - Gross Initial Yield (GIY) 10.1% with significant reversionary potential - Long leasehold interest - Tenants not affected Description Located on Park Avenue and Main Street the five apartments are located across four blocks. The units consist of 3 two bed plus study duplexes, 1 three bedroom duplex and 1 three bed apartment. The apartments range from 93 sqm to 103 sqm metres in size. The commercial element comprises eight ground floor retail and restaurant units fronting onto Main Street, Clongriffin with six of the units located within Block 1 and two units in Block 2, extending to a total of approx. 917 sqm. Four of the six retail units located within Block 1 are occupied and generating a gross annual income of €70,135. Tenants in situ include Centra, Park Lane Chinese Restaurant and Revv Barbers. The retail and restaurant units in Block 2 are currently in shell condition and extend to approx. 183 sqm each. Location Located 10 kilometres north east of Dublin City Centre, Clongriffin is a vibrant suburb of north Dublin. The area has a number of schools, a leisure centre and an excellent amenity in Father Collins Park which provides 26 acres of parklands to the local community including playgrounds, a cycle track, sports fields and a skate park. The is plenty of neighbourhood retail in Clongriffin serving the local community and there are nearby shopping centres and retail parks such as Clarehall Shopping Centre and Donaghmede Shopping Centre. Dublin Airport is 9 kilometres from Clongriffin which is also a major employer in the area. In addition there are a number of business parks surrounding Dublin airport which are home to major national and international employers. Transport Located outside the units on Main Street is a Dublin Bus stop which is served by the 15 Dublin Bus Route. From here it is a 34 minute bus journey to the city centre. Also, located 600 metres, a 8 minute walk, is the Clongriffin Train Station which is served by the Dart and commuter rail line connecting the area to Dublin City Centre via Connolly Station, Tara Street and Pearse Street Station, Dundalk to the north and Bray to the south. It is a short 19 minute rail journey to the city centre. Matterport link for Apartment 10, 54 Main Street https://my.matterport.com/show/?m=YEzKMe1x6wf Link to Matterport of Apartment 3, 1 Park Avenue https://my.matterport.com/show/?m=ZaNjjhHNdr6

BER Details

BER: B2-D2

Negotiator Details

Ross Fogarty

Description

Investment Summary - Located on Main Street and Park Avenue, Clongriffin, Dublin 13 - Excellent connections to the city centre via Dart, commuter train and Dublin bus - 8 commercial units, four of which are occupied and producing €70,135 per annum - Commercial units extend to a total NIA of approx. 917 sq m - Tenants include Centra, Park Lane Chinese Restaurant and Revv Barbers - 2 three bedroom and 3 two bedroom plus study apartments yielding €100,984 per annum - Average unit size of 96.6 sq m - Overall gross income of €150,419 per annum - Guide Price excess €1.715 million / approx. €114 per sq.ft. - Gross Initial Yield (GIY) 10.1% with significant reversionary potential - Long leasehold interest - Tenants not affected Description Located on Park Avenue and Main Street the five apartments are located across four blocks. The units consist of 3 two bed plus study duplexes, 1 three bedroom duplex and 1 three bed apartment. The apartments range from 93 sqm to 103 sqm metres in size. The commercial element comprises eight ground floor retail and restaurant units fronting onto Main Street, Clongriffin with six of the units located within Block 1 and two units in Block 2, extending to a total of approx. 917 sqm. Four of the six retail units located within Block 1 are occupied and generating a gross annual income of €70,135. Tenants in situ include Centra, Park Lane Chinese Restaurant and Revv Barbers. The retail and restaurant units in Block 2 are currently in shell condition and extend to approx. 183 sqm each. Location Located 10 kilometres north east of Dublin City Centre, Clongriffin is a vibrant suburb of north Dublin. The area has a number of schools, a leisure centre and an excellent amenity in Father Collins Park which provides 26 acres of parklands to the local community including playgrounds, a cycle track, sports fields and a skate park. The is plenty of neighbourhood retail in Clongriffin serving the local community and there are nearby shopping centres and retail parks such as Clarehall Shopping Centre and Donaghmede Shopping Centre. Dublin Airport is 9 kilometres from Clongriffin which is also a major employer in the area. In addition there are a number of business parks surrounding Dublin airport which are home to major national and international employers. Transport Located outside the units on Main Street is a Dublin Bus stop which is served by the 15 Dublin Bus Route. From here it is a 34 minute bus journey to the city centre. Also, located 600 metres, a 8 minute walk, is the Clongriffin Train Station which is served by the Dart and commuter rail line connecting the area to Dublin City Centre via Connolly Station, Tara Street and Pearse Street Station, Dundalk to the north and Bray to the south. It is a short 19 minute rail journey to the city centre. Matterport link for Apartment 10, 54 Main Street https://my.matterport.com/show/?m=YEzKMe1x6wf Link to Matterport of Apartment 3, 1 Park Avenue https://my.matterport.com/show/?m=ZaNjjhHNdr6

BER Details

BER: B2-D2

Negotiator Details

Ross Fogarty
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Price Changes in Clongriffin
Property Price Register in Clongriffin
Clongriffin Town Centre, Clongriffin, Dublin 13
€15,000 (0.88%)
€1,700,000 €1,715,000
18th Dec 23
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Price Changes In Clongriffin
Property Price Register
Knight Frank
Knight Frank
Tel: 01 63...
PSRA Licence No. 001266

Date created: Dec 21, 2023

Knight Frank
Knight Frank
PSRA Licence No. 001266
Ross Fogarty
Ross Fogarty
Tel: +353 ...
Director
Call Agent: 01 63...