Superb opportunity to acquire a high profile modern commercial investment
Comprising an interesting mix of shop units and overhead offices
Strong tenants with good covenants
Excellent asset management opportunity
Currently producing €227,300 per annum with immediate reversionary potential
Excellent frontage to busy Main Road with ample on-site parking
Excellent infrastructure links
St. Fintans is located at the junction of North Street and Balhealy Road in Swords. Adjoining occupiers include Enterprise Rent-A-Car, Arces Cosulich Ireland Ltd. and Rocks Funeral Home. Swords Main Street is located approximately 600m to the south of the property and Junction 4 of the M1 is situated approximately 1.7 km to the North. The surrounding area is predominantly residential in character. North Main Street is lined with a mix of commercial and residential users. Swords is a suburb 13 km North of Dublin City Centre. Malahide borders to the East and the Airport is located to the South.
Occupiers within the development include Gourmet Food Parlour, Paddy Power, HSE, CPL and Connect Offices
The property was constructed in 2007 and comprises a part three storey and four storey mixed use development. There are currently three retail units on the ground floor occupied by Paddy Power, the Gourmet Food Parlour, and the final one is vacant.
The first floor consists of c974 sq.m. of office accommodation and is currently split into five separate units and are let to the HSE, The Gourmet Food Market Ltd., Connect Serviced Offices Ltd., Flexsource Solutions Ltd. The remaining office unit is Vacant and is in shell condition.
Overhead are 26 apartments and are in separate ownership.
The 44 secure car spaces are accessed via an electric gate on Balheary Road.
The sale of this property represents an excellent opportunity to acquire an interesting asset with a strong rental payment history. This is a well maintained development and there is an opportunity to further increase the rental income by letting the vacant shop and therefore give the new owner an opport ...