HomeIrelandDublinDublin CountyBalrotheryUnit 4, Castlekeepe, Balrothery, County Dublin
€620,000

Unit 4, Castlekeepe, Balrothery, County Dublin

133m 2Energy RatingRetail Units
Eircode: K32 E702
Sherry Fitzgerald Cumisky Kelly
Sherry Fitzgerald Cumisky Kelly
Tel: 01 691 3000
PSRA Licence No. 002340
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Description

OUTSTANDING INVESTMENT OPPORTUNITY - NO V.A.T. Unit 4 Castlekeepe comprises a ground floor retail unit measuring c. 133sq.m / 1,432sq.ft. within the Castlekeepe commercial centre. Castlekeepe is a mixed use development, residential over ground floor retail, of concrete construction with ample parking. The unit is fully fitted as a modern bookkeepers premises.

Accommodation

Ground Floor retail space - c. 133sq.m / 1,432 sq.ft. - intending purchasers must satisfy themselves as to floor area - information is given in good faith but not to be relied on. The unit is leased to Track Sports Ltd. on a 21 year lease (FRI) from 1st November 2008, initial annual rent as follows:- Year 1 - €55,000 Year 2 - €60,000 Year 3, 4 & 5 - €70,000. The lease provides upward only rent reviews at five year intervals The rent was revised from 1st August 2014 to €52,500 per annum or €4,375 per month and future rent reviews are from this level. Rates - €4,651.64 Service Charge 2021 - €1,033.11 Vat on this building has already been discharged and therefore, there will be no vat applied to the purchase - unusual with commercial units. Offers are invited in the region of €620,000. Attractive yield c. 7.75% (assuming 8% purchase costs and lease renewal).

Features

Modern retail unit (tenant not affected) measuring c. 133sq.m Great location between the busy Balrothery Inn Public House and Spar convenience store - good footfall and adjacent target audience. Balrothery is a growing population centre c. 2km south from Balbriggan in north Co. Dublin, convenient to the M1 Motorway, c. 4 mins The property is opposite commuter bus services to Dublin and Drogheda. The premises is let to Track Sports Ltd. for 21 years at a passing rent of €52,500 per annum on a FRI basis from 1st November 2008 with 8 + years remaining.

BER Details

BER: C1

Directions

Balrothery is a village situated approx. 30 Km north from Dublin, 2 km south from Balbriggan in Co. Dublin. The property is well located adjacent to the Balrothery Inn, a large and thriving roadhouse and the local SPAR Convenience Store. The M1 motorway is situated within 4 minutes of the premises facilitating easy access and commuter bus routes north to Drogheda and south to Dublin City operate close by.

Documents

Unit 4, Castlekeepe, Balrothery, County Dublin

€620,000

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Beds
Price€620,000
Property TypeRetail Units
Size133 meters2
Energy RatingBER-C1
Refreshed on
EircodeK32 E702

Description

OUTSTANDING INVESTMENT OPPORTUNITY - NO V.A.T. Unit 4 Castlekeepe comprises a ground floor retail unit measuring c. 133sq.m / 1,432sq.ft. within the Castlekeepe commercial centre. Castlekeepe is a mixed use development, residential over ground floor retail, of concrete construction with ample parking. The unit is fully fitted as a modern bookkeepers premises.

Accommodation

Ground Floor retail space - c. 133sq.m / 1,432 sq.ft. - intending purchasers must satisfy themselves as to floor area - information is given in good faith but not to be relied on. The unit is leased to Track Sports Ltd. on a 21 year lease (FRI) from 1st November 2008, initial annual rent as follows:- Year 1 - €55,000 Year 2 - €60,000 Year 3, 4 & 5 - €70,000. The lease provides upward only rent reviews at five year intervals The rent was revised from 1st August 2014 to €52,500 per annum or €4,375 per month and future rent reviews are from this level. Rates - €4,651.64 Service Charge 2021 - €1,033.11 Vat on this building has already been discharged and therefore, there will be no vat applied to the purchase - unusual with commercial units. Offers are invited in the region of €620,000. Attractive yield c. 7.75% (assuming 8% purchase costs and lease renewal).

Features

Modern retail unit (tenant not affected) measuring c. 133sq.m Great location between the busy Balrothery Inn Public House and Spar convenience store - good footfall and adjacent target audience. Balrothery is a growing population centre c. 2km south from Balbriggan in north Co. Dublin, convenient to the M1 Motorway, c. 4 mins The property is opposite commuter bus services to Dublin and Drogheda. The premises is let to Track Sports Ltd. for 21 years at a passing rent of €52,500 per annum on a FRI basis from 1st November 2008 with 8 + years remaining.

BER Details

BER: C1

Directions

Balrothery is a village situated approx. 30 Km north from Dublin, 2 km south from Balbriggan in Co. Dublin. The property is well located adjacent to the Balrothery Inn, a large and thriving roadhouse and the local SPAR Convenience Store. The M1 motorway is situated within 4 minutes of the premises facilitating easy access and commuter bus routes north to Drogheda and south to Dublin City operate close by.