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  6. Upper Abbey Street / Millennium Walk, Dublin 2
Refreshed on: 20/02/2018

Upper Abbey Street / Millennium Walk, Dublin 2

636.014214232564 m 2


The only FREEHOLD RETAIL INVESTMENT FOR SALE in Dublin City CentreMillenium Walkway / Upper Abbey Street Investment Property For Sale -6,846 sq. feet (636 sq. metres)COLDWELL BANKER COMMERCIAL has For Sale this High Profile GroundFloor Freehold Retail Space with a passing rent of 392,575.00 .There are also 8 underground car spaces.The total rental income isGUARANTEED by BWG FoodsOccupied by SPAR the retail unit is located on one of Dublin\'s busieststreets adjacentto the Jervis Street LUAS Stop and Jervis Street Shopping Centre.inDublin City Centre in the vicinity of O\'Connell Street.This is a solid investment with an excellent initial returnGross Initial Yield over 7.5%Net Initial yield of 7 % after 6%stamp duty and standard acquisition costsLease DetailsThe total floor space is let to Triode Newhill Ltd (a wholly ownedsubsidary of BWG Foods) under 3 leasesLease 1 (Area outlined in Red)8 years and 2 months from 01/12/2016 with a review in2021. The passing rent is 267,575.00Lease 2 (Area outlined in Blue)20 years from 15/09/2005 with 5 yearly reviews. The rent is 50,000per annum Lease 3 (Area outlined in Green) 20 year lease from January 2218 with 5 year reviews. Break option after 7 years .The passingrent is 75000 per annum- Asking Price - 5,200,000 -The details & particulars contained within this brochure, are forguidance only and do not form part of any contract or intent tocontract. While every care has been taken in the preparation we do nothold ourselves responsible for any inaccuracies. They are issued onthe understanding that all negotiations will be conducted through thisfirm.Please note we have not tested any apparatus, fixtures, fittings, orservices. Interested parties must undertake their own investigationinto the working order ...

Coldwell Banker Commercial Leeson Estates

28 Lower Leeson Street, Dublin 2

Tel: 01 455 4752

PSRA Licence No.  002120  /  002120

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