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IrelandDublinDublin CountyBalrotheryUnit 4 Castlekeep,Balrothery,Co. Dublin,K32 E702

€620,000
€20,000.00 7th Sep 21

Unit 4 Castlekeep,Balrothery,Co. Dublin,K32 E702

133m 2Energy RatingRetail Units Refreshed on Sep 7, 2021
Eircode: K32 E702
#5 of 5 Properties Viewed in Balrothery
Sherry Fitzgerald Cumisky Kelly
Sherry Fitzgerald Cumisky Kelly
Tel: 01 841 3000
PSRA Licence No. 002340
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Description

The property comprises a ground floor retail unit measuring c. 133 sq m / 1,432 sq 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. Rates 2021: €4,651.64 Service Charge 2021: €1033.11.

Accommodation

Lease details Unit 4, Castlekeepe, Balrothery is leased to Track Sports Ltd. on a 21 year lease (FRI) from 1st Nov 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. Vat on this building has already been discharged and therefore there will be no vat applied to the purchase - unusual with commercial units. Accommodation Ground floor retail space c. 133 sq 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. Purchase Price Offers are invited in the region of €620,000. Attractive yield c. 7.75% (assuming 8% purchase costs and lease renewal). VIEWING Only by prior appointment through the sole agents.

Features

Modern retail unit (Tenant not affected) measuring c. 133 sq m / 1, 432 sq ft. 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. 8 + years remaining.

BER Details

BER: C1 BER No: 28576643 Performance Indicator: 213

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.

Negotiator Details

John Cumisky

Viewing Information

Strictly by appointment with Sherry FitzGerald Balbriggan on 01 8413000
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