1 & 2 Meadowview, Sarsfield Road, Ballyfermot, Dublin 10 D10 P710€1,195,000 C1

Investment Property 2906 ft² / 269.98 m² For Sale

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Description

PROPERTY PARTNERS O'BRIEN SWAINE are delighted to offer this mixed-use investment opportunity consisting of two ground floor retail units with two first floor apartments above. Set back from Sarsfield Road with ample parking to the front of the development this is a superb opportunity to acquire a good rental return on an extremely busy thoroughfare leading with heavy footfall and regular passing trade.

The current tenants of the retail units are Paddy Power (Unit 1) and Mr. Wu Chinese Take Away (Unit 2) The apartments are both presented in excellent condition and are accessed via a communal front door in between the retail units. The overall passing rent is €104,736 per annum

Sarsfield Road is a link Road between Ballyfermot and the Chapelizod bypass. The location is approximately 5 kilometres from Dublin City Centre and 4 kilometres from the M50 motorway. The location is surrounded by a host of amenities including the Phoenix Park, Heuston Mainline Train Station and a short distance from the Red Luas Line.


Retail Unit 1:
Floor: Ground Floor
Size: 103.5 sq metres
Tenant: Paddy Power
Lease Term: 25 years from January 2007
Rent: €45,000 per annum

Apartment 1A:
Floor: 1st floor
Size: 52 sq m €" 2 bedrooms
Tenant: Sitting tenant
Rent: €20,016 per annum

Retail Unit 2:
Floor: Ground Floor
Size: 63.65
Tenant: Mr Wu
Lease Term: 25 years from June 2013
Rent: €21,000 per annum

Apartment 2A:
Floor: 1st Floor
Size: 52 sq metres
Tenant: Sitting Tenant
Rent: €18720 per annum

Commercial Rates:
Unit 1: €2904.72
Unit 2: €2765.49

BER Details

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