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€400,000 SALE AGREED

1 Fitzmaurice Road, Glasnevin, Dublin 11

177m2

Investment Property

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Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 177m2
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- Mixed Use Investment - Extending to approximately 177.45 sq.m. (1,910 sq.ft.) - Comprising 2 interconnected retail units and a vacant first floor unit - Current passing rent of €33,540 p.a. with vacant possession of first floor unit - Well located on busy retail parade - Excellent asset management opportunity - Net Initial Yield 7.62% - Tenants Not Affected. Fitzmaurice Road is in the centre of Glasnevin, close to Johnstown Park and The National Botanic Gardens. The subject property is located at the end of prominent retail parade at the junction of Fitzmaurice Road and Ballygall Road. The area is predominately residential in nature and has an established trade. Surrounding occupiers include Spar, Polished, Haven Pharmacy and Texaco. The subject property is a two-storey mixed use end of terrace property with an extension to the rear which provides access to a small rear yard. The property extends to approximately 177.45 sq.m. (1,910 sq.ft.) The ground floor comprises of a butcher trading as Corrigans Butcher to the front with rear preparation and fridge storage area. The post office is accessed through the butcher and comprises cashier counter to the front and administrative offices to the rear. The first floor which has separate off street access was previously occupied by a beauty salon and has the benefit of vacant possession. This unit could be easily converted to 2 bedroom residential accommodation S.P.P. The property is currently occupied on the ground floor by Corrigan's Butcher and an individual trading as An Post. Both the current tenants are over holding on an expired 35 year lease from December 1982. They are paying a combined annual rent of €33,540 per annum.

More about this Property

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BER Details

G

BER No: 800763757

Energy Performance Indicator: 900.5 kWh/m2/yr

Statistics

10/12/2020

Entered/Renewed

1,338

Property Views

Daft ID: 5995403

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Brian Kelly, Surveyor

QRE

PSR Licence Number: 003587

SALE AGREED
01 637 5552 or 087 3374 933

QRE, QRE Real Estate Advisers, 14 Fitzwilliam Square East, Dublin 2

Brian Kelly, Surveyor's logo
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Brian Kelly, Surveyor

SALE AGREED
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