€1,150,000 SALE AGREED
24 Main Street, Blackrock, Co. Dublin
3738 sq. ft.
- Available From: Immediately
- Sale Type: For Sale by Private Treaty
- Overall Floor Area: 3738 sq. ft.
TENANTS NOT AFFECTED Breslin & Co are delighted to list this terraced two-storey over basement mixed-use investment property to the open market. With a fully-rented schedule of four premises, the property offers robust rental income together with some asset management opportunities. The property has the benefit of both a long-term lease on the ground floor retail/coffee shop, together with three short-term leases to the three office premises. The property is located to the East-side of Main Street in Blackrock Village. Within a block of twenty-two properties, the property connects Main Street to Idrone Lane to the rear. The block of properties are all in commercial use. There is a mix of occupiers in the immediate vicinity including Eddie Rockets, Toni & Guy, Aidan Fitzgerald, Centra, Bank of Ireland and Supermacs. Liath Restaurant is located directly opposite, in the Blackrock Market. Transport links have been comprehensively serviced in Blackrock, with several bus routes, DART station in the Village and the cycle lane from Sandycove to Sandymount. Blackrock Village has benefitted from recent investments in new-build & refurbished office blocks, while both frascati and blackrock shopping centres have undergone extensive redevelopment in the past three years. NET Lettable area: 262.40 sq.m. / 2824 sq.ft. BER: F-rating x 2. G-rating x 1. PASSING/CONTRACTED RENT €82,100 P.A. excl. YIELD A. 7.38% AVERAGE NET INITIAL YIELD, EXCLUDING ACQUISITION COSTS. B. 6.71% NET INITIAL YIELD ALLOWING 9.96% ACQUISITION COSTS. LEASE SCHEDULE Leases, Areas & Rents for the four premises available on request.
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Daft ID: 59400724
Paul BreslinSALE AGREED