32 Ranelagh Road, Ranelagh, Dublin 6, D06Y027

Sale Type: For Sale by Public Auction, Auction Date & Time: Thu, Mar 12 at 10:00 AM, Auction Location: Online - bidx1.com/en/106290 A three storey, end of terrace mixed use building. Comprising office accommodation at ground and first floor level and a 1 bedroom apartment at second floor level. Extending to approximately 367 sqm (3,950 sq ft). Prime location in the heart of Ranelagh, Dublin 6. Entire let to Locumlink Associates Ltd. Lease expiry July 2036. Total current rent reserved €95,000 per annum. NIY 4.93% with strong reversionary potential. The subject property comprises an end of terrace, three storey mixed use building fronting onto Ranelagh Road near the junction of Northbrook Avenue. The property is arranged to provide office accommodation at ground and first floor level, together with a one-bedroom apartment at second floor level and storage and 1 x car parking space at basement level. The office space at ground and first floor level comprises of open plan offices, WC and segregated offices and meeting rooms. The apartment benefits from a wraparound panoramic balcony, own door access at street level and an internal lift accessed through the main building. Total floor area extending to approximately 367 sq m (3,950 sq ft). All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided. Ranelagh is a desirable south Dublin suburb located approximately 4km south of Dublin City Centre. The subject property is located on Ranelagh Road, close to the junction with Northbrook Road. Local amenities include the Swan Shopping Centre, Leinster Sports Complex and Belgrave Square together with a wide range of shops/boutiques, bars and restaurants. The locality benefits from several primary and secondary schools such as Sandford Park, St. Mary's College, Stratford NS, Alexandra College Junior & Senior Schools. Transport links in the area include the Luas Green Line(Ranelagh and Charlemont) and various Dublin Bus services(44 & 61 in close proximity). The subject property is let in its entirety to Locumlink Associates Ltd on a 21-year lease from July 2015 at a current passing rent of €95,000 per annum. The lease allows for 5 yearly open market rent reviews. Ref: IE0010326000032