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+21
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25
€2,000,000

Kilronan House, Church Road, Malahide, Co. Dublin

6689 sq. ft.

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 6689 sq. ft.
Prime location multi-tenant commercial investment Opportunity Specification / Key Benefits: Multi-unit fully tenanted commercial investment property Approx. 621.4 sq m / 6,688.69 sq ft Long-term secure income of €167,304 per annum Net Initial Yield (NIY) of 7.7% Strategically located in the heart of Malahide village Overview: REA Grimes Clontarf are delighted to bring this centrally located commercial premises to the market. Kilronan House is home to 8 businesses and measures approximately 621.4 sq m / 6,688.69 sq ft NIA. It comes with 6 parking spaces to the rear of the property, accessed via a laneway, and an annual rental income of €167,304 with a net intial yield (NIY) of 7.69%. Location: Situated in the heart of Malahide village - It is well serviced by excellent public transport, including the DART and Dublin Bus, ensuring fast and easy access to and from the City Centre. Excellent road networks offer easy access to the M1 / M50 motorways and Dublin Airport. Tenancy The entire property is fully let with a current passing rent of €167,304 per annum. (Tenancy schedule available on request). Tenants not affected. Usage Type Investment Investment Highlights Multi-Unit Commercial Investment Opportunity Comprises of 8 units (fully tenanted / in situ) 6 car parking space Excellent proven rental location Estimated Annual Gross Rental Income of €167,304 Freehold title Ground Floor: Entrance Hall: Leading to the medical centre on the ground floor, with stairs leading to 3 further units Malahide Medical Centre: Corridor with wooden flooring leading to reception area, office, waiting room, four treatment rooms and a theatre room. Kitchenette with sink, storage room, disabled WC with wash hand basin and WC Chow Town: Ground floor own door takeaway unit, with bench and breakfast bar with seating at the front, and kitchen facilities to the rear Gabors Barbers: Ground floor own door barber shop with laminate flooring, reception / seating area, cloakroom / staff room, WC with wash hand basin and WC Tantastic: Tanning Salon with own door entrance from Church Road. Laminate flooring, four tanning pods, reception / seating area, WC, wash hand basin and storage room First Floor: Upstairs there are two WC's, a kitchenette and storage rooms Tree of Life: Located to the rear of the building, comprises a large reception and waiting area, 4 treatment rooms / offices and a large events room Nails by Martha: With laminate flooring located to the front of the building, comprises an open plan room operating as a nail salon Chiropodist / Perfect White Smiles: Shared waiting area, WC, and kitchenette; the Chiropodist has 2 treatment rooms and Perfect White Smiles has a treatment room and an office Commercial Rates 2021 Paid by tenants BER Details: Rating: E2 BER Number: 800821357 Energy Performance Indicator: 500.95 kWh/m²/yr 2.4 Tilte: We understand that the property is held under a freehold title Viewings: Viewings are strictly by pre-arranged appointment through REA GRIMES the sole selling agents.

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BER Details

E2

BER No: 800821357

Energy Performance Indicator: 500.95 kWh/m2/yr

Statistics

23/09/2022

Entered/Renewed

6,569

Property Views

Daft ID: 57697639

Contact Agent

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REA Grimes, Clontarf

01 853 0630
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