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€850,000 SALE AGREED

Pembroke Terrace, Dundrum, Co. Dublin

226m2

Investment Property

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Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 226m2
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The subject property is a beautiful red brick, twostorey, end of terrace building, with a total floor area of 2,437 Sq. Ft. There is 1,359 sq. ft. at ground floor level and 1,078 sq. ft. at first floor level.>> The property is an excellent investment opportunity, occupied by Thomas Carroll Optician, who have been operating out of the building since 2006 and have been in Dundrum Village since 1972. Thomas Carroll Opticians hold a 21 Year Lease which commenced in July 2006. There is 7 Years remaining on the lease with no breaks and the lease is Upward Only. It is our opinion that the building is let at market rent in today€TM marketplace.>> The investment derives a Net Initial Yield of 6.95% after standard purchase costs of 9.92% (stamp duty 7.5%, legal fees 1%, agent fees 1% together with VAT on fees).>> The building was fully refurbished in 2006 and is now a modern opticians€TMpremises with adult€TM retail space downstairs to the front of the premises along with eye testing rooms and staff facilities to the rear of the ground floor. The first floor is excellently designed out to provide for children€TM retail and eye testing rooms/offices to the front along with toilet facilities, storage, and a staff room to the rear. To the rear of the premises at ground floor level there is a small garden patio, a perfect place to sit out and enjoy a coffee or your lunch.>> Located on Main Street, Dundrum, the property is directly across the road from LIDL and the €Old Dundrum Shopping Centre€TMand on the very busy side of the main pedestrian street where all the banks, Bank of Ireland, Ulster Bank, AIB, PTSB and Dundrum Credit Union, are located. The LUAS line stop of€TMDundrum€TMis only two minutes€TMwalk away and the Dundrum Town Centre is also only two minutes€TMwalk away. With all the Town Centre has to offer, the construction of the new €Pembroke Area€TMand the reinvigorated Main Street Area, quite frankly it€TM difficult to see where you could buy a better located building premises in Dundrum!>> Dundrum village is undergoing a major infrastructure project which is nearly complete and now provides a €one-way system€TMfor cars, a contra flow cycling lane and extra pedestrian walkway and seating space for the public to enjoy. The works are in response to Covid-19 and aims to see a revival of pedestrian traffic using the village.

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BER Details

SI_666

Statistics

01/11/2020

Entered/Renewed

471

Property Views

Contact Agent

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Gary Neilson

Quantum Property Consultants

PSR Licence Number: 003574

SALE AGREED

Quantum Property Consultants

Contact Agent

profile

Gary Neilson

SALE AGREED
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