Pizza Hut, 3 Church Place, Sallynoggin, Co. Dublin, A96X9T2

Keane Thompson is delighted to present a unique and exciting mixed-use Residential and Retail Investment unit, offering excellent potential for further uplift to a yield of c.8% to 9.1% plus. This attractive property, built in the early 1950s, comprises a well-maintained two-bedroom apartment on the top floor with an established Pizza Hut outlet positioned on the ground floor. Retail: A new 10-year IRI lease is currently being finalised for the ground floor commercial unit at €29,000 per annum with further potential of €4,800 per annum for the vacant self-contained ground floor side storage unit. The existing retail unit is currently let to Pizza Hut and benefits from a strong tenant covenant. The unit features commercial-grade non-slip rubber flooring throughout and is separated into a welcoming reception area with customer seating, a large kitchen, and ancillary areas. The kitchen includes two freezer cold storage units, stainless steel sinks, a WC, and a wash hand basin. The entrance hallway to the left leads through to a separate spacious ground-floor storage area with concrete flooring and a separate under-stairs storage space, all accessed via a private entrance. Residential: The residential unit is offered with vacant possession, previous rent set at €22,200 per annum, presenting strong rental potential due to a very large attic which could be suitable for a further two rooms (subject to planning permission). With proposed new regulations due in March 2026, this rent may be subject to a re-set to market value. Market value is projected in the region of €30,000 per annum in its current condition. This two-bedroom apartment is well maintained and offers an abundance of natural light and a practical internal layout. There are two rear-facing double bedrooms, a fitted kitchen with both eye and base-level kitchen units, a spacious front-facing sitting room, and a family bathroom that completes the accommodation. Location Church Place in Sallynoggin is home to a variety of local businesses that serve the community’s daily needs. From cosy cafés and takeaways to convenience stores and service providers, the area offers a blend of family-run establishments and small enterprises that contribute to its vibrant, local atmosphere. A well-known feature is the presence of specialist services such as hair salons and garages, making Church Place a convenient hub for both residents and visitors. With its close proximity to larger shopping areas in Dún Laoghaire and surrounding suburbs, Church Place complements Sallynoggin's friendly, community-focused business scene. Accommodation c. 147 sq.m ground floor retail and separate self-contained storage room with a further c. 65 sq.m first floor residential. Please refer to floorplans for room measurements Retail c. 147 sq.m (includes self-contained storage room) Retail unit separated into two areas front and rear, currently in use as Pizza Hut, with separate self-contained vacant side storage room suitable for commercial or residential. Residential Apartment c. 65 sq.m Living Room Bright and spacious, with laminate flooring, and front-facing windows. Kitchen A range of base and eye-level kitchen units, plumbed for a washing machine and dishwasher, providing a functional space for family living with laminate flooring. Bathroom Features partially tiled walls, a wash hand basin, a toilet, and an electric shower. Bedroom 1 Rear-facing double room with carpet flooring. Bedroom 2 Rear-facing double room with carpet flooring. Hallway Hot press and very large attic space - potential to convert into two further rooms subject to planning permission. Features Current rent roll on retail unit in progress at €29,000 per annum, 10-year IRI lease. Deed of renunciation. Massive potential for uplift due to vacant 2-bed residential apartment. Previous rent on residential unit €22,200 per annum, due for increase subject to RPZ, with potential for substantial rent increase – possible to add an additional two rooms in attic subject to planning permission. Possible re-set to market rent in March 2026 for the residential apartment, projected rental market value €30,000 per annum. Ground floor storage unit vacant – potential rental income of €4,800 per annum. Potential gross yield at c. 8% to 9.1% and above. Vacant possession offered on residential premises and separate ground floor storage premises. Excellent location, close to shops, schools and public transport. Near to Dun Laoghaire, Glasthule & Sandycove village. Dart, Aircoach, N11, M50, Bus routes 7, 7n, 46a, 63 &75. Electric heating. Asking Price: €645,000