Unit 16/17 Fashion city, Tallaght, Dublin, D24RP8C

Sale Type: For Sale by Public Auction, Auction Date & Time: Thu, Nov 26 at 10:30 AM, Auction Location: Online - bidx1.com/en/109637 Prominent multi retail warehouse investment. Located within the established Fashion City development. Strategic position adjacent to Junction 10 of the M50 Motorway. Extending to approximately 1,736 sq. m (18,686 sq. ft.) in total. Subject to 4 x tenancies. Established occupier profile including Fairy Godmother, Halpenny Golf, Jessica Graaf and The Beauty Suite Limited. Fully let with a passing rent of approximately €200,123 per annum. NIY 9.33%. The property comprises mid-terrace industrial / showroom premises extending to approximately 1,657.92 sq m / 17,847 sq ft GIA. Internally, the property is arranged across ground and first-floor levels and is currently configured to provide a mix of retail, showroom, retail warehousing and ancillary accommodation. The ground floor is largely occupied by a number of tenants, with rear service/delivery access arrangements. The first floor consists of a new lease in its entirety to the Beauty Suite Limited, resulting in no vacancies and an increased rent roll. The property presents as a multi-let investment with an existing income stream and further asset management potential. The property is currently producing approximately €200,123 per annum. Fashion City forms part of the wider Ballymount commercial area, a recognised business district situated approximately 9 km south-west of Dublin city centre. The location benefits from excellent road connectivity, being positioned adjacent to Junction 10 of the M50 Motorway, which provides immediate access to Dublin’s wider motorway network, including the N7, M7, M1 and M11 corridors. Ballymount is home to a wide range of national and international occupiers and has become a focal point for wholesale, showroom, trade counter, logistics and retail warehousing uses. Ref: IE0011126000080