Unit 9, Ballyowen Castle Shopping Centre, Castle Road, Lucan, Co. Dublin

Retail Investment Opportunity - Ballyowen Castle Shopping Centre, Lucan Current Rent: 25,000 euros per annum (tenant pays service charge) Potential Additional Income: Up to 5,000 euros p.a. A superb opportunity to acquire a secure, income-producing two-storey retail investment in the popular Ballyowen Castle Shopping Centre, Lucan. The property comprises a ground floor and first floor retail unit, currently occupied by a long-term tenant operating as a barber shop. The tenant has recently refurbished the ground floor, demonstrating ongoing commitment to the premises. Built circa 1995/1996, the unit benefits from shared toilet facilities and sits within a well-established neighbourhood shopping centre with steady footfall and complementary occupiers. Accommodation & Use - Ground Floor: Barber shop - long-term tenant, recently refurbished. - First Floor: Divided into two separate rooms: Front Unit: Sublet by the tenant to a clothing alterations business, providing supplementary income. Rear Unit: Previously sublet to Vantage Towers, who operated an antenna from the attic. This area offers additional rental potential of up to 5,000 euros per annum once re-let. - Shared toilets accessed via common area. Tenancy & Income Passing Rent: 25,000 euros per annum. Service Charge: 3,311.76 euros + VAT per annum (paid by tenant). Insurance: Landlord pays 900 euros per annum (buildings only). Lease Type: Long-term; tenant in situ 10+ years. Lease Commenced 5th July 2020 with new stamped lease in September 2025 reflecting the increased rent. Length: 10 years 9 months from commencement date. Total Potential Income: c.30,000 euros p.a. once upper rear unit is re-let. This is a virtually net investment, with minimal landlord outgoings and an established tenant paying full service charge. - Secure income from a long-standing, reliable tenant. - Attractive NIY of c.7.1%, rising to 8.6%+ on full occupancy. - Tenant pays service charge, ensuring low landlord costs. - Additional rental potential from upper rear unit. - Approved planning to extend all shopfronts underneath the existing canopy, out in line with the roof of the canopy - offering future rental and capital growth. This would add a sizeable amount of space to the ground floor unit and would also allow for the upper units to be made separately accessible (subject to necessary planning and works). - Attractive lot size suitable for private and pension investors. The management company have been actively improving the shopping centre over the past few years with improvements to the walkways and car park, environmentally friendly LED lighting and plans for further improvements. Ballyowen Castle Shopping Centre is a well-established suburban retail centre in Lucan, serving a large residential catchment. The area benefits from excellent local amenities, strong population growth, and easy access to the N4 and M50. Surrounding occupiers include convenience retail, café, and service businesses providing a steady flow of customers. - Passing Rent: 25,000 euros per annum. - Service Charge: 3,311.76 euros + VAT per annum (paid by tenant). - Insurance: Landlord pays 900 euros per annum (buildings only). - Lease Type: Long-term; tenant in situ 10+ years. - Total Potential Income: c.30,000 euros p.a. once upper rear unit is re-let. - Secure income from a long-standing, reliable tenant. - Attractive NIY of c.7.1%, rising to 8.6%+ on full occupancy. - Tenant pays service charge, ensuring low landlord costs. - Additional rental potential from upper rear unit. - Approved planning to extend all units under canopy - offering future rental and capital growth. - Attractive lot size suitable for private and pension investors.