31 Castleland Park View, Parkview, Balbriggan, Co. Dublin

Important Note: Details of upcoming viewings as well as the current highest offer are available to view here: https://www.auctioneera.ie/property/31-castleland-park-view-parkview-balbriggan-dublin-k32-t978 Auctioneera is delighted to present 31 Castleland Park View, Parkview, Balbriggan in Dublin. The property is leased to Fingal County Council via a long-term leasing agreement. The lease commenced in October 2014 for a term of 20 years. The rent was reviewed in October 2022 and set at €1120pcm. Accordingly, the property offers an attractive risk-free gross return of 4.8%. Further rent reviews are due in 2026 and 2030. At each review, the rent will be revised to 80% of market rent. This is an attractive, hands-off investment offering guaranteed, stable cash-flow. A redacted copy of the long-term lease agreement is available on request. The property consists of a living room/kitchen, 2 bedrooms, an ensuite, and a bathroom. The living room/kitchen is bright and spacious; the kitchen is well-fitted with good storage and countertop space. The 2 double bedrooms are spacious and have excellent storage in the form of built-in wardrobes. Both the ensuite and bathroom come well-presented and maintained, they feature sink vanity units that provide additional storage. At the rear of the property is a spacious back garden with a covered patio area which is perfect for garden furniture. There is also plenty of potential for an extension to the property, subject to planning permission. There are a number of amenities in the area including Balbriggan Beach, Millfield Shopping Centre, several primary and secondary schools, supermarkets, shops, restaurants, bars, and cafes. The area is well catered for by public transportation with Balbriggan train station being a 5-minute drive away and several bus stops in the locality. The M1 is 6-minutes away and provides easy access to the M50, Dublin Airport, and Dublin City Centre.