Summary
• Excellent Investment Opportunity
• Vibrant Retail Parade
• Double fronted Retail Unit & Vacant Apartment Overhead
• Opportunity to increase rent roll.
Tenant not affected.
Location
The property is located on Rathmines Road Upper close to the junction of Rathmines Road Upper and Frankfort Avenue opposite Tranquila Park.
The surrounding locality provides neighbourhood retail units including Connolly’s Fish Company, Tesco Express, Roches Pharmacy and Fothergrill’s Café.
The area consists of neighbourhood retail units with residential dwellings overhead.
Excellent commuter connections serve the property well with several Dublin Bus routes while also being in walking distance of Cowper LUAS stop.
Description
The subject property comprises a two – storey end of terrace building of brick and block concrete with a brick and concrete façade.
The ground floor trades as a high quality modern local grocery.
The upstairs provides a self-contained 3-bedroom apartment which would benefit from some refurbishment.
The property also has the benefit of rear access to Maxwell Lane.
accommodation
| Accommodation |
| The approximate gross internal floor area is as follows: |
| sq.m sq.ft |
| Ground Floor |
| Retail Unit 69.7 750 |
| Storage Area 32.5 350 |
| Extension to Rear* 120.8 1,300 |
| First Floor Residential 83 893 |
| Total 276 2,970 |
| *Ground floor extension to the rear was constructed by the tenant.
All intending purchasers are specifically advised to verify the floor area and undertake their own due diligence. |
BER Rating
Title
Freehold
Tenancy Details
Ground Floor
Let to Manus Gallagher, Gerard Gallagher and Gerry McGill in personal names trading as Grocer on the Green under a 15-year lease from 27th February 2021 at a rent of €50,000 per annum.
The property is configured providing a thriving ground floor retail unit that has benefitted from a refit and presents well having been extended by the tenant.
RESIDENTIAL UNIT
The apartment is been sold with vacant possession.
Sales Procedure
Sale via Private Treaty.
VAT: We have been advised that this sale is exempt from Vat.
