Sold

153 – 155 Upper Rathmines Road, Rathmines Dublin 6

2,76 Sq.M. |
 2,970 Sq.Ft.

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

C1 -G

Lease Terms

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.

Rateable Valuation

Rates for current year

Service Charge

Town Planning

Solicitors

Sales Procedure

Sale via Private Treaty.

VAT: We have been advised that this sale is exempt from Vat.

Gallery

Enquiry