C3

70 St Laurence's Park, Stillorgan, County Dublin

Bed Investment Property €600,000

Description

Excellent Freehold Investment Opportunity

TENANTS NOT AFFECTED


The property comprises a two storey end terrace building in a small parade of commercial retail units off Old Dublin Road & opposite Stillorgan Shopping Centre.


The Ground floor extends to c.164 sq.m. and the First floor extends to c.76 sq.m.
Total GIA c.240 sq.m. (c.2,580 sq.ft.)


The Ground floor is let to Ecopipes Ireland Ltd on a 10 year lease from 1st April 2015 @ €35,000 p.a. with 3 yearly reviews of rent. Review of rent is due from April 2018.

The First floor is let to Frank Elmes Architect on a 35 year lease from January 1984 (expires December 2018). Tenant paying €11,000 p.a.


Stillorgan is a very busy South County Dublin suburb and well established vibrant commercial area, close to Mount Merrion, Kilmacud, Blackrock, Dundrum & Goatstown. St Laurence€TM Park is situated opposite Stillorgan Shopping Centre and some neighbouring commercial occupiers include Stillorgan Cycles, Joseph Kramer Hair Salon, Matt Briton Carpets, Aroma Take-Away and Leisureplex.

Features

FEATURES:
- Tenants not affected
- Two storey building with Ground floor Retail & First floor Offices
- Total GIA c.240 sq.m. (c.2,580 sq.ft.)
- Current Rental Income €46,000
- Excellent readymade Investment Opportunity
- Two separate entrances serving ground floor and first floor
- Located in the heart of Stillorgan Village opposite Shopping Centre
- We are advised that no VAT is payable on sale price
- Freehold Title
- Net Initial Yield 7.06% (assuming standard purchaser costs)


NOTE: Any intended purchaser will need to satisfy themselves as to the exact area of the subject property.

BER Details

BER: C3

Viewing Details

Strictly by prior appointment with our office. Please call us on (01) 298 3500.

Property Team O'Mahony Auctioneers

  • Goatstown, Dublin 14
  • Phone: 01 298 3500
  • PSRA:001493

Contact

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