Location
163 Lower Drumcondra Road is situated on the east side of the Drumcondra Road which is one of the main arterial routes linking the city centre to Dublin Airport and the M1 Belfast Road. The premises is on the main thoroughfare in Drumcondra located approximately 3km north of Dublin city centre. The area is a busy local shopping district with a high volume of pedestrian traffic. Notable occupiers in the area include Tesco, An Post and Drumcondra Credit Union.
Description
The property is an end of terrace two-storey building. It has a plate glass shop front on to Lower Drumcondra Road. Upstairs, there is accommodation at return, first floor and attic levels with a separate side entrance from the street.
To the rear of the property is a single storey unit constructed of concrete block with a timber sliding entrance door and an insulated lean-to corrugated roof. This unit is accessed from Cian Park.
Accommodation
Description |
Approx sq.m. |
Ground Floor |
|
Shop |
42.1 |
Store Room |
6.8 |
Kitchenette |
2.0 |
Return |
|
Hair Salon |
13 |
W.C. |
N/A |
First Floor |
|
Fitting Room |
9.4 |
Reception Room |
13.3 |
Alterations Centre |
12.4 |
Attic |
|
Kitchenette/storage |
12.5 |
Total |
111.5 |
Single Storey Unit |
57 |
Title
The property is held under a 300 year leasehold interest from 1928 at an annual rent of €25 per annum with no rent review.
Tenancies
The ground floor is let under a 35 year FRI lease with 5 year rent reviews from 12th November 1980 at a current level of €27,000 per annum.
The return level, first floor and attic are let under a 25 year FRI lease with 5 year rent reviews from 31st July 2000 at a current level of €11,750 per annum.
The single storey unit to the rear is currently vacant offering potential to increase the income from the property or accommodate owner occupation.
Town Planning
The property is situated in an area zoned for residential purposes under the Z4 objective to provide for and improve mixed services facilities.