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4 Drogheda Street, Balbriggan, Co. Dublin

Investment Property (2,390.00 sqft) Sold
of

Sold

Features

  • Property comprises a mid-terrace two storey modern building which extends to approximately 222 sqm (2,390 sqft) on a net internal basis.
  • The entire ground and first floor is leased to Lenny's (Medical Hall) Limited t/a O/Regan Pharmacy at a rent of €35,000 per annum with 6.3 years unexpired lease term.
  • Tenant not affected by sale.
  • High yielding investment opportunity

Location

Balbriggan is located approximatley 32km north of Dublin city centre. The area benefits from easy access to the M1 motorway, which is the main Dublin to Belfast road. Balbriggan is efficiently serviced by public transport, with the bus and rail network active in the area. The property is located on the western side of Drogheda Street in the centre of Balbriggan. The surrounding area is primarily retail in nature with a number of business located in the immediate vicinity such as Permanent TSB, Smiles Dental, Supervalu and Spar. This location benefits from a high level of vehicular traffic with ample on-street parking available.

Full Description

The property comprises a prominent two storey mid-terraced building constructed circa 1997. The property is currently in use as a pharmacy on ground floor with ancillary storage, office, and staff facilities at first floor.

The property is of modern construction and provides for an open plan retail space at ground floor level extending to approx. 1,207 sqft. The first floor extends approx. 1,183 sqft and benefits from its own independent street access and an internal elevator from within the ground floor retail unit. The first floor originally had planning as a standalone apartment.

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    Description  Sqm Sqft
    Ground Floor 112 1,207
    First Floor 110 1,183
    Total 222 2,390

    Potential purchasers are specifically advised to verify the floor areas as part of their due diligence

Lease Details

The property is leased in its entirety to Lenny's (Medical Hall) Limited t/a O'Regan Pharmacy at a passing rent of €35,000 per annum. The lease expires on 22nd February 2023 (6.3 years) with no break options.

BER Details

BER: C2
BER No. 800515777
Energy Performance Indicator: 745.29 kWh/m2/yr 1.32 kWh/m2/yr

Contact Details

Address: St Stephen's Green House, Earlsfort Terrace, Dublin 2
Telephone: +353-1-638 2700 or you can also email us at dublin@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.