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49 Sandycove Road

Investment Property (136.00 sqm) Sold
of

Sold

Features

  • Attractive mixed use investment in affluent south Dublin suburb
  • Property comprises retail and restaurant accommodation with a substantial rear yard
  • Property extends to approx. 136 sqm (1,465 sqft)
  • Currently generating a rental income of €58,200 pa
  • Attractive net initial yield of 7.56%
  • Short term reversionary potential and future development potential (subject to planning permission)
  • Tenants not affected by sale

Location

Sandycove is and attractive coastal suburb between Dun Laoghaire and Dalkey approximately 13kms from Dublin city centre. The property is located on Sandycove Road between the junction with Burdett Avenue and Ballygihen Avenue, opposite the renowned Fitzgerald’s Public House and a short stroll from the seafront. It forms part of a parade of shops which has attracted a vibrant mix of tenants. The adjoining former Spar is due to be redeveloped. Glasthule village is situated approximately 270 m northwest of the property and also has a variety of well-known shops, boutiques and restaurants. The immediate area is well served by public transport. The Glasthule / Sandycove and Glenageary DART stations serve the immediate catchment. Dublin Bus operates a regular service from Sandycove towards Dublin city centre and the south suburbs.

Full Description

The property comprises a quaint two storey semi detached mixed use building with a substantial rear yard. The ground floor comprises of two retail units with plate glass display shop fronts. The first floor is laid out to provide a bistro style restaurant, wine bar and commercial kitchen. All tenancies have independent ground floor access. The entire building extends to approximately 136 sqm (1,465 sqft). The rear yard is currently occupied by a car dealership and has future development potential subject to planning permission.

Viewing Details

By Appointment

BER Details

BER: D2

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.

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