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51 Kilbarrack Road, Kilbarrack, Dublin 5

Investment Property (227.80 sqm) For Sale by Private Treaty
of

Price Offers in Excess of €650,000

Features

  • High profile mixed use investment situated on the Kilbarrack Road
  • Immediate net initial yield of 8.53
  • Total floor area of approximately 227.8 sq.m (2,453 sq.ft)
  • Generating a rental income of €61,000 per annum
  • Tenants not affected

Location

51 Kilbarrack Road is located within a parade of shops on the south side of Kilbarrack Road within close proximity to its junction with Kilbarrack Avenue to the west and St. Margaret’s Avenue to the east.

There is excellent transport infrastructure and public transport links within Kilbarrack. The DART is situated slightly east of the property. Dublin Bus operates a regular service from Kilbarrack towards Dublin city centre and north suburbs.

Full Description

The property comprises a mid-terrace two storey mixed-use building. The ground floor is laid out to provide for a refurbished self-contained retail unit. The retailing accommodation is predominantly open plan with storage and staff w/c facilities situated to the rear.

The first floor is accessed via separate entrance fronting onto Kilbarrack Road. The accommodation is currently in use as a hairdressers and beauty salon and is laid out in a mixture of open plan and self-contained treatment rooms.

The entire extends to approximately 2,453 sq.ft.

 

Tenancy

The ground floor is leased to McHugh Limited for a term of 35 years from 1st December 1987. The current passing rent is €48,000 per annum.

The first floor is leased for a term of 5 years from 27th March 2017 at a stepped rent of years 1 & 2: €12,000, years 3 & 4: €13,000, year 5: €14,000.

The total passing rent equates to €61,000 per annum.

 

Zoning

The property is zoned Zone Z3: Neighbourhood Centre under the Dublin City Development Plan 2016-2022.

 

Tenure

We understand the property is held freehold.

 

Services

We understand all main services are connected and supplied to the building.

 

Price

Offers are sought in excess of €650,000 exclusive.

 

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    The approximate floor areas are as follows:

    Floor

    Sq.m

    Sq.ft

    Ground

    163.0

    1,755

    First Floor

    64.8

    698

    TOTAL

    227.8

    2,453

     * All intending purchasers are specifically advised to verify all floor areas and undertake their own due diligence.

BER Details

BER: C2-D1

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.