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Richmond House, Richmond Road, Fairview, Dublin 3, D03 K6V0

Investment Property (815.81 sqm) Sold
of

Sold

Features

  • High profile mixed use investment opportunity
  • The property extends to approximately 816sq.m including retail showroom, warehouse, office and storage accommodation
  • Current rent of €66,000 per annum with immediate scope to increase this by leasing largely vacant first floor space.
  • The property sits on a site area of roughly 0.22 acres zoned Z10 - Mixed Use Development and offers long term redevelopment potential (subject to planning permission)

Location

The subject property is located on the south side of Richmond Road, Dublin 3 and is located approximately 2.9km north of east of Dublin city centre. Richmond Road comprises a busy
orbital road way which connects Drumcondra with Ballybough and Fairview. The immediate area accommodates for a mixture of commercial retail uses and residential uses. The area is well serviced by public transport with both Dublin Bus and DART services located within 1.5km of Richmond House.

 

Full Description

Richmond House, comprises a two storey detached mixed use building, which incorporates retail showroom and warehouse accommodation at ground floor level and office space at first
floor. The ground floor extends roughly 408 sqm (4,396 sqft) in total and benefits from a large aluminium framed, double glazed shop front and a side delivery entrance with a roller shutter door.

The first floor accommodation is currently laid out as a number of cellular office units accessed via a central corridor. The layout currently features a common reception area, meeting room,
canteen and w.c. accommodation. At present, three of the 9 rooms are occupied by Donnelly Troy Structural Engineers on an informal basis.
Customer car parking facilities are located to the front of the property and in total provide for approximately 12 car parking spaces.

The total site area is approximately 0.22 acres which lends itself to future re-development (subject to planning). The property previously obtained planning for a mixed use development (DCC
Ref: 5207/06) which has now lapsed.

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    The approximate floor areas are as follows:

    Description

    Sq.M Sq.Ft
    Ground Floor Retail (NIA) 202.88 2,184
    Ground Floor Warehouse (GIA) 205.55 2,215
    First Floor (GIA) 407.18 4,383
    Total 815.81 8,782

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

    TENANCY

    The combined rental income from the property is €66,000 per annum.

    The ground floor is let in its entirety to Egan Electrical Equipment (Ireland) Limited t/a Medlock for a term of 21 years from January 1998. The lease expires in January 2019 and has an unexpired lease term of 1.74 years. The current rent is €60,000 per annum.

    Donnelly Troy Structural Engineers occupy three rooms at first floor level on an informal basis. We are advised that the passing rent is €6,000 per annum.

    TENURE

    It is our understanding the property is Freehold

    PRICE

    Offers are sought in the region of €900,000

    FURTHER INFORMATION / VIEWINGS

    Viewings are strictly by prior appointment with the sole selling agents Lisney.

    For further information, please contact Christopher Belton or Maria Duffy of Lisney's Investment Department on +353 (0)1 638 2700.

     

     

     

BER Details

BER: F
BER No. 800554966
Energy Performance Indicator: 904.95 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.

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