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Unit 1 & 2, The Diamond, Malahide, Co.Dublin

Investment Property (2,433 sqft) Sale Agreed
of

Sale Agreed

Features

  • Prominent investment property located in the centre of Malahide village
  • Property comprises two storey over basement mixed use building
  • Let to Ulster bank at ground floor and SALE e PEPE Restaurant at first floor and part basement
  • 4.5 year weighted average unexpired lease term
  • Extends to 226 sqm (2,433 sqft) on a Gross Internal basis
  • Total combined contracted rent of €73,000 per annum
  • Opportunity to increase rental income on leasing vacant basement accommodation

Location

The property is situated in the centre of Malahide village, locally known as the Diamond.
Malahide is located between Donabate and Donaghmeade. It is approximately 17km from Dublin city centre. Malahide is well serviced by DART train and commuter bus services.
The Diamond is a charming parade of shops and restaurants in an affluent North Dublin Suburb. Notable occupiersin the area include Gibneys, Centra, Boots, Silks restaurant, Bonappetite and Gilbert & Wrights.

Full Description

The property is a corner mid terrace two storey over basement building occupied by Ulster Bank at ground floor and SALE e PEPE restaurant at first floor and part basement. The building is of traditional construction with rendered sooth finish and a pitched slate roof.

 

Joint Agent: Redmond Property Consultants
Michael Greene 01 840 1944 michael@srg.ie
54/56 Main Street, Swords, Co. Dublin
Phone No: 01 840 1944

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    Description

    Sqm(GIA)

    Sqft (GIA)

    Ground Floor Unit 1 & 2

    56

    603

    Basement

    56

    603

    First floor including part basement

    114

    1,227

    Total

    226

    2,433

Lease Details

They property is let on three separate leases. Ulster Bank is let under two separate leases; Unit 1 is leased under a 35 year lease from 1st December 1986 and Unit 2 is let under a 35 year lease from 1st December 1985. The combined rent is €51,000 p.a. SALE e PEPE is let on a 35 year lease from 4th October 1986. The contracted rent is €22,000 p.a. The 4.5 years weighted average is a combined amount for both tenants.

BER Details

BER: D1-G

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.