40 Sallynoggin Road, Sallynoggin, Co. Dublin A96 TN82 - Commercial

Investment For Sale – Tenant Not Affected


Location:
The subject property is prominently positioned on the north western side of Sallynoggin Road Lower between its junction with Honey Park to the north east and its junction with Pearse Street to the south west.. Sallynoggin is approximately 2 kilometres south of Dun Laoghaire and approximately 12.5 kilometres southeast of St Stephen's Green in Dublin city centre . The surrounding area is predominantly residential in nature with a mixture of private residential dwellings and apartments and Sallynoggin Village services much of Sallynoggin and Glenageary.

Description:
No. 40 briefly comprises a two storey building with a two storey extension to the rear of the property. The ground floor consists of a retail unit with ancillary office and storage spaces and the first floor (accessed separately) consists of two 1 bed apartments, one 2 bed apartment and an office/storage space, which is in use by the ground floor retail tenant. There is access from the first floor to an external roof terrace located at the north-eastern elevation of the property.

The internal layout of the office suite is primarily open plan in nature and is accessed off a small lobby. The accommodation also includes a tea station, glazed boardroom and private WC.

Accommodation:
The following is a brief schedule of the accommodation with the ground floor retail and associated accommodation measured on a Net Internal Area basis and the first floor residential accommodation measured on a Gross Internal Area basis in accordance with the Code of Measuring Practice published by the RICS.

Ground Floor Retail Area (N.I.A.) - 133.51 sqm
Ground Floor Ancillary Office and Storage Areas - 35.72 sqm
First Floor Office/Storage space - 3.22 sqm
Apartment 1 - 29.08 sqm
Apartment 2 - 26.03 sqm
Apartment 3 - 55.42 sqm
TOTAL Combined NIA and GIA - 317.98 sqm Approx.
TOTAL GIA - 346.68 sqm Approx.

TENANCIES & RENTAL INCOME:
The Ground floor retail shop property is currently held under a 20 year lease from the 1st of March 2015, subject to a revised annual rent of €41,500 per annum from the 1st of July 2021.

Apartment 1 – Annual rent of €11,400
Apartment 2 – Annual rent of €11,040
Apartment 3 – Annual rent of €16,872
Billboard – Annual Licence Fee €3,500

Total Rental Income: €84,312 per annum

BER RATINGS:
E2, G, C2 & B3

ASKING PRICE:
€1,150,000
To make an offer please click on the OFFR button on this page

All figures above are exclusive of VAT, Insurance and local authority rates.

Contact:
Ross O'Gorman / Bryan Walsh
Landline: +35316392945
Email: info@acres.ie

These particulars are issued by ACRES.ie, registered in Ireland, no. 603464. PSRA Licence No. 003787 on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, ACRES.ie, for themselves and for the vendor/lessor whose agents they are, give notice that: (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness (iii) Neither ACRES.ie, nor any of their employees have any authority to make any or give any representation or warranty in relation to the property.