Description
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Beds | |
Price | POA |
Property Type | Investment Property |
Size | 115 meters2 |
Energy Rating | BER- |
Refreshed on | Sep 30, 2024 |
Eircode | D05WY83 |
Group Name | Ryan Estate Agents |
Sales License Number | 003234 |
Description
Presenting Unit 5/6, Coolock Village Centre, Kilmore, Dublin 5 €" a fantastic investment opportunity offering a double retail unit spanning 115 sq. meters. Currently leased to St. Vincent de Paul, this property generates a strong passing rent of '¬28,000 per annum, with the tenant having traded successfully at this location for 14 years. The tenant covers rates, service charges, and reimburses the owner for building insurance, making this a hassle-free investment. With the current lease expired and the rent below market rates, a new purchaser has the advantage of renegotiating a new lease with potential for rental uplift. The unit is in excellent condition, offering an open-plan shop floor, two storerooms, an office, a kitchen, and bathroom facilities. Situated in the bustling Coolock Village Centre, the property benefits from ample visitor parking and proximity to thriving local businesses. With a gross yield of 7%, this is an excellent investment for hands-off investors looking to secure strong returns in a prime Dublin location.
Date created: Sep 30, 2024