In the heart of Stillorgan, a suburb that exudes affluence and convenience, lies an enticing opportunity for investors and business owners alike: an office space with immense potential. This blog post unveils the incredible advantages of acquiring this property, providing you with all the necessary information to make an informed decision. Discover why this office space in Stillorgan is a prime investment.
This substantial, extended, and refurbished two-storey terraced commercial premises is currently let to two excellent tenants. With a total floor area extending to approximately 146 m² (1,571 sq. ft.), it provides ample space for varied business operations. Moreover, the property includes a rear yard of about 58 m² (625 sq. ft.) with its own access, offering the possibility for further development, subject to planning permission (S.P.P.).
Location and Connectivity
Situated in the affluent suburb of Stillorgan, Co. Dublin, this property stands across from the well-known Stillorgan Shopping Centre. This prime location is not only convenient but also holds significant commercial value. The area is witnessing a surge in new residential developments, enhancing its appeal further.
Stillorgan Shopping Centre, one of Ireland’s oldest, offers a diverse array of retail stores, supermarkets, and dining options. The vicinity also abounds with smaller local shops, pubs, and restaurants, providing a vibrant community atmosphere.
The suburb boasts excellent transport connections, being served by multiple bus routes that connect it directly to Dublin city centre. Additionally, the nearby Stillorgan Luas station on the Green Line ensures a quick commute to central Dublin and extends southward towards Sandyford and Cherrywood. The proximity to the N11 and M50 roads further facilitates easy access for drivers to other parts of Dublin and beyond.
Tenancies and Rental Income
The property is currently let to two tenants who enjoy statutory rights. The first lease is with Queen Hair Stillorgan Limited, effective from 1st December 2023 for a period of 4 years and nine months, starting at an initial annual rent of €30,000. This rent will increase to €36,000 per annum from 1st May 2025.
The second lease is with Laurence Coogan and Anne Coogan, commencing from 1st March 2023 for a duration of 6 years at an annual rent of €11,000. This dual tenancy setup not only provides a steady income stream but also reflects the property’s desirability and strategic location.
Investment Potential
This property is marketed as an investment opportunity with development potential, subject to planning permission. The availability of a rear yard with separate access presents a unique chance to expand or diversify the current setup, perhaps adding more office space or converting it for other uses.
Given the area’s ongoing development, any enhancements to the property are likely to yield significant returns, both in terms of rental income and asset value appreciation.
Contact and Viewing
For those interested in this potential-filled office space, the property is listed with Casey Kennedy Estate Agents. To inquire further or arrange a viewing, contact them at [email protected] or call +353 0 0 12883688.
For more details, click here to view the full ad on FindQo.
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