Imagine owning a prime retail space in the heart of Foxrock, Dublin 18, a location brimming with potential and opportunity. This retail investment is not only a chance to own commercial real estate but is also poised for further development potential, subject to planning permission (S.P.P). With a strong rental income and three tenants already in situ, this is an investment opportunity you don’t want to miss.
Casey Kennedy Estate Agents are thrilled to present this superb commercial investment opportunity. Situated at 2 Brighton Road, this well-maintained commercial building features a mix of office and healthcare tenants across its ground and first floors, as well as a rear unit. The premises are fully occupied, ensuring a stable rental income of €72,000 per annum. The guide price for this investment is €1,250,000.
Tenancy Schedule
The property boasts a robust tenancy schedule:
- Ground Floor: Hunter Estates – Lease Start: 09/01/2023 | Term: 5 years | Passing Rent: €38,000 p.a.
- First Floor: Branch Healthcare Ltd T/A Chiropractix – Lease Start: 13/01/2023 | Term: 10 years | Passing Rent: €24,000 p.a.
- Rear Unit: Jane Giffney – Lease Start: 01/05/2022 | Term: 2 years 9 months | Passing Rent: €10,000 p.a.
The total annual rental income is an impressive €72,000, making this an ideal investment for those seeking a secure income stream with strong covenants and upside potential.
Investment Highlights
This property offers several key investment highlights:
- Fully let with a stable rental income.
- Located in a strong commercial area with excellent transport connectivity and local demand.
- Potential for development in the rear of the building (S.P.P).
- Strong asset management and reversionary potential.
Investors will appreciate the secure income stream and the potential for future development, making this an attractive prospect for those looking to expand their portfolio.
Location and Lifestyle
Foxrock is a highly sought-after area known for its excellent transport links and vibrant community. Its proximity to Dublin city centre makes it an ideal location for businesses, ensuring a steady demand for commercial spaces. The area is a hub of activity, with a mix of local amenities, making it a desirable spot for both tenants and investors alike.
Seller Details
This property is listed by Casey Kennedy Estate Agents. For further information or to arrange a viewing, interested parties can 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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