For Sale -Freehold €2,250,000 - Investment
- Total Area: 911.45 Sq.m
The property occupies a prominent position on the Dundrum Road approximately 4 KM south of Dublin city Centre. Adjoining occupiers include Windsor Motors and Dundrum Business Park. Dundrum road connects Milltown and Dundrum and has easy access to the city centre and M50 motorway.
The property comprises a modern ,two storey detached retail warehouse incorporating 911.45 sq.m. of net lettable area. It is divided into four units with a parking forecourt for 35 cars. The property is situated on a regular shaped site of 0.25 ha (0.6 acres) The entire property is fully let to three tenants producing an income of €147,000 p.a. There is also income from a large advertising board of €45,00o p.a. Total income €192,000 p.a.
Unit 1 is let to Human Appeal on a 4 year 9 month lease from January 2010 subject to an abated rent of €20,000 p.a.
Unit 2/3 is let to Softech on a 25 year lease from 1September 1999 subject to a current rent of €77,000 p.a. including vat.
Unit 4 is let to American Golf on a 4 year 9 month lease from 8 June 2009 subject to a current rent of €50,000 p.a.
The Signboard is let on a licence at €45,000 p.a.
The total current income is €192,000 p.a.
All main services are available including three phase power . Heating is by means of blow air oil fired central heating.