191 Howth Road, Killester, Dublin 5, D03A3V7POA D1

Investment Property 3175 ft² / 294.97 m² For Sale

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Description

This is an excellent opportunity to acquire a commercial investment property situated on this busy parade of shops and business premises. The property forms part of a vibrant parade of retail & offices units, neighbouring Bank of Ireland & Insomnia coffee shop.
The premises has a large volume of pedestrian and vehicular traffic.
The property occupies a prominent position in Killester situated on the southern side of the Howth Road and close to the junction with Collins Avenue East.
This Retail unit forms part of a parade of other retail units with the surrounding area predominantly residential. This is a busy and accessible location.
Easy access of M50, Dublin Airport and City Centre!!!
Ground floor shop c 200m2 let to Expert Hardware
1st Floor - 4 rooms , w.c, kitchen.
Excellent investment potential
Great busy central location

The property is held under a lease for 233 years from December 1937. It comprises of a two storey semi-detached commercial unit let out in mixed uses at a passing rent of €62,500 reduced to €50,000 which was reduced again to €38,000 per annum.
The ground floor is currently sub - let to Expert Hardware at a passing rent of €42,000 per annum (short term lease expires January 2025).
The upstairs is currently let out as a doctor's surgery and property management offices. The doctors' surgery occupies 2 rooms with shared facilities and is sub-let paying €14,000 per annum.
2 management company office rooms and are not paying rent as they held by the head tenant who has a 35 year lease from 1993 - 2028.
The main building is approximately 295 sq.m overall.
We estimate the open market Rental Value circa €70,000 - €75,000 per annum.
Viewing by appointment only!!


Ground Floor Shop Circa 200 sq.m

1st Floor

Room 1 4.76m x 4.05m

Room 2 2.95m x 2.24m

Room 3 4.76m x 4.79m Let to Doctor

Room 4 3.46m x 4.80m Let to Doctor


Negotiator: Paul Lappin MIPAV MCEI Office: 01 8825730
Viewing: Viewing by appointment with Property Team Lappin Estates

CALL 01 8825730 TO HAVE YOUR HOME VALUED FOR FREE

BER Details

BER: D1