THE WATERFRONT, LOWER DRUMCONDRA ROAD, Drumcondra, Dublin 9Sale Agreed G

Investment Property 420 m² / 4521 ft² Sale Agreed

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Description

MOVEHOME ESTATE AGENTS ... are delighted to offer a unique investment opportunity to purchase a FULLY LET ground floor retail unit within a vibrant and densely populated city location. This flagship store in this high profile corner site has the benefit of over 30,000 vehicles passing by every day and is located minutes from Croke Park Stadium. The ground floor unit extends to a total net internal floor area of 420 sq. m. (4,521 sq. ft.) and is currently Let to a flagship UK store WED2B who has a current 10yr Lease agreement, with no break clause and with a rent increase due early next year. This wonderful opportunity has the added benefit of extensive glazing and terraces on a private boardwalk overlooking the Tolka River. The Waterfront is a prominent landmark building in a prime location in the heart of Drumcondra. The unit occupies the ground floor enjoying extensive frontage directly onto Drumcondra Road.

This prominent unit is located within walking distance of the City Centre and convenient to the numerous shops, cafes, bars and restaurants Drumcondra Village & Fairview Village have to offer. St Patricks College, Croke Park and ABC Drumcondra are within easy walking distance and there are a variety of good sports clubs, national and secondary schools locally. The Four Courts, King's Inns, and the Mater Hospital are all easily accessible. Commuting further afield is made very easy with the M50 Motorway, The M1 and Dublin Airport within a few minutes' drive. The area is very well serviced by public transport, through numerous bus routes which pass close by and Drumcondra Rail station. The 3 arena, Connolly train Station and Luas Red Line are all just a few minutes' walk away.

Early viewing is essential to appreciate all this wonderful investment has to offer and can be arranged with MOVEHOME ESTATE AGENTS ... on 01-8844690

Features

* Excellent Investment Opportunity
* Revesionary lease with significant rental growth potential.
* Offers in excess of €975,000
* Secure rental income to April guaranteed until 2028
* Lease with no breaks to a very strong UK covenant.
* Current tenant Wed2be are leaders in their field, (and also expanding into the European market )
* There are also 3/4 additional car spaces that can add another rental yield per annum.
* Over 6.5% rental yield currently - €65,000 per annum
* Flagship Store
* Further residential development pending in nearby adjacent religious lands
* Original Lease Agreed by MoveHome Estate Agents, so all necessary information available on request.

BER Details

BER: G

Accommodation

BER Information
• Rating: BER G
• Number: 800390361
• Energy Performance Indicator: 5648.81 kWh/m²/yr

Viewing Details

Early viewing is essential to appreciate all this wonderful investment has to offer and can be arranged with MOVEHOME ESTATE AGENTS ... on 01-8844690