Upper Abbey Street / Millennium Walk, Dublin 2, Dublin

€5,200,000

For Sale 636 sq.m. (6,846 sq.ft.)
636 sq.m. (6,846 sq.ft.)

 Property Description

The only FREEHOLD RETAIL INVESTMENT FOR SALE in Dublin City Centre Millenium Walkway / Upper Abbey Street Investment Property For Sale - 6,846 sq. feet (636 sq. metres) COLDWELL BANKER COMMERCIAL has For Sale this High Profile Ground Floor Freehold Retail Space with a passing rent of 392,575.00 . There are also 8 underground car spaces.The total rental income is GUARANTEED by BWG Foods Occupied by SPAR the retail unit is located on one of Dublin\'s busiest streets adjacent to the Jervis Street LUAS Stop and Jervis Street Shopping Centre.in Dublin City Centre in the vicinity of O\'Connell Street. This is a solid investment with an excellent initial return Gross Initial Yield over 7.5% Net Initial yield of 7 % after 6%stamp duty and standard acquisition costs Lease Details The total floor space is let to Triode Newhill Ltd (a wholly owned subsidary of BWG Foods) under 3 leases Lease 1 (Area outlined in Red) 8 years and 2 months from 01/12/2016 with a review in 2021. The passing rent is 267,575.00 Lease 2 (Area outlined in Blue) 20 years from 15/09/2005 with 5 yearly reviews. The rent is 50,000 per annum Lease 3 (Area outlined in Green) 20 year lease from January 2218 with 5 year reviews. Break option after 7 years .The passing rent is 75000 per annum - Asking Price - 5,200,000 - The details & particulars contained within this brochure, are for guidance only and do not form part of any contract or intent to contract. While every care has been taken in the preparation we do not hold ourselves responsible for any inaccuracies. They are issued on the understanding that all negotiations will be conducted through this firm. Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.We shall have no liability for any errors in the measurements and interested parties should conduct their own survey

  Accommodation

Coldwell Banker Leason Estates

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Westerton Lodge, Ballinteer Road, Dundrum Dublin14


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