Sandymount Green, Sandymount, Dublin

Sale Agreed

 Property Description

Retail Unit For Sale - 5,177 sq. feet (481 sq. metres)
Fantastic Investment Offering. Guaranteed rental income by one of Ireland`s largest companies COLDWELL BANKER COMMERCIAL brings to the market this excellent Investment Opportunity. Investment Highlights: Rental Income - €232,500 per annum Initial Gross Yield - 7.75% Spar rents Guaranteed by BWG Foods PROPERTY DESCRIPTION: The property comprises the entire corner building with Spar on most of the ground floor. The other lessee is Indie Spice. This restaurant features a reception area and toilets at ground floor and the seating area on the First Floor with a first class modern fit-out. LOCATION: The property is located in the heart of Sandymount Village across the road from Sandymount Green. Sandymount is one of the most idyllic villages in South Dublin. Tesco, AIB and a number of boutique retailers, eateries and local pubs surround the green. The Aviva Stadium and East Link Toll Bridge are located with close proximity. ACCOMMODATION: 23 & 24 Sandymount Green Property Type: Retail/Restaurant Ground Floor Spar: Approx. 231 Sq.m Ground Floor Indie Spice: Approx. 40 Sq.m First Floor Indie Spice: Approx. 210 Sq.m Total: Approx. 481 Sq.m LEASE DETAILS: Ground Floor 23 & 24 Sandymount Green. Tenancy: Lease 1 (No 23) Let to Triode Newhill LHP LimitedT/A SPAR (A Wholly Owned Subsidiary of the BWG Group) Term: 25 year lease from October 2006, Next Review 2016, Lease expires 2031 Passing Income: €75,000 per annum and guaranteed by BWG Foods Tenancy: Lease 2 (No. 24) Let to Triode Newhill LHP Ltd T/A Spar (A Wholly Owned Subsidiary of the BWG Group) Term: 35 Year Lease from October 1988, Next Review 2018, Lease expires 2023 Passing Income: €90,000 and guaranteed by BWG Foods First Floor 23 & 24 Sandymount Green . Tenancy: Lease 3 Let to Indie Spice Restaurants Term: 25 year lease from 1st July 2010, 5 Yearly Reviews Passing Income: €55,000 per annum Mobile Phone Mast Licence to Vodafone Ireland Ltd. 10 years from November 2016 Passing Rent €12,500 per annim TOTAL INCOME: €232,000 Per Annum Lease Details Available on Request


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.




Coldwell Banker Estates

Gary Neilson

28 Lower Leeson Street, Dublin, 2

Contact this agent