Upper Abbey Street / Millennium Walk, Dublin 2, Dublin

€4,950,000

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

 Property Description

Investment Property For Sale - 6,846 sq. feet (636 sq. metres)

The only FREEHOLD RETAIL INVESTMENT FOR SALE in Dublin City Centre with SPAR's flagship store. as its tenant. You will not find a better presented convenience shop in Dublin. Nothing has been spared by Spar in the recent refurbishment.. 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 the tenants parent company BWG Foods 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 just off O'Connell Street. Net Initial yield of 7 .3%% after standard acquisition costs Lease Details The total floor space is let to Triode Newhill Ltd (a wholly owned subsidiary 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 - €4,950,000 - 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 Estates

Sales Dept

28 Lower Leeson Street, Dublin, 2


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