No 7 Fairview Strand , Fairview , Dublin 3

Asking Price: €255,000

Property Location

Fairview is a coastal Dublin suburb located on the north side of Dublin City Centre, approximately 2.5km north east of Dublin City Centre. The subject property is situated on the northern side of Fairview Strand, adjacent to the junction with Annesley Bridge Road. Surrounding occupiers include Eurospar, Computer Doctor, Paddy Power and Kennedys Food Store. Further amenities in the area include Marino College, St Vincent’s Hospital, East Point Business Park and Westwood Gym. Transport- Transport facilities include numerous Dublin Bus routes and Clontarf Road Train Station, which is situated approximately 1km to the east.

Property Description

The property is arranged to provide a mid-terrace, two storey office building. Overall the property extends to approximately 126 Sq. m (1,364 Sq. ft) NIA. The property benefits from a small yard to the rear.

Property Specification

Investment considerations • Mid-terrace office investment • Extending to approximately 126 Sq. m (1,364 Sq. ft) • Attractive location along Fairview Strand • Subject to a 10 year lease from 01.01.17 • Passing rent of €24,000 per annum, rising to €30,000 in year 5 • Guide Price €255,000 • NIY 9%

Lease Terms

The property is subject to a 10 year FRI lease in favour of Taxability Accountants Limited from 1st January 2017. The rent payable is €24,000 in years 1 and 2; €26,000 in years 3 and 4; and €30,000 in year 5. Rent is exclusive of VAT and rates and is payable quarterly in advance. The lease contains a break clause and a rent review in year 5.

Property Size/Area

Extending to approximately 126 Sq. m (1,364 Sq. ft)

Rates

€3,668.76 for 2017

Title

Freehold

BER Rating

BER Number

800526394

Energy Performance Indicator

700.05 kWh/m²/yr 2.58