Unit 4 Sandyford Office Park, Sandyford , Dublin 18

Asking Price: €410,000

Property Location

Sandyford is a south Dublin suburb with a high concentration of office, residential and industrial development. The subject property is located within the Sandyford Office Park, which is accessed off Blackthorn Avenue. Other occupiers in the estate include Sheeran Insurance Limited, CWSI, Reads, Morrison Estates and Bailey Financial Services. The property is located within close proximity to Leopardstown Racecourse, The Clayton Hotel, The Beacon Hospital and the Beacon South Quarter. Transport facilities in the area include the Sandyford Luas Stop which is located directly across the road, the M50 motorway, the N11 and numerous Dublin Bus routes.

Property Description

The property comprises a mid-terrace retail building. Internally the property is arranged to provide ground floor retail/office accommodation with the reception and treatment rooms located on the first and second floors. The property extends to approximately 180 Sq. m (1,940 Sq. ft) in total. The property benefits from 6 designated car parking spaces

Property Specification

Investment considerations: • A mid-terrace retail building • Extending to approximately 180 Sq. m (1,940 Sq. ft) • Arranged over ground and two upper floors • Attractive location opposite the Sandyford Luas • Let to Brazilia Salon Limited for a term of 10 years from 01.09.16 • Passing rent €35,000 p.a. • NIY 8.2%

Annual Rent

The property is subject to an IRI lease in favour of Brazilia Salon Ltd. for a term of 10 years from 1st September 2016, at a passing rent of €35,000 per annum. The lease allows for an open market rent review in year 5 and a tenant break option. The tenant also has the option to sub-lease the ground floor to a named individual.

Property Size/Area

The property extends to approximately 180 Sq. m (1,940 Sq. ft) in total.

Service Charge

€1,907.72 per annum

Rates

€2,407 for 2017

VAT

Please refer to the agent

BER Rating

BER Number

800561862

Energy Performance Indicator

639.64 kWh/m²/yr 1.67