125 East Wall Road, East Wall, Dublin 3

Asking Price: €600,000

Property Location

East Wall is located on the northern side of the Dublin Docklands. East Wall Road is one of the city’s main arterial routes, connecting Dublin Port and the expanding Docklands areas with the northern suburbs of Fairview and Clontarf. The subject property is located along East Wall Road, adjacent to the junction with East Road. The area has undergone significant development in recent years and further office and residential developments are currently under construction. Occupiers in the area include An Post, Docklands Innovation Park, Lidl and Aldi. The Gibson Hotel and the 3 Arena are located approximately 850m to the south.

Property Description

The property comprises a semi detached building arranged over ground and two upper floors. Internally the building provides a ground floor retail unit in use as a Bookmakers, together with 2 x two bedroom apartments located on the first and second floors. The apartments are presented in good condition and benefit from separate access from the retail unit.

Property Specification

• Mixed Use Investment Opportunity • Comprising 2 x apartments and 1 x retail unit • Total floor area extending to approximately 197.50 sq. m (2,124 sq. ft) • Close proximity to the 3 Arena, The Gibson Hotel and Docklands Innovation Park • Subject to 3 x lease agreements • Total rent €47,000 per annum • Tenants not affected • Net Initial Yield 7.2%

Lease Terms

The ground floor retail unit is subject to a 10 year FRI lease in favour of Sean Graham (Ireland) Limited from October 2016 at a rent of €20,000 per annum. The lease is subject to 5 yearly open market rent reviews and a tenant break option in year 5. The unit is currently being fitted out for occupation in Q4 2016.

Property Size/Area

Total floor area extending to approximately 197.50 sq. m (2,124 sq. ft).

Title

Freehold

BER Rating

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BER Number

Available upon request

Energy Performance Indicator

409.91 kWh/m²/yr - 844.42 kWh/m²/yr 1.13

Particulars

Perspective purchasers are advised to satisfy themselves with regard to the measurements provided.

Unit Floor Accommodation Sq. m Sq. ft Rent P.A
Retail Unit Ground Open plan customer area, clerks desk, toilet, kitchen 77.5 834 20,000
Apartment 1 First Entrance hall, kitchen/ living/ dining room, bathroom, two bedrooms 60 645 12,600
Apartment 2 Second Entrance hall, kitchen/ living/ dining room, bathroom, two bedrooms 60 645 14,400
- - Total 197.5 2,124 47,000

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