9-11 Lower Main Street, Arklow, Co. Wicklow

Asking Price: €1,000,000

Property Location

The subject property is located to the western side of Lower Main Street, close to the intersection with Laffin’s Lane. Surrounding occupiers include William Hill, The Brook House and Peter Jeffers amongst others. The town is situated approximately 70km south east of Dublin City Centre and is readily accessible via the M1 Motorway. A number of bus routes service the area.

Property Description

The property comprises a mixed use investment, arranged over ground and two upper floors. The property benefits from dual frontage onto both Lower Main Street and the Car Park to the rear. Internally, the property comprises 4 x ground floor retail units together with 8 x 2 bedroom apartments at first and second floor levels, two of which are duplexes. Internally the apartments comprise two bedrooms, 1 ensuite, kitchen/sitting room and bathroom. There are 5 x car parking spaces to the rear which are demised to the property. The retail units are fitted to a high specification. The total area of the apartments and retail units extends to approximately 1,185 sq. m (12,757 sq. ft) in total. The property also provides for approximately 176 sq. m (1,891 sq. ft) of private open space, 211 sq. m (2,273 sq. ft) of public open space and two bin stores extending to approximately 211 sq. ft in total.

Property Specification

• A substantial mixed use investment • Extending to approximately 1,185 sq. m (12,757sq. ft) in total • Comprising 4 x ground floor retail units and 8 x two bedroom apartments • Total passing rent of €102,200 per annum • Vacant possession of 1 x apartment and 1 x retail • Prominent position on the main street • Initial Yield 10.2%

Annual Rent

Unit 1 is let to DFine Hair and Beauty Salon, a new 4 year 9 month lease is currently being prepared. Sunbeam House Services which is a government backed organisation occupy Unit 3 and 4 on a new 10 year lease. Unit 2 is vacant and is fitted out to a high specification as a restaurant. The apartments are producing a rental income of €59,820 per annum, with vacant possession of one apartment. The total passing rent of the entire is €102,200 per annum.

Property Size/Area

Approximately 1,185 sq. m (12,757 sq. ft)

VAT

Please refer to the agent

BER Rating

BER Number

Available from QRE

Energy Performance Indicator

104.36 kWh/m²/yr - 663.5 kWh/m²/yr 0.96