Garadice House, 3-4 Fairview, Dublin 3

Asking Price: €1,250,000

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, Gaffney and Sons, 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 facilities include numerous Dublin Bus routes and Clontarf Road Train Station, which is situated approximately 1km to the east. Connolly Train Station is located just 1.5km to the south.

Property Description

The property is arranged to over ground and first floors to provide a mid-terrace office building. The property was formerly a bank branch and is currently laid out as a mix of open plan and cellular office accommodation. The building benefits from off street parking to the front and approximately 5 parking spaces to the rear. The rear of the building is accessed via Fairview Avenue Lower.

Property Specification

• Substantial office investment • Extending to approximately 402 sq. m (4,327 sq. ft) • Main Street location benefiting from a high level of footfall • Subject to a 20-year FRI lease from September 2017 • Tenant has occupied building since 2011 •Current rent €90,000 per annum • Guide price €1,250,000

Lease Terms

The property is subject to a 20-year FRI lease from September 2017 at a current rent of €90,000 per annum (exclusive of rates). The lease allows for a tenant break option in year 10. Rent reviews are 5 yearly and are subject to a cap and collar of €10,000. The existing tenant, Mc Hugh Kinsella and Associates, Chartered Accountants, have occupied the building since 2001. They are an established firm of Chartered Accountants and have been in business since 1973.

Property Size/Area

Approximately 402 sq. m (4,327 sq. ft)

Rates

Approx. €11,687 for 2017

Title

Freehold

VAT

Please refer to the agent

BER Rating

BER Number

800594293

Energy Performance Indicator

919.57 kWh/m²/yr