Unit 4 Zeitgeist Centre, Sunnybank, Upper Dargle Road, Bray, Co. Wicklow

Asking Price: €350,000

Property Location

The subject property is situated to the rear of the Ravenhall development close to the junction of Upper Dargle Road and Dublin Road, located within a short walk of Bray Main Street. Bray is a densely populated coastal town with a population of c. 32,600 people (as per the Census 2016) and is situated within close proximity of Dublin City Centre, approximately 20km to the south. The subject property comprises of a double front unit situated within an end of the terrace position. Surrounding occupiers include Piper Systems, Amazing Cakes, Amphibian King, Everest Music Store, Lidl and Supervalu and a number of residential developments. Bray is well connected via public transport with the Bray DART station approximately 1km to the south and 145 Dublin bus route close also within the vicinity. The property is conveniently accessible to the N11/M11 and M50 Motorway.

Property Description

The property comprises an end of terrace commercial investment. The unit is arranged over ground and first floors and extends to approximately 308 sq. m (3,310 sq. ft) in total. The property has been well maintain and internally is arranged to provide for an office, meeting room, storage room, laboratory and WC at ground floor level. The first floor comprises of an open plan office, training room, kitchenette, storage room and WC. The property benefits from surface car parking.

Property Specification

• End of Terrace Commercial Investment. • Extending to approximately 308 sq. m (3,310 sq. ft) in total. • Let to Advanced Surgical Concepts Limited. • Subject to a 25 year FRI lease from 5th August 1998. • Current Passing Rent of €40,000 per annum. • NIY 10.5%.

Lease Terms

The property is subject to a 25 year FRI lease in favour of Advanced Surgical Concept Limited from 05.08.98 at an annual rent of €40,000 per annum, subject to 5 yearly upward only rent reviews to market value, the next rent review date is 5th August 2019.

Property Size/Area

Approximately 308 sq. m (3,310 sq. ft)

Service Charge

€500 per annum (Car park maintenance)

Rates

Approximately €6,403 per annum

BER Rating

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BER Number

800500399

Energy Performance Indicator

349.73 kWh/m²/yr 0.98

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