11 Coolmine Industrial Estate
Dublin 15
Sold
€900,000
Property Highlights
- A High Yielding Retail Warehouse Investment
- Extending to Approximately 482 sq.m [5,188 sq. ft]
- Let to Warsaw Retail Ltd T/A Polo Stores
- Lease Expiry 2029 [no breaks]
- Current Rent Passing €85,000 p.a.
- Guide Price €900,000
- For Sale via Digital Auction 28.09.22
Property Location
The property is situated off Porters Road to the Blanchardstown Road side of Coolmine Industrial Estate. The property is well-located for all major transport hubs, with easy access to the M50, Dublin Port Tunnel and Dublin Airport.
The immediate surrounds of the property provide a hive of activity, with a significant populace residing in close proximity to the estate.
Property Description
The property comprises a ground floor only, end-of-terrace retail warehouse extending to approximately 482 sq. m (5,188 sq. ft). The entire is of concrete frame construction with shared car spaces to the front and side of the property.
The property is currently in use as a European Supermarket. Internally, the property provides a customer sales area and storage.
N.B.: Prospective purchasers should satisfy themselves with the accuracy of all distances and measurements quoted.
Lease Terms
The entire property is let to Warsaw Retail Ltd T/A Polo Stores, under a 25-year term from 1st March 2004, at a current rent of €85,000 p.a. exclusive of VAT, rates and service charge. The lease provides for repairing and insuring terms together with upwards only rent reviews every 5 years.
The lease provides tenant break options in years 3, 6, 9 & 12, all of which have expired.
Warsaw Retail Ltd. have a Vision Net rating of 100/100 and are considered low trade risk.
Property Size/Area
Approx. 5,188 sq. ftProperty Status
SoldBER Details
Ber Number - 800834871
Ber Energy Performance Indicator - 344.87 kWh/m²/yr 0.82
Property Location
QRE Contact
Bryan Garry
MRICS MSCSI
Director Investment
Bryan has over 13 years of experience in the Irish commercial property market. As Director of the In... View More
+353 83 391 8649
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