11 Main Street, Rathfarnham
Dublin 14
For Sale
Guide Price €600,000
Property Highlights
- Two-storey mixed-use investment
- Extending to approximately 179 sq.m. (1,927 sq.ft.)
- Excellent main street location
- Fully occupied with a passing rent of €44,200 per annum
- Guide Price €600,000
- Net Initial Yield of 6.7% (after standard purchaser costs of 9.96%)
- Attractive capital value of €311 per sq.ft.
- Tenants not affected.
Property Location
The subject unit is located on the Main Street, in the heart of Rathfarnham Village, Dublin 14. Rathfarnham is a densely populated and affluent suburb of Dublin and together with the adjoining suburbs of Rathgar, Terenure and Templeogue has a combined population in excess of 77,000 people.
Rathfarnham is situated approximately 6.8km south of Dublin City and 4km northwest of Dundrum. The main street comprises of a thoroughfare of shops, restaurants, businesses and private dwellings. The subject property is situated on the western side of the Main Street.
Neighbouring occupiers include Centra, Oxfam, Rowan’s Deli and Casanovas Wood Fired Pizza. The area is well served by public transport with numerous Dublin Bus routes in the area. Junction 11 of the M50 is a 10 minute drive from the property.
Property Description
The subject property consists of a two-storey mixed-use building extending to approximately 179 sq.m. (1,927 sq.ft).
Externally the property comprises a mix of timber framed retail glazing at ground floor level, with a red brick façade to at first floor level incorporating double glazed windows. The pharmacy enjoys rear access to Dodder Dale via a short laneway. The upper floors are accessed independently from the ground floor retail.
Internally, the ground floor accommodates a trading pharmacy. On the first floor, there is an office at the rear, while the front area houses a bridal showroom. There is additional showroom accommodation at second/attic level.
Accommodation Schedule
| Accommodation | Sq.m | Sq.ft | Tenant | Lease | Rent (Per annum) |
| Ground Floor Retail Unit | 88.5 | 953 | Pure Pharmacy | 25 year IRI lease from the 10th February 2006 | €25,000 |
| 1st Floor - Office | 36.5 | 393 | Sean Walsh & Associates | Rolling Lease | €8,400 |
| 1st Floor - Bridal Shop | 34 | 366 | Dublin Bridal | Rolling Lease | €10,800 |
| 2nd Floor - Bridal Shop | 20 | 215 | Dublin Bridal | Rolling Lease | Included above |
| Total | 179 | 1,927 | €44,200 |
Property Size/Area
179 sq.m. (1,927 sq.ft.)Property Status
For SaleBER Details
Property Location
Documents
QRE Contacts
Jonathan Donnelly
BSc (Hons)
Surveyor
Jonathan joined QRE in 2021 and now works in QRE’s Investment and Agency department. Jonathan has ex... View More
+353 87 701 8812
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David O'Malley
MRICS MSCSI
Director Agency
David is Director of the QRE Agency and Investment Team. He is a fully qualified Chartered Surveyor ... View More
+353 86 857 9209
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