296 Kimmage Road Lower, Kimmage, Dublin 6W

Property Highlights

Floor area approximately 2,539 sq.ft. [236 sq.m.]
Ground floor let to Dental Care Ireland Management Limited from the 1st November 2021 on a 20-year lease
First floor residential unit let on a fixed term lease
Combined passing rent of €60,416 per annum
Guide Price €800,000
NIY approximately 7% [After purchasers' costs of approximately 7.5%]
Car park to the front which can accommodate up to 7 cars
Tenants not affected.

Property Location

The subject property is located on the southeast side of Kimmage Road Lower, less than 500m from Kimmage Village, and 450m from Terenure Village.

The property is approximately 3km from Dublin City Centre and is just 3.5km from Junction 11 of the M50 Motorway providing excellent access both in and out of the City.

The property is situated within a sizeable residential area. Kimmage, Harold's Cross and Terenure boast a population of over 20,000 people.

There is a supermarket (Tesco), convenience store and pharmacy all within 100m of the property.

Property Description

The subject property comprises a dental surgery at ground floor level, with a two-bed apartment at first floor level.

The property has been in dental use since c. 1960. Prior to that the property was in residential use. The surgery was extended and upgraded in c. 2009 to provide additional modern dental accommodation and staff ancillary space.

Accommodation includes a waiting area, reception area, 4 dentist/hygienists clinics, access enabled W/C, a staff canteen, x-ray room, and ancillary admin rooms.

The ground floor has been fitted out to a very high standard, complete with 7 off-street car parking spaces to the front for patient use, and extends to a total gross internal floor area of approximately 180 sq.m. (1,937 sq.ft.).

The 1st floor, two bed apartment benefits from own door access at ground floor level from the car park.

The apartment comprises a hallway, storage room, bathroom, a box bedroom, a master bedroom, and a large kitchen / living area.

The apartment extends to approximately 56 sq.m. (603 sq.ft.).

Lease Terms

The ground floor is let to Dental Care Ireland Management Limited on an IRI lease from the 1st November 2021 for a period of 20 years.

The passing rent is €42,500 per annum. There is a tenant only break option at the end of year 10 subject to six months' notice in advance.

Dental Care Ireland Management Limited have a Vision Net rating of 71/100 and are considered fair trade risk.

The first floor is let on a fixed term lease of 12 months from the 14th April 2022. The passing rent is €17,916 per annum (€1,493 per month).

Viewings are via appointment with the sole agent QRE.

Property Size/Area

2,539

Property Status

Sold

BER Details

Property Location

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