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35 & 35A Johnstown Road, Cabinteely

Dublin 18

Sale Agreed Guide Price €1,250,000
Property Highlights
  • Multi Let Investment Opportunity
  • Extending to approximately 443 sq.m. (4,772 sq.ft.)
  • Excellent main street location
  • Fully occupied with a passing rent of €89,320 per annum
  • Guide Price €1,250,000
  • Net Initial Yield of 6.49% (after standard purchaser costs of 9.96%)
  • Attractive capital value of €345 per sq.ft.
  • Tenants not affected.
Property Location

The property is ideally situated on Johnstown Road in Cabinteely, near the Pottery Road junction, conveniently positioned between the N11 and Rochestown Avenue. The surrounding area is predominantly residential and highly populated, with this retail parade catering to numerous local housing estates in an affluent suburban setting.

Property Description

The property is part of the Johnstown Retail Parade and consists of two ground-floor retail units, with two office suites located overhead, each featuring independent access.

The retail space is finished to a high standard, and the tenant has also leased the neighbouring Unit 34, where an ancillary off-licence operation is conducted.

The office suites are also finished to a high standard, offering a combination of open-plan and private spaces. Features include plastered and painted walls and ceilings, fluorescent strip lighting, air conditioning units, perimeter trunking, a communications room, a tea station, and WC facilities.

Neighbouring businesses within the retail parade include Reputations Hair Design, Total Health Pharmacy, BJK Accountants, and Adrian’s Dry Cleaners.

Lease Terms

See tenancy schedule in brochure attached. 

Property Status
Sale Agreed
Property Location
Documents
QRE Contact
Jonathan Donnelly
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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