Corner House, Old Bray Road, Cabinteely, Dublin 18

Property Highlights

Multi Let Investment Opportunity
Extending to approximately 198 sq. m. (2,135 sq. ft.)
Landmark property in excellent main street location
Fully occupied with a passing rent of €81,250 per annum
For Sale by Online Auction Reserve - €950,000
Net Initial Yield of 7.78% (after standard purchaser costs of 9.96%)
WAULT of 12.6 Years
Attractive capital value of €445 per sq.ft.
Tenants not affected.

Property Location

The property occupies a prime position on Johnstown Road in Cabinteely, one of South Dublin’s most established and sought-after suburban locations. The area is predominantly residential and continues to experience significant growth and development.

Directly opposite, 34 new homes are currently under construction, while a substantial scheme of approximately 342 residential units is planned at nearby Brennanstown, just north of Cabinteely Village. These large-scale developments highlight the ongoing expansion of the area and will further enhance local footfall and demand for commercial occupiers.

The subject property is ideally positioned in the centre of Cabinteely Village within 130m of the N11, 2.5km from the M50, 50m from Dublin bus routes only 2km from the Luas Gren Line.

Property Description

This landmark property comprises a two-storey mixed-use corner building benefiting from dual frontage onto Old Bray Road and Johnstown Road.

The accommodation includes a restaurant arranged over part ground and first floor, a ground floor barber shop, and a cosmetic clinic occupying part ground and first floor areas.

The property is in excellent internal condition with each unit finished to a high standard.

Neighbouring businesses include The Horse and Hound Pub, Lewis Motors, BLT Café, Post office, Dublin 18 Dental Rooms and Bread 41.

Lease Terms

Tenant	Lease Term	Lease Start	Rent Review	Rent per Annum
Sams Barber	10 years	01/02/2025	31/01/2030	€16,000
Tamra Thai Restaurant	25 years	07/12/2019	06/12/29	€45,000
Comedic	10 years	23/10/2017	22/10/2027	€20,250.00
-	-	-	-	€81,250

Property Status

For Sale

Property Location

Map View Street View

Documents

Corner House Cabinteely Brochure

QRE Contacts

Brian Kelly

MRICS MSCSI

Divisional Director

Brian is a Divisional Director within the QRE Agency and Investment Team. He is a qualified Chartere... View More

+353 87 337 4933

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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

Email LinkedIn