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Unit 7 Cathedral Court,

New Street South

For Sale Guide Price €450,000
Property Highlights
  • High Yielding Investment
  • 20 year lease from October 2024
  • 10 year break option
  • Secure income
  • Established Trading Position
  • Net Initial Yield 7.67%
Property Location

Cathedral Court is a vibrant mixed use residential and commercial development located on New Street South, Dublin 8. The occupants can enjoy a range of nearby amenities, including shops, bars and restaurants.

There are a wide range of public transport links within the immediate vicinity with the Green Line Luas circa 7 min walk away at St Stephen’s Green and a host of Dublin Bus routes from New Street South.

Dublin 8 has witnessed a transformation of the local area in recent years by the development of the Eight Building in Newmarket Square and The Fumbally Office Development at the nearby Fumbally Square
and the recent construction of both the Maldron Hotel and Hyatt Centric provide additional amenities to the area. This will complement the predominately residential area.

Property Description

The unit, which is fitted out to a high specification includes, reception, 3 consultations rooms, x-ray room, laboratory and staff facilities. The unit is approx. 100 sq.m. / 1,100 sq.ft. The unit also benefits from rear
door access into the cathedral court development.

Internal specification includes: Tiled floors, suspended ceiling, recessed LED light fittings, PIR Sensors, CCTV

Lease Terms

The property is let to Clear Smiles Dental on new 20-year Full Repairing and Insuring lease by way of service charge in place from 1st October 2024. The passing rent is €38,000  per annum, with a tenant break in year 10, with 5 year open market rent reviews.

Property Size/Area
100 Sq.m / 1100 Sq.ft
Property Status
For Sale
BER Details
Property Location
Documents
QRE Contacts
Brian Kelly
Brian Kelly
MRICS MSCSI  

Associate Director

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

+353 87 337 4933

 

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Jonathan Donnelly
Jonathan Donnelly
 

Surveyor

Jonathan joined QRE in 2021, after graduating from Technological University Dublin with a BSc (Hons)... View More

+353 87 701 8812

 

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