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1 Fitzmaurice Road

Glasnevin, Dublin 11

For Sale
Guide Price: €400,000
Property Highlights
Mixed use investment
Extending to approximately 177.45 Sq.m 1,910 Sq.ft.
Comprising 2 interconnected retail units and a vacant first floor unit
Well located on busy retail parade
Excellent asset management opportunity
Net Initial Yield 7.62%
Tenants not affected
Property Location

Fitzmaurice Road is in the centre of Glasnevin, close to Johnstown Park and The National Botanic Gardens. The subject property is located at the end of prominent
retail parade at the junction of Fitzmaurice Road and Ballygall Road. The area is predominately residential in nature and has an established trade. Surrounding occupiers include Spar, Polished, Haven Pharmacy and Texaco.

Property Description

The subject property is a two-storey mixed use end of terrace property with an extension to the rear which provides access to a small rear yard. The property extends to approximately 177.45 sq.m. (1,910 sq.ft.)

The ground floor comprises of a butcher trading as Corrigans Butcher to the front with rear preparation and fridge storage area. The post office is accessed  through the butcher and comprises cashier counter to the front and administrative offices to the rear.

The first floor which has separate off street access was previously occupied by a beauty salon and has the benefit of vacant possession. This unit could be easily converted to 2 bedroom residential accommodation S.P.P. 

Lease Terms

The property is currently occupied on the ground floor by Corrigan’s Butcher and an individual trading as An Post. Both the current tenants are overholding on an expired 35 year lease from December 1982.  They are paying a combined annual rent of €33,540 per annum.

 

Tenant GIA SQ.M GIA SQ.FT Annual Rent €
Butcher 88.91 957 22,800
An Post 31.75 342 10,740
Vacant First Floor 56.80 611 -
Totals 177.45 1910 33,540

 

Property Size/Area
177.45 Sq.m (1,910 Sq.ft.)
Property Status
For Sale
VAT
Exempt
Energy Performance Indicator
900.5 kWh/m²/yr 3.14kWh/m²/yr
BER Number
800763757
BER Grade
Location Map

53.382722, -6.276827

Documents

QRE Contact

Brian Kelly
Surveyor
Bryan Garry MRICS MSCSI
Director
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