Investment Properties - For sale - Unit 2, Ballyowen Castle, Ballyowen Shopping Centre,

Lucan, Co. Dublin, K78 Y9W0

   

  • Let to Camile Thai Kitchen Limited on a 10 FRI lease from 1st August 2017.
  • Let to Synnott Solicitors new 10 year lease commencing from January 2019.
  • We understand the property is held freehold or long leasehold equivalent.
  • The property is BER Exempt.

Description

Location
Ballyowen Castle is located just off the Ballyowen Road and can be accessed at the junctionof the Ballyowen Road and Castle Road. Ballyowen Castle forms part of Ballyowen Shopping Centre and is surrounded by several occupiers offering a variety of commmercial uses to include a Euro- Spar, Lidl, the Penny Hill Lounge and Primacare Medical Centre. Ballyowen Road is well served by Dublin Bus and is easily accessible from the N7/N4 motorways. The site to which Ballyowen Castle resides enjoys a prominent profile and is clearly distinguishable when entering Ballyowen Shopping Centre. The commercial viability of Ballyowen Castle is also enchanced by the huge catchment area of Lucan to which it is surrounded by.


Description
Ballyowen Castle is a 2-storey self contained building of cut stone construction. The building is split into 2 self contained commercial units. The ground floor, which has a “takeaway food use” is currently occupied by Camile Thai Kitchen Limited and is broken up into 3 areas and includes a reception
/waiting area, commercial kitchen and 1 office. The 1st floor, which has an “office use” and a separate entrance point on the opposite side of the building is currently occupied by Synnott Solicitors.

The Investment
Guiding Purchase Price in excess of €625,000 (subject to contract) which equates to a net initial yield (NIY) of 8.00% after allowing for typical purchasers costs of 8.46%.

BER Exempt



Updated: 20/03/2019
Reference: 194091506
Investment Properties: For sale
120 m² \ 1,292 sq ft max
120 m² \ 1,292 sq ft available
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Matthew Vanston
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