Coldwell Banker Commercial

Description

Retail Unit For Sale - 5,177 sq. feet (481 sq. metres)
Fantastic Investment Offering. Guaranteed rental income by one of Ireland`s largest companies COLDWELL BANKER COMMERCIAL brings to the market this excellent Investment Opportunity. Investment Highlights: Rental Income - €232,500 per annum Initial Gross Yield - 7.75% Spar rents Guaranteed by BWG Foods PROPERTY DESCRIPTION: The property comprises the entire corner building with Spar on most of the ground floor. The other lessee is Indie Spice. This restaurant features a reception area and toilets at ground floor and the seating area on the First Floor with a first class modern fit-out. LOCATION: The property is located in the heart of Sandymount Village across the road from Sandymount Green. Sandymount is one of the most idyllic villages in South Dublin. Tesco, AIB and a number of boutique retailers, eateries and local pubs surround the green. The Aviva Stadium and East Link Toll Bridge are located with close proximity. ACCOMMODATION: 23 & 24 Sandymount Green Property Type: Retail/Restaurant Ground Floor Spar: Approx. 231 Sq.m Ground Floor Indie Spice: Approx. 40 Sq.m First Floor Indie Spice: Approx. 210 Sq.m Total: Approx. 481 Sq.m LEASE DETAILS: Ground Floor 23 & 24 Sandymount Green. Tenancy: Lease 1 (No 23) Let to Triode Newhill LHP LimitedT/A SPAR (A Wholly Owned Subsidiary of the BWG Group) Term: 25 year lease from October 2006, Next Review 2016, Lease expires 2031 Passing Income: €75,000 per annum and guaranteed by BWG Foods Tenancy: Lease 2 (No. 24) Let to Triode Newhill LHP Ltd T/A Spar (A Wholly Owned Subsidiary of the BWG Group) Term: 35 Year Lease from October 1988, Next Review 2018, Lease expires 2023 Passing Income: €90,000 and guaranteed by BWG Foods First Floor 23 & 24 Sandymount Green . Tenancy: Lease 3 Let to Indie Spice Restaurants Term: 25 year lease from 1st July 2010, 5 Yearly Reviews Passing Income: €55,000 per annum Mobile Phone Mast Licence to Vodafone Ireland Ltd. 10 years from November 2016 Passing Rent €12,500 per annim TOTAL INCOME: €232,000 Per Annum Lease Details Available on Request