191a Howth Road, Killester, Dublin 3
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€870,000
Investment Property For Sale1,647 sq. feet (153 sq. metres)
Rating:
Contact Name: Ben Pearson
Selling Agent:
Agar Commercial Property Consultants
PSR Licence Number: 004514
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Property Description
Secure rental income from a long established Solicitor's practice.
Held under 2 long term repairing leases.
Unexpired lease terms until 2031 & 2032.
Title: We are advised that the property is held under very long leasehold title subject to a nominal annual ground rent.
VAT: We are advised that VAT shall not be applicable to the sale price.
The Property occupies a high profile location on the Howth Road in Killester close to its junction with Collins Avenue East, approx. 6 km north of Dublin city, and forms part of a vibrant parade of retail & office properties. Adjoining occupiers include Supervalu, Expert Hardware, Base Pizza, Lynchs Takeaway, The Beechcomer Pub etc. The Property enjoys a substantial volume of passing pedestrian & vehicular traffic.
The Property comprises an end of terrace property with part office and retail/coffee shop user at ground floor, with self contained first floor offices, comprising in total approx. 152.93 sq. metres (approx. 1,646 sq. ft). There is an enclosed garden to the rear of the property.
12 car spaces to the front of the property.
Tenancy(1): Part ground floor 191A Howth Road & entire first floor let to Mona O’Leary & Paul Maher t/a O’Leary Maher Solicitors for a term of 25 years from 2006, subject to 5 yearly rent reviews, and a current passing rent of €47,000 per annum exclusive. Tenant liable for the repairs, the payment of local authority rates and landlord’s insurance. User – offices.
Tenancy(2): Ground floor retail unit let to Mona O’Leary & Paul Maher t/a O’Leary Maher Solicitors for a term of 20 years from 2012, subject to 5 yearly rent reviews and a current passing rent of €18,000 per annum exclusive. Tenant liable for interior repairs, the payment of local authority rates and landlord’s insurance. User is that of offices.
The demise has been sub-let as a coffee shop to Couples of Mugs Coffee Limited, Planning Permission having been obtained for change of use to a coffee shop, and subject to a sub-rent of €25,000 per annum. The sub-let term is for 4 years and 6 months from 2025.
See attached Schedule of Accommodation.
BER Details
BER No. 801122458
Energy Performance Indicator: 0.00 kWh/m2/yr
This property was last updated: yesterday morning
