Property Description

Location
5 Arbourfield Terrace is located on a high profile terrace of shops on the Dundrum Road, close to the Dundrum Mental Hospital and the Dundrum Business Park. We understand that the Lad Development Agency plan to build another 1,200 homes on the Mental Hospital site.

The property is also within a short walking distance from the Windy Arbour LUAS station, which services the green LUAS line. It is also located on a busy arterial road within a few minutes
drive from Milltown and Dundrum Town Centre.

Description
Number 5 Arbourfield Terrace comprises a 2 storey mid-terrace mixed use building with a ground floor lock up florist shop and a 2 bed apartment overhead

Ground Floor Shop 37.25 sq.m. (400 sq.ft.) plus external store room

2 bedroom apartment 66 sq.m. (710 sq.ft.)


Passing Rent €37,200 p.a.

Apartment
The apartment has a separate entrance at the front of the premises which leads up to the 2 bedroom apartment on the first floor. The apartment has been refurbished to a reasonably high standard and provides living accommodation at first floor level with a kitchen and second toilet on the ground floor.
There is a bathroom and shower room on the first floor as well as 2 large bedrooms and a living room. The apartment also has shared access to an enclosed garden at the rear of the premises. The apartment is serviced by gas-fired central heating.

Retail Premises
The ground floor retail premises has been rented out to Dundrum Blooms Florists under a 10 year Lease from 1 October 2019 for a rent of €21,000 per annum. There is a mutual break option on 30 September 2024.

The premises comprises a 25 sq.m. shop with ancillary kitchen and storage space to the rear.
There is ample customer car parking in front of the premises.

The 2 bed apartment is held by the same tenant since 1 November 2019 and they pay a rent of €1,350 p.a. up until 1st November 2022.

Both tenants have signed a Deed Of Renunciation

Copies of the current Leases are available upon application.

Tenure
We are informed that the property is held freehold.

Building Insurance
€860.61 per annum.

Local Authority Rates
We understand that the local authority rates are approximately
€3,115.42 per annum.

VAT
We understand that VAT is not applicable on the sale of this property however all intending purchasers are advised to seek advices on taxation purposes

BER Details

BER No. 106108749

Energy Performance Indicator: 340.33 kWh/m2/yr

This property was last updated: yesterday morning