Property Description

Property Highlights
- Multi Let Investment Opportunity
- Extending to approximately 198 sq. m. (2,135 sq. ft.)
- Landmark property in excellent main street location
- Fully occupied with a passing rent of €81,250 per annum
- Guide Price €900,000
- Net Initial Yield of 8.21% (after standard purchaser costs of 9.96%)
- WAULT of 12.6 Years
- Attractive capital value of €422 per sq.ft.
- Tenants not affected.

Property Location

The property occupies a prime position on Johnstown Road in Cabinteely, one of South Dublin’s most established and sought-after suburban locations. The area is predominantly residential and continues to experience significant growth and development.

Directly opposite, 34 new homes are currently under construction, while a substantial scheme of approximately 342 residential units is planned at nearby Brennanstown, just north of Cabinteely Village. These large-scale developments highlight the ongoing expansion of the area and will further enhance local footfall and demand for commercial occupiers.

The subject property is ideally positioned in the centre of Cabinteely Village within 130m of the N11, 2.5km from the M50, 50m from Dublin bus routes only 2km from the Luas Gren Line.

Property Description

This landmark property comprises a two-storey mixed-use corner building benefiting from dual frontage onto Old Bray Road and Johnstown Road.

The accommodation includes a restaurant arranged over part ground and first floor, a ground floor barber shop, and a cosmetic clinic occupying part ground and first floor areas.

The property is in excellent internal condition with each unit finished to a high standard.

Neighbouring businesses include The Horse and Hound Pub, Lewis Motors, BLT Café, Post office, Dublin 18 Dental Rooms and Bread 41.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 8 days ago