Property Description

6.66% YIELDING DUBLIN 4 COMMERCIAL INVESTMENT WITH LONG INCOME AND ESTABLISHED TENANT

Tenancy unaffected by sale (subject to contract)

INVESTMENT HIGHLIGHTS:
Commercial investment property located on Leeson Street Upper, Dublin 4.
Fully let to Leeson Laundry (FRI lease)
Currently producing a passing income of €30,000 p.a., due to increase to 33,000 EUR p.a. in 2028.
Unexpired lease term of approx. 9 years.
Net Initial Yield of 6.66% (based on average rent of €31,500 p.a.)
Potential upper floor reconfiguration (STPP and tenant approval)


LOCATION:
The property occupies a prominent position on Leeson Street Upper, Dublin 4, a well-established commercial and residential area, benefiting from strong local and passing trade.

Nearby occupiers include The Little Kitchen, The Sofa Room, One Kinda Folk, Spar, Kin Dee Restaurant, Neighbourhood Wine Leeson Street, The Natural Flooring Company, and Helga Schworer Hair Salon.

Excellent transport links, with multiple Dublin Bus routes operating in the area, along with Charlemont LUAS stop within walking distance, which provides efficient access to the wider city. Nearby amenities include the Grand Canal walkway and Wilton Park, which improve the overall attractiveness of the location.


DESCRIPTION:
Mid-terraced two-storey commercial building with a traditional shopfront frontage, fully occupied by Leeson Laundry.

The ground floor accommodation provides an open-plan launderette operation, Customer counter area, laundry equipment zone, Rear storage + WC, and internal stair access to first floor.

First floor accommodation provides for several rooms, hallway, and kitchen facilities, all of which is being lightly used for storage purposes.


LEASE INFORMATION:
Tenant: Leeson Laundry (established operator)
Lease: 35 years from 1 Sept 2000
Expiry: 31 Aug 2035
Unexpired term: c. 9 years
FRI lease
No upcoming break clause.

Rent Profile:
2025–2028: 30,000 EUR p.a.
2028–2030: 33,000 EUR p.a.
Next review: 1 Sept 2030 (upwards only rent review)


ACCOMMODATION (GIA):
Ground Floor: 57.41 sq. m / 618 sq. ft
First Floor: 48.49 sq. m / 522 sq. ft
Total: 105.90 sq. m / 1,140 sq. ft


ADDITIONAL DETAILS:
GUIDE PRICE: (Plus VAT, if applicable)
TENURE: We understand the property is held freehold.
BER: Exempt

Viewings: STRICTLY BY APPOINTMENT ONLY.

If you would like to arrange a viewing or require further information, please contact Eimantas Petrus or James Stephenson at Norths Property.

NOTE:
All measurements are approximate, and information provided is for guidance purposes only. Parties must satisfy themselves as to accuracy.

This property was last updated: today, 4 hours 35 minutes ago