Property Description

Keane Thompson is delighted to present a unique and exciting mixed-use Residential and Retail Investment unit, offering excellent potential for further uplift to a yield of c. 9.9% plus. This attractive property, built in the early 1950s, comprises a well-maintained two-bedroom residence on the top floor alongside an established Mace brand outlet.

The residential unit is offered with vacant possession, presenting strong rental potential and further future development opportunities (subject to planning permission).

Retail:
The existing retail unit is currently let to Mace and benefits from a strong tenant covenant. The unit features commercial-grade non-slip rubber flooring throughout and is separated into a welcoming reception area with customer seating, a large kitchen, and ancillary areas. The kitchen includes two freezer cold storage units, stainless steel sinks, a WC, and a wash hand basin. The current rent roll is €34,000 per annum, with a recent 10-year IRI lease completed in 2025, ensuring stable and secure income for the future investor.

Residential:
This two-bedroom terraced property is well maintained and offers an abundance of natural light and a practical internal layout. The entrance hallway leads through to a separate spacious ground-floor storage area with concrete flooring and a separate under-stairs storage space, all accessed via a private entrance. On the upper floor, there are two rear-facing double bedrooms, a fitted kitchen with both eye and base-level Kitchen units, a spacious front-facing sitting room, and a family bathroom that completes the accommodation. The property is offered with vacant possession with rental potential in the region of €30,000 per annum.

Location
Church Place in Sallynoggin is home to a variety of local businesses that serve the community's daily needs. From cosy cafés and takeaways to convenience stores and service providers, the area offers a blend of family-run establishments and small enterprises that contribute to its vibrant, local atmosphere. A well-known feature is the presence of specialist services such as hair salons and garages, making Church Place a convenient hub for both residents and visitors. With its close proximity to larger shopping areas in Dun Laoghaire and surrounding suburbs, Church Place complements Sallynoggin's friendly, community-focused business scene.

Accommodation c. 147 sq.m ground floor retail with a further c. 65 sq.m first floor residential.
Please refer to floorplans for room measurements

Retail c. 147 sq.m
Residential Terraced House c. 65 sq.m

Ground Floor:
Hallway
Carpet flooring throughout, with stairs leading up and under-stairs storage.

Living Room
Bright and spacious, with laminate flooring, and front-facing window.

Kitchen
A range of base and eye-level kitchen units, plumbed for a washing machine and dishwasher, providing a functional space for family living with laminate flooring.

Bathroom
Features partially tiled walls, a wash hand basin, a toilet, and an electric shower.

Bedroom 1
Rear-facing double room with carpet flooring.

Bedroom 2
Rear-facing double room with carpet flooring.

Hot press and very large attic space - potential to convert into two further rooms subject to planning permission.

Features
Current rent roll on retail unit €34,000 per annum, 10-year IRI lease from January 2025.
Massive potential for uplift due to vacant 2-bed residential apartment.
Potential rent on Residential unit €30,000 per annum.
Potential gross yield at c. 9.9% and above.
Vacant possession offered on residential premises.
Excellent location, close to shops, schools and public transport.
Near to Dun Laoghaire, Glasthule & Sandycove village.
Dart, Aircoach, N11, M50, Bus routes 7, 7n, 46a, 63 &75.
Electric heating.

Asking Price: €645,000

BER Details

BER No. 104301486

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: today, 12 hours ago