Property Description

Investment Summary

Mixed use development with two self contained apartments above a retail unit at ground floor.

The commercial unit underwent an extensive refurbishment in 2024.

The retail unit is let out to Una Bakery with a WAULT of 7.2 years to break and 12.2 to expiry.

A combined passing rent of €103,800 between the retail unit and two apartments.

NIA of 131.82 Sq. Mt. & 1,419 Sq. Ft.

BER C - G

Location
The property is located in Ranelagh, one of Dublin's most desirable southside villages. An affluent, characterful neighbourhood of Victorian and Edwardian red-brick houses, located 1.5 km south of St Stephen's Green. The location is well serviced by local road infrastructure / public transport facilities and is approximately 400 metres east from the Luas Green Line.

Property Description
116 Ranelagh comprises a two-storey building with a premium bakery café offering at ground floor and two self-contained apartments situated at first floor. The property extends to a total net floor area of 1,419 sq.ft.

The first floor contains a one bedroom apartment and a two-bedroom apartment. Both units above are self-contained with access via a stairway accessed from Ranelagh Road. The apartments are of a modern specification and include kitchen, living areas, and bedrooms.

Tenancy
The retail unit at ground floor is leased to Dungeagan Limited t/a Una Bakery on a fifteen year lease from November 2023. The current passing rent is €60,000 p.a. with a break option scheduled for November 2033. The two apartments are paying a combined €43,800 p.a. with rent reviews scheduled for both for May of next year.

Viewings
Viewing strictly by appointment through BNP Paribas Real Estate.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: today, 13 hours ago