10 Errigal Road, ,
Property Overview
- Features
- Location
The property comprises a two storey end of terrace building comprising a ground floor retail unit and three apartments (2 x 2 beds and 1 x1 bed) on the upper floor. Spar occupies the entire ground floor and small office on the upper floor. The ground floor is laid out to provide a retail/ grocery area, off-licence, deli counter, Post Office, ATM and
back of house storage and extends to approx. 1,420 sq. ft. The retail unit is let on a 20 year FRI lease from 2020 with an
annual rent of €52,000. The upper floor residential units are self-contained apartments and benefit from separate access to the retail unit. The apartments produce a combined rent of €58,500 and are let on annual leases.
PRICE
Guiding €1,200,000 which represents a NIY of 8.37% after standard purchaser costs at 9.96%
BER INFORMATION C1
TITLE
We understand the
property is held freehold
The property comprises a two storey end of terrace building comprising a ground floor retail unit and three apartments (2 x 2 beds and 1 x1 bed) on the upper floor. Spar occupies the entire ground floor and small office on the upper floor. The ground floor is laid out to provide a retail/ grocery area,
- Mixed Use investment located adjacent to Crumlin Children’s Hospital
- Producing a total of €110,500 per annum with potential to increase further
- Comprises a ground floor retail unit and 3 apartments (2 x 2 beds and 1 x1 bed) with independent access
- The residential units produce an income of €58,500 per annum
- The surrounding neighbourhood is predominantly residential and highly populated, with this retail parade catering to numerous local housing estates.
- Ground floor fully let to Triode Newhill Management Services Limited (T/A: Spar) on a 20-year FRI lease from 2020, producing €52,000 per annum.
- Tenants not affected
Accommodation
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