RS-WS1
For Sale

34 Lower Dorset Street,,

Mountjoy, Dublin 1, D01 NW81
241 SQ.M
€750,000
Investment Property

Property Overview

The subject property comprises a three-storey over basement, mixed-use building with a traditional timber framed shop front fronting onto Dorset Street.

The ground floor is laid out to provide for a self-contained retail unit which is currently used as a takeaway and is supported by staff and storage facilities at basement level.
The upper floors benefit from independent access off Dorset Lane and provide for residential accommodation.
The entire extends to approximately 241 sq.m (2,594 sq.ft).

TENANCY
The entire is leased to two individual’s t/a Spice N Rice takeaway on a 25-year upwards only lease from 4th August 2004 at a passing rent of €70,000 per annum with no break options.

ZONING
The property is zoned Zone Z4: District Centres ‘To provide for and improve mixed-services facilities’ under the Dublin City Development Plan 2016-2022.

TENURE
We understand the property is held freehold.

BER RATING
F-G
Individual BER numbers available upon request.

VAT
The purchaser will be liable for any VAT (if applicable) arising out of the sale.

PRICE
Offers are sought in excess of €750,000 which represents a net initial yield of 8.50% after the deduction of standard acquisition costs at 9.96%

FURTHER INFORMATION/VIEWING
For further information or to arrange a viewing, please contact sole selling agents:

The subject property comprises a three-storey over basement, mixed-use building with a traditional timber framed shop front fronting onto Dorset Street. The ground floor is laid out to provide for a self-contained retail unit which is currently used as a takeaway and is supported by staff and storage

  • High profile mixed use investment situated on Lower Dorset Street
  • Total floor area of approximately 241 sq.m (2,594 sq.ft)
  • Excellent unexpired lease term of approx. 8 years
  • Single lease for the entire
  • Producing a rental income of €70,000 per annum
  • Immediate net initial yield of 8.50%
  • Tenant not affected

Accommodation

FloorSq.mSq.ft
Ground Floor (NIA)84.50909
Basement (NIA)35.20379
First & Second Floor (GIA)121.301,306
TOTAL 2412,594

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RS-WS1