RS-WS1
For Sale

5 The Dalkey Clinic, 5 Ulverton Rd,

Dalkey, Co. Dublin, A96 H2N4
1,080 SQ.FT
Offers in excess of
€785,000
Investment Property

Property Overview

The subject property comprises a ground floor retail unit constructed in circa. 2000 and extending to 1,080 sq.ft (100 sq.m) and benefits from an enclosed rear courtyard. The unit forms part of a mixed-use development with modern residential apartment overhead.

The property is currently leased to a dental practice and is finished to a very high standard. The current fit-out provides for a reception area, three dental surgeries, staff facilities, storage area and customer/staff toilet.

All interested purchasers are specifically advised to verify the floor area and undertake their own due diligence.

Tenancy
The subject property is leased to Portman Healthcare Holdings (Ireland) Ltd on a 35-year lease from 1st November 2000 at a passing rent of €56,000 per annum with a tenant break option in 2030 and parent guarantee from Portman Healthcare Ltd UK.

Tenure
Long leasehold

Price
Offers are sought in excess of €785,000, which represents a NIY of 6.50% after the deduction of standard acquisition costs at 9.96%.

Further Information/Viewings
Strictly by appointment only with the selling agent Lisney.

For further information please contact:
Thomas Byrne

BER information
E2
BER number available upon request

The subject property comprises a ground floor retail unit constructed in circa. 2000 and extending to 1,080 sq.ft (100 sq.m) and benefits from an enclosed rear courtyard. The unit forms part of a mixed-use development with modern residential apartment overhead. The property is currently leased to a dental

  • High profile ground floor retail unit located in Dalkey Village
  • Excellent unexpired lease term of 9.20 yrs to break and 14.20 yrs to expiry
  • Current rental income of €56,000 per annum
  • Single lease for the entire
  • Net initial yield 6.50% (based on the guide price)
  • Tenant not affected

Accommodation

DescriptionSq.mSq.ft
Ground Floor1001080

Meet our Experts

Loading...
RS-WS1