Kilronan House, Church Road, Malahide, Dublin North County

Dublin North County
Active

€ 2,000,000

Next Viewing:

Prime location multi-tenant commercial investment Opportunity
Specification / Key Benefits:
Multi-unit fully tenanted commercial investment property
Approx. 621.4 sq m / 6,688.69 sq ft
Long-term secure income of €167,304 per annum
Net Initial Yield (NIY) of 7.7%
Strategically located in the heart of Malahide village
Overview:
REA Grimes Clontarf are delighted to bring this centrally located commercial premises to the market. Kilronan House is home to 8 businesses and measures approximately 621.4 sq m / 6,688.69 sq ft NIA. It comes with 6 parking spaces to the rear of the property, accessed via a laneway, and an annual rental income of €167,304 with a net intial yield (NIY) of 7.69%.
Location:
Situated in the heart of Malahide village – It is well serviced by excellent public transport, including the DART and Dublin Bus, ensuring fast and easy access to and from the City Centre. Excellent road networks offer easy access to the M1 / M50 motorways and Dublin Airport.
Tenancy
The entire property is fully let with a current passing rent of €167,304 per annum. (Tenancy schedule available on request). Tenants not affected.
Usage Type
Investment
Investment Highlights
Multi-Unit Commercial Investment Opportunity
Comprises of 8 units (fully tenanted / in situ)
6 car parking space
Excellent proven rental location
Estimated Annual Gross Rental Income of €167,304
Freehold title
Ground Floor:
Entrance Hall:
Leading to the medical centre on the ground floor, with stairs leading to 3 further units
Malahide Medical Centre:
Corridor with wooden flooring leading to reception area, office, waiting room, four treatment rooms and a theatre room. Kitchenette with sink, storage room, disabled WC with wash hand basin and WC
Chow Town:
Ground floor own door takeaway unit, with bench and breakfast bar with seating at the front, and kitchen facilities to the rear
Gabors Barbers:
Ground floor own door barber shop with laminate flooring, reception / seating area, cloakroom / staff room, WC with wash hand basin and WC
Tantastic:
Tanning Salon with own door entrance from Church Road. Laminate flooring, four tanning pods, reception / seating area, WC, wash hand basin and storage room
First Floor:
Upstairs there are two WC’s, a kitchenette and storage rooms
Tree of Life:
Located to the rear of the building, comprises a large reception and waiting area, 4 treatment rooms / offices and a large events room
Nails by Martha:
With laminate flooring located to the front of the building, comprises an open plan room operating as a nail salon
Chiropodist / Perfect White Smiles:
Shared waiting area, WC, and kitchenette; the Chiropodist has 2 treatment rooms and Perfect White Smiles has a treatment room and an office
Commercial Rates 2021
Paid by tenants
BER Details:
Rating: E2
BER Number: 800821357
Energy Performance Indicator: 500.95 kWh/m²/yr 2.4
Tilte:
We understand that the property is held under a freehold title
Viewings:
Viewings are strictly by pre-arranged appointment through REA GRIMES the sole selling agents.

Location

Property type
BER: E2 BER No.800821357 Energy Performance Indicator:500.95 kWh/m²/yr
Agent Details
REA Grimes (Clontarf) Grimes

192 Clontarf Road, Clontarf, Dublin 3

Tel: 01 853 0630

Mail: linda@reagrimes.ie

PSRA Licence No.  001417