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In the bustling heart of Foxrock, Dublin 18, an extraordinary opportunity presents itself for savvy investors and business enthusiasts. Discover a retail unit that not only promises a robust rental income but also holds the potential for further development. Nestled in one of Dublin’s most sought-after locales, this property is brought to the market by Casey Kennedy Estate Agents, listed on FindQo Properties. With tenants already in place, this investment ensures a steady income stream, and the prospect for growth adds another layer of attraction.
Priced at €1,250,000, this commercial asset is a beacon for investors seeking a prime location with a strong tenant base. The property is fully let, generating an impressive annual rent of €72,000. This income is distributed among three tenants, each occupying different sections of the premises, ensuring diversification and stability.
The ground floor is occupied by Hunter Estates, commencing their lease on 9th January 2023 for a term of five years, contributing €38,000 annually. The first floor houses Branch Healthcare Ltd T/A Chiropractix, with a lease start date of 13th January 2023, extending over a decade, adding €24,000 to the total income. The rear unit is leased to Jane Giffney, who began her term on 1st May 2022, with an annual rent of €10,000. This diverse mix of tenants provides a robust foundation for secure returns.
Located at 2 Brighton Road, this property’s strategic positioning in Foxrock offers excellent connectivity and a vibrant local economy. The area is renowned for its strong local demand and is well-served by public transport, enhancing accessibility for tenants and customers alike. Furthermore, the property has potential for development at the rear, subject to planning permission (S.P.P.), presenting a lucrative opportunity for increasing the asset’s value.
This investment is highlighted by its stable rental income and the reversionary potential that underpins its commercial appeal. The asset is not only a secure income stream but also offers significant upside potential. It is an attractive proposition for investors looking for assets with strong covenants and excellent management potential.
While specific utility details like electricity, gas, water, sewerage, broadband, and telephone remain unspecified, such aspects can be easily addressed upon further inquiry. Notably, the property does not include garden space, parking, or a garage, which should be considered by potential buyers during their decision-making process.
For further inquiries or to arrange a viewing, interested parties are encouraged to contact Casey Kennedy Estate Agents at [email protected] or call +353 0 12883688.
For more details, click here to view the full ad on FindQo.
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