FOR SALE - MIXED USE INVESTMENT AVAILABE IN 3 LOTS (TENANTS NOT AFFECTED)
DNG & Galvin Property & Finance bring a mixed use investment opportunity to market.
The opportunity comprises two interconnecting buildings, located at 98 Ranelagh Village and 1 Sallymount Ave Ranelagh, Dublin 6.
LOT 1 - 1 Sallymount Ave, Ranelagh, comprising ground floor commercial occupational tenant 'Ranelagh Thai Centre' and 8 Pre 63 residential studio flats with a guide price of €1,050,000. The combined current passing rent is c. €88,584 per annum.
LOT 2 - 98 Ranelagh Village, comprising a ground floor retail unit. Boylesports are the current occupational tenant. The unit has a guide price of €550,000. The current passing rent is €48,750 per annum.
Lot 3 - The entire (comprising of both interconnecting buildings) with a guide price of €1,600,000 (based on a current passing rent of €137,334)
- Prime Location
- Reversionary potential
- Attractive yield at 8.6% gross (GIY)
- 8 no. residential flats and 2 no. commercial units included within the entire lot.
- Current passing rent of €137,334 per annum.
- Direct access to shops, LUAS station and amenity space.
- Excellent high demand rental location
For sale in three lots, this is an excellent opportunity to purchase a prime mixed use investment property situated in the heart of Ranelagh Village. The opportunity benefits from a prime location within Ranelagh Village and just a few minutes walk from the LUAS Station and Rathmines Village. The strength of the location is supported by nearby occupiers including Bank of Ireland, Cimmimon Cafe, Bunsen, Birchalls Public House, SuperValu, Lidl, AIB, Tribeca & The Tap House. This is a vibrant location in one of the city's premier business, dining and entertainment addresses.
By appointment with the joint selling agent DNG Advisory & Galvin Property & Finance. For further information please contact:
Caelan Donnan - 086 025 1871 / firstname.lastname@example.org
Gareth Noone - 087 618 2449 / email@example.com
Barry Connolly - 087 7176615 / firstname.lastname@example.org
James Galvin - 086 827 4544 / email@example.com