Description

*** FOR SALE BY AUCTION OCTOBER 27th 2017 at 12pm.*** Freehold retail investment property in the middle of Cabinteely, a thriving suburban village in this leafy residential neighbourhood of South County Dublin. Occupying a central position in the bustling village of Cabinteely and adjacent to the gates of the expansive Cabinteely park with its many family-friendly facilities and activities throughout the year. The unit represents a rare investment opportunity in the heart of this densely populated and highly desirable residential area. The own door retail unit was let to Pizza Republic on a new 15 year IRI lease at a rent of €25,000 per annum from April 2016. Investors can expect a gross yield of 10% before standard purchaser's costs are considered, with potential for strong reversionary value with future rent reviews.

This self-contained, ground floor retail unit in The Watermint development extends to c. 95 sq. m. / 1,022 sq. ft. and benefits from 10 m. of frontage on the main street. The current tenant, Pizza Republic, has recently completed a very high end fit out and are trading successfully.

Located just off the N11 and a short drive from the M50, Cabinteely is perfectly positioned with respect to main arteries into the Capital from South County Dublin, Wicklow and beyond. The premises is a short walk from a number of schools, cré¨ches, offices, Cabinteely Park and many surrounding residential developments.

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Unit 1 The Watermint, Cabinteely, Dublin 18 on clicktopurchase.