DNG Commercial are delighted to bring to market the opportunity to acquire a mixed-investment property in the heart of the North Dublin suburb of Glasnevin. This property comes to market with a tenanted ground floor café, takeaway and jewellers and the 1st floor is occupied by hairdressers and barbers, there is also the benefit of a vacant office space.
Highlights
• Superb location.
• Significant opportunity for long term capital growth.
• Excellent transport links, on the doorstep
• Freehold Title
• Excellent high demand rental location.
Location:
The property is located on 6 St. Pappin’s Road, Glasnevin. The surrounding area which is north of Glasnevin is characterised by residential development of semi-detached and terraced type housing. As of the census data 2022 over 125,000 people live with a 3km radius of the subject property.
6 St. Pappin’s Road is located in retail neighbourhood centre that currently has mix of uses at present including a pub, a pharmacy, a hot food takes away, Eurospar shop, café and a doctors medical practice.
The property has excellent public transport links that regularly service the area in and out of the city centre, including the 4, 9, 43 and 88n bus routes.
The surrounding area boasts a host of amenities such as Dublin City University, the Botanic Gardens, Croke Park and Bon Secours Hospital. Dublin Airport is a 10-minute drive north of the property and the property is also accessible from the M50.
Description:
The subject site forms part of a neighbourhood centre development including retail and local services within four two-storey blocks. The property is arranged along the corner formed by Ballymun Road and St. Pappin’s Road. Car parking is provided to the front of the property and are separated from St. Pappin’s Road and Ballymun Road via a slip road and public pathway.
The property comprises a two-storey building which is currently occupied by five trading tenants, which include a Chinese food takeaway (Aberdeen Chinese Take Away), jewellers (Watch & Jewellery Workshop) and café (Le Petit Café) at ground level and a hairdresser (Ripple Hair Salon) and barbers (Harte’s Barbers) above. There is also a vacant office on the second-floor level. The property also benefits from a large back garden area.
Tenancy Details:
The ground floor Chinese takeaway (Aberdeen Chinese Take Away) is currently paying €35,000 per annum on 20-year lease from 2020. The ground floor café (Le Petit Café) is currently under sub-lease to Aberdeen Chinese Take Away.
The two of the three upper floors spaces are currently let to Harte's Barbers paying €11,700 per annum on a 20-year lease from 2023 and Ripple Hair Salon paying €8,000 per annum on a 4-year 9-month lease from 2021. The remaining second floor office space is currently vacant.
The total current rent roll for the property is €54,700 per annum.
Opportunity:
Guide Price: €695,000
BER: D2
Viewing by appointment with DNG Commercial only.
D11RRX9 233.8 m2
D11RRX9 233.8 m2