The Eden Centre, Rathfarnham, Dublin 14

Sale Agreed

Beds
Price	Sale Agreed
Property Type	Investment Property
Size	1043 meters²
Energy Rating	BER-D2
Refreshed on
Eircode
Group Name	Keane Thompson Property Consultants
Sales License Number	003687

Description

INVESTMENT OPPORTUNITY (TENANTS NOT AFFECTED) GROSS YIELD 8.8% Description The Eden Centre is a landmark two storey investment building measuring approximately 1,043.47 sq. m / 11,231 sq. ft. and stands on approximately 1 acre/.40 ha site and comprises ground floor retail and first floor offices. The first floor offices include cat 5E cabling, tile carpets and storage heating. The floor plates are separated into nine separate offices. Access is provided by a stairwell located to the front of the building. The ground floor comprises five separate retail units to include restaurant, crèche, fitness studio, Montessori and hairdressers. The building is well designed internally, in its purposeful layout and externally with its red brick stone fronted façade. Location The property is situated adjacent Marley Park just off Grange Road in Rathfarnham, Dublin 14. Rathfarnham is a bustling residential suburb, 6.7km from the city centre. The Eden Centre is 3.5km from Dundrum Town Centre, 1.3km from Rathfarnham Shopping Centre and 1.2km from Nutgrove Shopping Centre and is minutes from major transport links including the M50 motorway. The property is located in a prime destination servicing a large catchment of young along with more affluent residential dwellers. Neighbouring businesses include The Eden House/bar & lounge, Massey’s funeral directors, crèche, fitness studio, Paddy Power and more.

Accommodation

The first floor offices include cat 5E cabling, tile carpets and storage heating. The floor plates are separated into nine separate offices. Access is provided by a stairwell located to the front of the building. The ground floor comprises five separate retail units to include restaurant, crèche, fitness studio, Montessori and hairdressers.

Features

Prime mixed use investment just off Grange Road in Rathfarnham Positioned on c.1acre/.40 ha site 64 car spaces to front & side of building Offers huge potential for further extension/development subject to P/P Current passing rent €180,423.00 per annum Gross yield 8.8%, Net initial yield 8.41% assuming standard purchase costs 4.46% Room for uplift on rental income Ground floor retail & first floor offices Excellent asset management opportunities Freehold

BER Details

BER: D2

Viewing Details

By appointment only.

Planning

The subject property is located in an area zoned “LC – To protect, provide for and / or improve local centre facilities” in the South Dublin Development plan 2010 – 2016.

Tenancy Schedule

Ground floor / Retail 5 units €124,865 First floor / Office 9 units €52,558.20 Rear Outside space €3,000 Total €180,423.38 Further details on tenancy schedule available on request.

Accommodation Schedule

c.1,030sq.m / c.11,231 sq. ft. Refer to floor plans for room dimensions Ground floor / Retail 579.73 sq.m / 6240 sq. ft First floor / Office 463.74 sq.m / 4990 sq. ft Total 1043.47 sq.m / 11,231 sq. ft Floor plans available on request

Description

Accommodation

Features

BER Details

BER: D2

Viewing Details

By appointment only.

Planning

The subject property is located in an area zoned “LC – To protect, provide for and / or improve local centre facilities” in the South Dublin Development plan 2010 – 2016.

Tenancy Schedule

Ground floor / Retail 5 units €124,865 First floor / Office 9 units €52,558.20 Rear Outside space €3,000 Total €180,423.38 Further details on tenancy schedule available on request.

Accommodation Schedule