Blackrock for €425k
Published 17/11/2016 | 02:30
An attractive retail investment on Temple Road, Blackrock, Co. Dublin, is to be offered for sale from today through QRE Real Estate Advisers.
Numbers 2, 4 and 6 Temple Road are arranged to provide a two-storey building extending to a floor area of approximately 145 sq m (1,562 sq ft).
The ground-floor unit is in use as a hair salon and is let to Brian Roberts Ltd for a term of 35 years from August 1995 at an annual rent of €27,500 per annum. The lease provides for rent reviews every fifth year. The first floor provides open-plan office accommodation and is being sold with vacant possession.
Ellen Prenderville of QRE Real Estate Advisers is quoting €425,000, which provides a net initial yield of approximately 6.2pc on the current income.
There is potential for this to increase with the letting of the first floor.
Each unit benefits from independent access and enjoy a high level of footfall.