Tuesday 17 October 2017

Restaurant on North Circular Road for €450k

AN Investment opportunity on Dublin's North Circular Road is being offered for sale with a €450,000 asking price.

Located in the busy suburb of Phibsborough, within 500 metres of Mount Joy Prison and the Mater Hospital, 375 North Circular Road is a 200sqm terraced property comprising a fully fitted ground floor restaurant/ takeaway with three residential units overhead.

Agents Bannon say the 123sqm restaurant is currently held on a short term lease producing a rent of €35,000 per annum with vacant possession available, should it be required.

The residential units are all occupied and producing a rent of approximately €15,000 per annum.

Daniel Mc Laughlin from Bannon says the property could appeal to a range of investors or owner occupiers in the food business as the restaurant has high specification fit-out.

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