Tuesday 17 September 2019

Donnybrook site with future scope for residential development at €5m

The corner site on Donnybrook Rd
The corner site on Donnybrook Rd
Ronald Quinlan

Ronald Quinlan

Bryan Molloy of agent Kelly Walsh is seeking offers in excess of €5m for a prime investment opportunity with significant medium-term development potential located at the heart of Donnybrook, Dublin 4.

The subject site is located on a corner site with dual frontage onto Donnybrook Road and Brookvale Road which connects into Eglington Road. The site, occupied currently by two tenants - Ard Services Ltd t/a Circle K and First Stop Tyres - is zoned Objective Z4 (Mixed Services).

The Circle K service station sits on 0.26 acres (0.11 hectares) with a large canopy covered forecourt and retail shop. This property is let for a term of 10 years from May 2014 at an annual rent of €165,000. There is a rent review due in May 2019 which presents excellent reversionary potential.

The additional commercial unit of approximately 354 sq m (3,810 sq ft) adjoining the service station and occupied by First Stop Tyres also forms part of the sale.

Bryan Molloy says: "This is an exceptional opportunity to acquire a trophy investment in the heart of Donnybrook with excellent medium-term development potential, subject to planning permission. Donnybrook is well established as one of south Dublin's premier residential addresses with a demonstrated ability in achieving strong sales results."

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