Retail unit up for sale in Goatstown
A retail investment property at 8 Willowfield Park Goatstown, Dublin 14, is for sale with a €150,000 price tag. On the basis of the current rent of €13,000 a year this suggests a gross yield of 8.66pc.
A ground floor own door, end of terrace double fronted retail unit, it extends to 83 sq m (896 sq ft) and is let to GPD Attire Ltd trading as Bond Brothers men's dress hire, for a term of three years from May 2015. The lease is due to expire next May.
Located just off Goatstown Road, it is one of a small parade of shops which have received a new lease of life in recent years following the development of the nearby Trimbleston apartment complex as well as the inclusion of a new restaurant and cycle shop among the occupiers at Willowfield.
Situated 600 metres from Goatstown crossroads and 750 metres from Clonskeagh Village, it also benefits from being just off the main drag on the road connecting Ranelagh, UCD, Sandyford Business District and the M50.
Agent Martin O'Mahony points out that the tenants, who are not affected by the sale, have had occupation of the premises prior to the commencement of the current lease.