30 Kill Avenue, Dun Laoghaire, Co Dublin, A96 CA48

Similar type properties required for the many CASH underbidders that we had for this property.   If you are considering selling your commercial property contact Martin O’Mahony on 01 298 3500 / 087 255 1403 for an immediate response.

Excellent Freehold Investment Opportunity

TENANT NOT AFFECTED

Detached two storey commercial building

• Parking area to front
• Total GIA c. 505 sq.m. (c. 5,435 sq.ft.)
• Let to a single tenant on a 10 year FRI lease from 1st April 2023
• Five yearly reviews of rent
• Tenant break option at end of year 5
• Current Rental Income €70,000 p.a.
• Excellent readymade Investment Opportunity
• We are advised that no VAT is payable on sale price
• We are advised that Title is Freehold

Location 

Located in a prominent position on Kill Avenue, Dun Laoghaire, Co Dublin, with excellent road frontage in a densely populated South Dublin suburb. Kill Avenue is an artery road leading from Bakers Corner to Dun Laoghaire.

Description

The property comprises a two storey detached commercial building with parking area to the front of the building.

Tenancy Information

The entire is let to a Fitness Studio trading as Anytime Fitness Health Club on a 10 year FRI lease from 1st April 2023 at a rent of €70,000 per annum, with 5 yearly reviews of rent, and with a tenant break option at the end of year 5.

The existing tenant previously held a similar 10 year lease to this property from 1st April 2013 to 31st March 2023.

Prior to occupation as a Fitness Studio, the property traded as a garage showroom and held a motor franchise dealership. Planning approval was obtained for the change of use to a Fitness Studio.

Accommodation

The entire property extends to a GIA c. 505 sq.m (c. 5,435 sq.ft.) including c. 56 sq.m (c.600 sq.ft) of first floor offices.  Car parking is available to the front of the building.

VAT

We are advised that VAT will not apply to the sale price.

Title

We are notified that the Title is Freehold.

Viewing

Strictly and only by prior appointment with our office.