Matt Dunne & Associates
Main Street, Portarlington, Co. Laois - Phone: 057 8623349 - Email: info@mattdunne.ie 
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Property Details - Investment Property, Dublin 9, Dublin
 

Title:
Investment Property
247 Swords Road
Santry
Dublin 9
Dublin 9
Dublin
Price:
€ 550,000
Property Status: Sold
Sale Method: Auction
BedRooms: 2
Services/Inclusion:
- Mains sewerage - Mains electricity - Mains water - Air conditioning / electric central heating
Summary:
Lot 1:
Ultra modern betting office with state of the art equipment and technology.
Note: Paddy Power have been occupiers of this unit since 2006 (Original rent €50,000 p.a.) and they recently signed a new 10 year lease with standard break clause in year 5. I'm informed from within PP PLC that this is a highly thought of shop and excellent turnover.

A Strong Covenant:
During 2016 Paddy Power merged with the online betting operator Betfair and completed a successful €7 billion merger. Recent reports indicate that turnover and profits have increased dramatically. The gross profit for the company currently now stands at c. €800 million.

The Lease:
9 years 9 months from 1st day of August 2016 with the rent paid quarterly in advance.

Commercial rates:
€5,650 per annum

BER Rating: B2 BER No: 800521528

Apartment Accommodation (First Floor):
Independent access from the side of the building. Stairs to spacious corridor.
Floor area: c. 450ft2.
Kitchen / dining area: 15'4'' x 10'2'' - modern kitchen units, fully fitted with white goods, dining bar counter, laminate floor
Bedroom 1: 15'4'' x 11'4''- double mirrored wardrobes, laminate floor
Bedroom 2: 8'4'' x 8'4'' - double mirrored wardrobes, laminate floor
Bathroom: Double shower with electric Triton T90, fully tiled throughout, whb, wc. Access to attic which could be converted to more usable space
Separate WC: Off corridor
Door to Utility room: Plumbed, complete with washing machine & condenser dryer
Hot press: With dual immersion & cylinder

The Lease:
12 months commencing 28th January 2017. Security deposit €1,400. Rent in advance €1,400 per month.

BER Rating: F BER No: 109190280

Outside details:
Access from side entrance to concrete yard. Suitable for wheelie bins, etc.

Services:
- Mains electricity - Mains sewerage
- Gas fired central heating - Mains water
Lot 2:
Single storey shed, galvanised roof. Ideal for redevelopment subject to obtaining the necessary planning permission from Dublin County Council.
31'4'' x 20'3'' (9.6m x 6.2m)รƒยข€ร‚ยฆ c. 60m2
Guide Price €50,000
Lot 3: The Enture

Main Attributes:
- Fantastic location
- Excellent condition throughout
- Fire alarmed, both ground & first floor
- Sky TV & broadband
- uPVC double glazed windows throughout
- Right of Way through 'The Comet' car park
- Rear shed ideal for development i.e. residential unit or commercial


Solicitors having carriage of sale: Fitzpatrick Gallagher McEvoy Solicitors
FAO Peter McEvoy
Orby Chambers, 7 Coke Lane, Smithfield, Dublin 7


VIEWING STRICTLY BY APPOINTMENT ONLY
WITH SOLE SELLING AGENTS
MATT DUNNE & ASSOC. RICS SCSI
(057) 8623349
Licence Number 002572
These particulars are for guidance only and do not form any part of contract. While care has been taken in their preparation, we do not hold ourselves responsible for any inaccuracies that may occur. They are issued on the understanding that all negotiations will be conducted through this firm.
Description:
Beautifully presented parade of shops with customer parking to the front. Occupiers include Life Pharmacy, 'The Comet Pub', Carry Out, and Paddy Power. Densely populated area. Each shop is trading successfully. Total rent €47,800 per annum. Recently refurbished 2 bed apartment overhead. Further development potential in rear yard.

Guide Price €550,000
Yield of 8.69% p.a. gross



Property Pictures




 


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