16 17 Fashion City, Ballymount Road Upper, Ballymount, Dublin 24, Ireland

Details

FOR SALE BY WAY OF ONLINE AUCTION

BRIEF DESCRIPTION: The property comprises a fully let, two-storey mid-terrace industrial / showroom premises extending to approximately 1,657.92 sq m / 17,847 sq ft GIA.

The accommodation is arranged across ground and first-floor levels and is currently configured to provide a mix of retail, showroom, retail warehousing and ancillary accommodation. The ground floor is largely occupied by a number of tenants, with rear service/delivery access arrangements. The first floor consists of a new lease in its entirety to the Beauty Suite Limited resulting in no vacancies and an increased rent roll.

The property presents as a multi-let investment with an existing income stream and further asset management potential. The property is currently producing approximately €200,123 per annum, giving interested parties the chance to acquire a prominent retail/warehousing opportunity which is fully let and income producing.

TENANCY OVERVIEW: The property is currently multi-let to several occupiers. The ground-floor accommodation is well let, with occupiers including Fairy Godmother, Halpenny Golf and Jessica Graaf. The entire first floor is let in its entirety to The Beauty Suite Limited under new lease terms at €90,000 per annum, hence eliminating all vacancies from the opportunity.

The leases are generally short-term in nature, which may appeal to investors seeking an income-producing asset with reversionary potential, as well as owner occupiers who may seek access to part or all of the building over time, subject to lease terms and legal advice.

***FOR FURTHER INFORMATION AND QUERIES PLEASE REFER TO THE SOLE SELLING AGENT BDM PROPERTY. ***

Rooms

| Ground Floor | Dimensions | | :-------- | :--------: | | Other
Ground Floor Unit 1 - Fairy Godmother Size - 218.37 sq m / 2,351 sq ft Lease Terms - 4 years 9 months from 1 November 2025 Break Option - N/A Rent - €36,000 rising to €39,000 p.a. from 1 November 2027 | 0x0ft² | | Other
Ground Floor Unit 2 - Halpenny Golf Size - 159.84 sq m / 1,721 sq ft Lease Term - 4 years 9 months from 1 May 2025 Break Option - In 18 months and year 3 Rent - €26,123 p.a. | 0x0ft² | | Other
Ground Floor Unit 3 - Jessica Graaf Size - 411.94 sq m / 4,434 sq ft Lease Term - 4 years 9 months from 15 November 2024 Break Option - Up to the second year of theterm, subject to 3 months’ notice Rent - €48,000 rising to €50,000 p.a. in years 3 and 4 | 0x0ft² |

| 1st Floor | Dimensions | | :-------- | :--------: | | Other
First Floor Entire - The Beauty Suite Limited Size - 867.77 sq m / 9,341 sq ft Lease Term - 4 years 9 months (new lease) Break Option - N/A Rent - €90,000 p.a. | 0x0ft² |