Unit 267 Investment Yield, C. 10 3% At The Square Shopping Centre, Tallaght, Dublin D24

Offers over €340,000

Retail For Sale

Offers over €340,000

Retail For Sale

Price Offers over €340,000
Style Retail
BER Rating
Status For sale

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Additional Information

Additional Information

Property Overview

Excellent Investment Opportunity - Tenant Not Affected

Offered at bids over €340,000 in partnership with IAM Sold

We are delighted to offer this strong investment opportunity to the market which has been tenanted on a 10 year lease from the 1st October 2016 with an annual rent of €35,000 pa. The property comprises a retail unit of circa 478 sq. ft.. (44 sq. m). The reserve of €340,000 offered a gross yield of 10.29 % which reflect an excellent return on investment.
Located in a high-profile location with excellent frontage in the main atrium on Level 2 of The Square Town Centre, Tallaght. This unit itself is fitted out to a high standard and presents a strong investment opportunity.

The lease incorporates an open market rent review with the first review is due on the 1st October 2022 and includes a tenant break option. The tenant is a fashion retailer which have 4 fashion outlets in Dublin.

Location
Located in The Square Tallaght, the unit benefits from being in one of the longest established shopping centres in Ireland and incorporates over 575,000 sq. ft of pace over 3 levels. There is a strong annual football of 22.2 million.

The Square Towncentre is located in Tallaght, a densely populated urban conurbation which serves as a commuter suburb southwest of Dublin City Centre. Tallaght is the third-largest population centre in the country larger than the cities of Galway, Limerick, Waterford and Kilkenny.

It is a major commercial hub and social activity centre of west Dublin. The Square is the retail and leisure hub for the entire Tallaght area and is the de facto town centre where people live, work and shop. This is reflected in the significant volume of visitors with annual door counts of 22.2 million and car park numbers of 4.64 million.

South Dublin County Council, the public library and all the government services for the town are adjoining the centre. Tallaght Hospital employing 3,000 people and the TU Dublin Tallaght Campus (3,700 students) are both within a five-minute walk of the centre

BER C2 / BER No. 800376436

Starting Bid and Reserve Price

*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.

Auctioneer's Comments

This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.

Building Energy Rating (BERs)

Building Energy Ratings (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Particulars

Property Particulars

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BER Details

BER Rating:

BER No.: 800376436

Energy Performance Indicator: Not provided

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Property Statistics

Total Views

(since advertised)

129

Listing Views

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