Two properties in Dublin could appeal to modest investors
Two Dublin properties have come onto the market that may appeal to modest investors, one in Ballymount and the other in Dún Laoghaire town centre.
The former at Calmount Business Park, Dublin 12 consists of three multi-tenant terraced commercial units.
Agents Savills are estimating €1.85m for the units in E2, E3, E4 Block E, Calmount Business Park totaling 13,896 square feet.
They are occupied by five tenants who generate an annual income of 111,000 euros. According to Billy Flynn of Sales Agent Savills: “The three properties offer a highly reversible net initial yield of 5.46 per cent. The five leases also offer investors the opportunity to maximize returns through strategic asset management in a well managed business park.”
The units consist of a mixture of office and light industrial space with a headroom of 6.55 m and access through two roller doors.
Block E Calmount Business Park is 1km from Junction 10 Ballymount on the M50 motorway which offers quick access to Dublin Port, Dublin Airport and all of Dublin’s main roads.
Calmount Business Park is home to six office blocks and light industrial units and is approximately 7.5 km south-west of Dublin city centre. The area is well connected with various bus lines and the Luas red line in the locality.
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The property at the end of the terrace at 95 Upper George’s Street, Dún Laoghaire
The second plot occupies a prominent position at the end of the terrace at 95 Upper George’s Street, Dún Laoghaire, adjacent to Haigh Terrace leading to Dún Laoghaire Marina.
Savills expects 775,000 euros for this.
It is completely vacant and comprises an imposing two storey basement building totaling 309 m² (3,325 sqft) on a 0.1 hectare lot which includes secure off-street parking for six cars to the rear.
Savills’ Stephen McCarthy said the property could appeal to investors or owner-occupiers looking for a distinctive commercial property in the center of Dún Laoghaire.
“It could also accommodate an expansion of the ground floor and upper floors, as well as alternative uses including residential use, which are in the pipeline,” he added.
https://www.independent.ie/business/commercial-property/two-dublin-properties-could-appeal-to-modest-investors-42314221.html Two properties in Dublin could appeal to modest investors
