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Choice Dublin Road, Clane, Co. Dublin For Sale Investment

Choice Dublin Road, Clane, Co. Dublin
Guide €2,600,000
  • 2,345 sq m

Description

Property Highlights
 
 
Modern retail warehouse investment
 
Approximately 1.61 acre site
 
67 surface car parking spaces
 
Floor area approximately 25,244 sq.ft [2,345 sq.m]
 
Let to Multi-Home Retail Limited T/A Choice
 
Lease expiry 30th April 2041. Tenant break option in April 2031
 
Passing rent of €200,000 per annum
 
Guide Price €2.6m
 
NIY 7% [after standard purchasers’ costs of 9.96%]
 
Attractive capital value of approxinately €103 per sq.ft
 

Overall Property Specification
• Open plan retail warehouse
• Steel portal frame construction
• Concrete block walls
• Double skin insulated metal deck roof incorporating translucent panels
• Concrete ground floor
• Fire detection system
• A/C cassettes (heating & cooling)
• CCTV
• Male & Female W/C on ground and first floor.

 

Retail Area Specification
• Mix of high bay lighting and recessed LED lighting
• Mix of suspended and full height ceilings
• Vinyl flooring
• 13-person lift (1,000 kg capacity)
• Access enabled toilet on ground floor.

 

Warehouse / Loading Area Specification
• Concrete floor
• High bay lighting
• Racking
• 2 roller shutter doors
• Enclosed yard.

Lease Terms

The entire property is let to Multi-Home Retail Limited T/A Choice under a 20-year FRI lease from 1st May 2021. The passing rent is €200,000 per annum.

There is a tenant only break-option in year-10 subject to six months’ notice. Open market rent reviews are applicable in years 6,11 and 16 of the term (2027, 2032 & 2037).

Multi-Home Retail Limited have a Vision Net rating of 90/100 and are considered low trade risk.

Multi-Home Retail Limited operate “Choice” which is an Irish family owned business that has been trading successfully in Ireland for over 45 years and currently operate 11 stores in total throughout Ireland.

Property Size/Area

25,244 sq.ft

Property Status

For Sale

VAT

Refer to selling agent

Energy Performance Indicator
455.51kWh/m2/yr. 0.84kWh/m²/yr
BER Number
800629370
BER Grade

 178 total views

Details

  • Building Age: Modern
  • BER Rating: BER B2
  • Download The%20Choice%20Clane%20Brochure.pdf

Features

  • Available Now
  • Car Parking
  • Transport Links

Location

Street View
Bryan Garry (QRE)

Bryan Garry (QRE)





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