11 Coolmine Industrial Estate,
Dublin 15
11 Coolmine Industrial Estate,
Dublin 15
€900,000
Summary
- Sold After Auction
- A High Yielding Retail Warehouse Investment
- Extending to Approximately 482 sq.m (5,188 sq. ft)
- Let to Warsaw Retail Ltd T/A Polo Stores
- Lease Expiry 2029 (no breaks)
- Current Rent Passing €85,000 p.a.
Location
- Dublin Airport: 19km (c. 26 mins drive)
- J6, M50: 3.1km (c.10 mins drive)
- Blanchardstown Centre: 2.6km (c. 11 mins drive)
- J3, N3: 2.4km (c. 10 mins drive)
- Dublin City Centre: 13.2km (c.36 min drive)
The property is situated off Porters Road to the Blanchardstown Road side of Coolmine Industrial Estate. The property is well-located for all major transport hubs, with easy access to the M50, Dublin Port Tunnel and Dublin Airport. The immediate surrounds of the property provide a hive of activity, with a significant populace residing in close proximity to the estate.
About
The property comprises an end-of-terrace retail warehouse extending to approximately 482 sq. m (5,188 sq. ft). The entire is of concrete frame construction with shared car spaces to the front and side of the property. The property is currently in use as an Eastern European Supermarket. Internally, the property provides a customer sales area and storage.
N.B.: Prospective purchasers should satisfy themselves with the accuracy of all distances and measurements quoted.
Tenancy
The entire property is let to Warsaw Retail Ltd T/A Polo Stores, under a 25-year term from 1st March 2004, at a current rent of €85,000 p.a. exclusive of VAT, rates and service charge. The lease provides for repairing and insuring terms together with upwards only rent reviews every 5 years. The lease provides tenant break options in years 3, 6, 9 & 12, all of which have expired.
Tenant Information
Warsaw Retail Ltd. have a Vision Net rating of 100/100 and are considered low trade risk.
VAT
Awaiting confirmation of VAT treatment.
BER
Ber Number - 800834871
Energy Performance Indicator - 344.87 kWh/m²/yr 0.82
Contacts
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Managing Director
Richard O'Neill
Professional
Advice &
Investment Expertise
Disclaimer
The particulars of sale and brochure have been prepared by Artis Property Management Ltd on behalf of the Vendor. The content within the sales particulars, brochure, and any advertisements produced by third parties are for guidance purposes only, as such Artis is not held liable for any inaccuracies. Prospective bidders should note that maps are not to scale, and any figures quoted such as but not limited to measurements, distances, rents paid/payable, and dimensions are approximate, and quoted on the understanding that the prospective bidder will undertake their own due diligence to verify such matters. For the avoidance of doubt, this brochure and any related marketing materials will not form part of any Contract for Sale. All Guide and Sale Prices quoted are exclusive of VAT unless otherwise stated. In the event that the subject property is listed for sale via auction, then the sale is as scheduled unless sold prior or otherwise withdrawn. The scheduled auction date and time may be subject to change. Auction guide prices are set as an indication of where the reserve is set, the reserve price is the minimum price at which the property can be sold at the auction. The reserve be may set separately to the guide price, both the reserve price and guide price are subject to the change.
Artis PSRA Licence Number: 004063
