Details
Viewings
Property Summary
  • An extensive mixed use investment.
  • Comprising 6 retail units and 5 x offices.
  • Extending to approximately 1,899 sq. m (20,441 sq. ft).
  • Retail unit 1 let to Paddy Power.
  • Lease expiry 2032.
  • Retail unit 2-5 let to Gourmet Food Market.
  • Lease expiry 2032.
  • Office unit 1 let to HSE.
  • Lease expiry 2021.
  • Reversionary potential.
  • Vacant possession of 1 x retail unit.
  • Retail - Paddy Power & Gourmet Food Market – Current Reserved Rent €108,300 per annum.
  • Office - HSE, Flexsource (CPL), Gourmet Food Market, Connect Serviced Offices – Current Reserved Rent €131,000 per annum.
Location
  • Swords is a Co. Dublin commuter town.
  • The town is situated approximately 14km north of Dublin city centre.
  • Transport links are provided by the M1 motorway which runs directly to the east of the property, Dublin Airport is approximately 6km to the south, with the Port Tunnel 8km to the south.
  • The property is situated on the western side of Main Street, at its junction with Balheary Road.
  • Surrounding occupiers include The Estuary Public House, Carnegie Court Hotel and Mitsubishi Motors.
Description

The property is arranged over ground and first floor to provide a mixed use building. Internally the property provides 6 x ground floor retails units and 5 x first floor offices. The property forms part of a wider mixed use building arranged over ground and three upper floors.

VAT
Please refer to the legal documents.
Accommodation & Tenancies
No Present Lessee Accommodation Sq.m (Sq.Ft) Lease Terms Current Rent Reserved € p.a.
    Total 1,899 sq.m  (20,441 sq. ft)   €239,300 p.a 
1 Paddy Power Retail 114 sq.m  (1,227 sq. ft) 25 year lease from 16th November 2007 €30,000 p.a 
2-3 Gourmet Food Market Co. Limited Retail 369 sq.m  (3,972 sq. ft) 25 year lease from 1st January 2007 €48,300 p.a 
4-5 Gourmet Food Market Co. Limited Retail 369 sq.m  (3,972 sq. ft) 17 year lease from 1st January 2015 €30,000 p.a 
6 Vacant Retail 73 sq.m  (786 sq. ft) - -
1 Health Service Executive  Office 161 sq.m  (1,733 sq. ft) 5 year lease from 18th October 2016 €25,000 p.a 
2 Gourmet Food Market Co. Limited Office 139 sq.m  (1,496 sq. ft) 16 year lease from 1st January 2016 €14,000 p.a 
3 Connect Serviced Office Limited  Office 331 sq.m  (3,562 sq. ft) 10 year lease 1st December 2017 €12,000 p.a
4 Connect Serviced Office Limited  Office 221 sq.m  (2,379 sq. ft) 10 year lease from 25th Novmber 2016 €30,000 p.a 
5 Flexsource Solutions Ltd (C.P.L.) Office 122 sq.m  (1,312 sq. ft)

Informal tenancy

Implied quarterly tenancy

€50,000 p.a
BER No.

Available from BidX1

Energy Performance Indicator

628.52 kWh/m²/yr
0.95 - 1135.51 kWh/m²/yr
3.32



No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

BIDDING HAS CLOSED
Sold for €2,300,000
Bid History 1
Bidder Amount Date
Bidder 20289 €2,300,000 15/11/2018 10:17:12
Viewings & Registration Enquiries
BidX1 Support Team
info@bidx1.com
+353 (0)1 667 3388
Useful links
Property Enquiries
Anna-Kate Fields
anna-kate.fields@bidx1.com
+353 (0)1 667 3388
Vendor Solicitor
Neil Dineen
ndineen@mcdowellpurcell.ie

 

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