Lot 200 Retail Investment at Marlfield Mall, Tallaght, Dublin 24

Bidding Closed

SOLD FOR

€950,000

Property Enquiries

Richard Hoey

richard.hoey@bidx1.com

Viewing Registration / Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

David Alexander

dalexander@rutherfords-solicitors.ie
+353 (0)1 6616466
Description
Map
Viewings

Property Summary
  • A multi-unit retail investment.
  • Comprising four ground floor retail units. 
  • Extending to approximately 1,093 sq. m (11,767 sq. ft) in total.
  • Unit 5 - 6 let to an individual t/a  Nua Hair & Beauty. 
  • Lease expiry 2023
  • Unit 7, 14-16 let to Corajio Unlimited Company t/a Mr Price
  • Lease expiry 2038
  • Unit 17-18 Let to an individual t/a Diegos Takeaway
  • Lease expiry 2027
  • Total current rent reserved €131,370 per annum with vacant possession of unit 3-4.
  • NIY of 12.57% 
Location
  • Tallaght is the largest town in South County Dublin with a population of approximately 71,000 people (as of the 2016 Census).
  • Transport links in the area include the M50 Motorway and the N81 immediately to the east and the N7 to the north.
  • Public transport is facilitated by the Luas Red Line and a number of bus routes.
  • The property is located in Marlfield Mall which can be accessed via Kiltipper Way and the N81.
  • Surrounding occupiers include Kiltipper Cafe Bar and Cocoon child care 
Description

The property is arranged over ground floor only to provide four retail investments. The property forms part of a wider mixed use development over ground and two upper floors.

VAT
Please refer to Legal Documents
Property Table
Total 1,093 sq. m(11,767 sq. ft) €131,370  p.a. 
UnitTenantSq. m(Sq. ft)Lease termsCurrent Rent € p.a.
Unit 5-6Individual t/a Nua Hair & Beauty 114 sq. m(1,227 sq. ft)5 years from 1st November 2018€15,000 p.a.
Unit 3-4 Vacant105 sq. m(1,130sq, ft)NA-
Unit 7 & 14-16Individual t/a Mr. Price743 sq. m(7,997 sq. ft)20 years from 1st August 2018

 

€79,970 p.a.
Unit 17-18Individual t/a Diegos Takeaway131 sq. m(1,413 sq. ft)10 years from 10th October 2017€36,400 p.a.
BER
Number

Available From Bidx1

Energy Performance Indicator

420.72 kWh/m²/yr - 289.15 kWh/m²/yr


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