Lot 19
Auction
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Mixed Use Investment at Townyard Lane, Malahide, Co. Dublin,

Auction
Ireland
Mixed Use
Commercial

The auction has ended

Final bid €457,000

Property Summary

  • A mixed use investment.
  • Comprising a ground floor retail unit together with two apartments overhead.
  • Extending to approximately 177.48 sq. m (1,910 sq. ft).
  • Apartment 3 let under a residential tenancy.
  • Apartment 7 let under a residential tenancy.
  • Significant reversionary potential.
  • Much sought after location.
  • Total current rent reserved €24,687 per annum with vacant possession of ground floor retail unit.
  • Net initial yield 4.94%.

Contact Us

Gillian Earley

Registered Surveyor, here to help.

Contact Us

Gillian Earley

Registered Surveyor, here to help.

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Property description

The property is arranged over ground and two upper floors to provide a mid terrace mixed use building. Internally the property comprises a ground floor retail unit, formerly used as a supermarket, together with a first floor one bedroom apartment and a second floor two bedroom apartment. Please note the second floor apartment is located to the rear of the building.

Location

  • Malahide is an affluent north Dublin suburb with a population of approximately 15,000 (as of the Census 2016).
  • The area is situated approximately 16km north of Dublin city centre and and approximately 8km south east of Dublin Airport.
  • The area is served by the R107 Malahide Road providing access to Dublin city centre and the M50 motorway is accessible via Junction 2.
  • Public transport is provided by the Dart and a number of Dublin bus routes.
  • The property is situated on Townyard Lane in the centre of Malahide.
  • Surrounding occupiers include Super Valu and The Greedy Goose.

VAT

Please refer to Legal Documents

Tenancy Schedule

FloorPresent LesseeAccommodationSq. mSq. ftLease termsCurrent rent reserved p.a.
GroundVacantRetail54 sq. m(581 sq. ft)-
FirstAn individualTwo bedroom apartment74.6 sq. m(803 sq. ft)Residential tenancy€12,480 p.a.
SecondAn individualOne bedroom apartment48.88 sq. m(526 sq. ft)Residential tenancy€12,207 p.a.
  Total177.48 sq. m(1,910 sq. ft) €24,687 p.a.

*Terms & Conditions

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 interested parties 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.

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