Lot 62 Ely House, Nutgrove Avenue, Rathfarnham, Dublin 14, .

Bidding Closed

SOLD FOR

€1,953,000

Property Enquiries

Thomas O'Dowd

thomas.odowd@bidx1.com
+353 (0)1 566 8378
+353 (0)86 773 6905

Viewing/ Registration Enquiries

BidX1 Support Team

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

Vendor Solicitor

Paul Lilly

plilly@osmpartners.ie
+353 (0)1 691 5900
Description
Map
Viewings

Property Summary
  • A commercial investment.
  • Comprising an office building, number of warehouses and site.
  • Building floor areas extending to approximately 1,002 sq. m (10,785 sq. ft).
  • Zoned R2 Existing Residential.
  • Potential for re-development (subject to obtaining all necessary planning consents).
  • Subject to 14 x tenancies.
  • Total current rent reserved €100,920 per annum with vacant possession of 2 x unit.
  • Net initial yield 9.2%.
Location
  • Rathfarnham is a south Dublin suburb situated south of Terenure and north of Dundrum.
  • Dublin city centre is situated approximately 6km to the north.
  • The M50 Motorway is situated approximately 5km to the south west, and is accessible via Barton Road East and Ballinteer Road.
  • The property is situated on Nutgrove Avenue close to its junction with Grange Road.
Description

The property is arranged to provide a commercial development. Internally the property comprises an office building, number of warehouse buildings and site.

Total building floor areas extending to approximately 1,002 sq. m (10,785 sq. ft).

Zoning

Under the Dun Laoghaire Rathdown Development Plan 2016 - 2022 the subject lands are zoned R2 - Residential 'To protect and-or improve residential amenity'.

VAT
Please refer to Legal Documents
Property Table
BuildingOccupiedLease TermsCurrent Rent Reserved € p.a.
Ely House7 / 8 rooms occupiedInformal tenancies€39,240 p.a.
External Units (1-6)Fully occupiedInformal tenancies€31,680 p.a.
Car Wash SiteFully occupiedOverholding€30,000 p.a.
   €100,920 p.a.

 

BER
Number

Available From Bidx1

Energy Performance Indicator

1079.36 kWh/m²/yr1.02 - 1484.94 kWh/m²/yr9.01


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.


Contact Thomas about this property