47 & 47a, Castle Street, Dalkey, Co. Dublin
-
Auction
- Lot 229
- Ireland
- Retail
- Commercial
Sold for €600,000
Property Summary
- A restaurant investment.
- Comprising ground and first floor restaurant accommodation.
- Extending to approximately 337 sq. m (3,627 sq. ft).
- Let to an individual t/a Benito's.
- Lease expiry 2039.
- Situated on the main thoroughfare in Dalkey.
- Contractual rent reserved €120,000 per annum (for entire).
- Current rent received €51,000 per annum.
- Net initial yield 7.7%.
- For the avoidance of doubt the entire property is not included. The entire building comprises 46, 47 and 47a however 46 is not included in the sale. Please refer to the legal documents for further clarity.
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Property description
The subject property is arranged over ground and first floors to provide a restaurant building. Internally the property comprises seating, kitchen and storage accommodation. For the avoidance of doubt the entire property is not included. The entire building comprises 46, 47 and 47a however 46 is not included in the sale. Please refer to the legal documents for further clarity.
Total floor areas extending to approximately 337 sq. m (3,627 sq. ft).
Tenancy
The entire property is at present let to an individual t/a Benitos for a term of 35 years from 08.03.2005 at a contractual rent of €120,000 per annum, exclusive of rates and VAT. The lease provides for rent reviews every fifth year and contains full repairing and insuring covenants.
Please Note - We have been informed by the Vendor that the current rent received is €51,000 per annum. Please refer to the legal documents for further information.
VAT
BER Rating
BER Identification Number
Available From Bidx1
Energy Performance Indicator
891.29kWh/m²/yr1.33 - 832.88 kWh/m²/yr
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*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 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.
