14 Main Street
Rathfarnham, Dublin 14
Sold
Guide Price €510,000
Property Highlights
- Two-storey plus annex mix use investment
- Extending to approximately 137 sq.m. (1,478 sq.ft)
- Excellent main street location
- Fully occupied with a passing rent of €42,000 per annum
- Guide Price €510,000
- Net Initial Yield of 7.49% (after standard purchaser costs of 9.96%)
- Attractive capital value of €345 per sq.ft.
- Tenants not affected.
Property Location
The subject unit is located on the Main Street, in the heart of Rathfarnham Village, Dublin 14. Rathfarnham is a densely populated and affluent suburb of Dublin and together with the adjoining suburbs of Rathgar, Terenure and Templeogue has a combined population in excess of 77,000 people. Rathfarnham is situated approximately 6.8km south of Dublin City and 4km northwest of Dundrum.
The main street comprises of a thoroughfare of shops, restaurants, businesses and private dwellings. The subject property is situated on the western side of the Main Street. Neighbouring occupiers include
Rathfarnham Post Office, Dehli Lounge Indian restaurant and an additional Lily Pad Montessori.
The area is well served by public transport with numerous Dublin Bus routes in the area. Junction 11 of the M50 is a 10 minute drive from the property.
Property Description
The subject property consists of a two storey, plus annex, mix use investment extending to approximately 137 sq.m. (1,478 sq.ft).
Externally the property presents a mix of timber framed retail glazing at the ground floor level, with a red brick facade at first floor level alongside two double glazed windows. The ground floor Montessori benefits from rear access to Dodder Dale lane via enclosed rear yard. The upper floors are accessed independently from the ground floor of main street Rathfarnham.
Internally, the ground floor comprises a trading Montessori. The first floor through to the converted annex is occupied by a fully operational Physio Therapy Clinic.
Property Size/Area
137 sq.m. (1,478 sq.ft.)Property Status
SoldBER Details
Property Location
Documents
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Jonathan Donnelly
Surveyor
Jonathan joined QRE in 2021, after graduating from Technological University Dublin with a BSc (Hons)... View More
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Jonathan Hillyer
MRICS MSCSI
Consultant Investment & Advisory
Jonathan has 20 years’ experience in the Irish commercial property market. He is a recognised expert... View More
+353 86 067 7747
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Bryan Garry
MRICS MSCSI
Director Investment
Bryan has over 13 years of experience in the Irish commercial property market. As Director of the In... View More
+353 83 391 8649
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