FOR SALE BY PRIVATE TREATY

1 FITZMAURICE ROAD, , 11

MIXED USE INVESTMENT OPPORTUNITY 1 FITZMAURICE ROAD, GLASNEVIN, DUBLIN 11

‘The property offers an investor the opportunity to acquire a mixed use investment with the potential to enhance the rent roll by agreeing new leases with the tenants and letting the vacant unit upstairs or converting into a two bedroom apartment’

EXECUTIVE SUMMARY Mixed Use Investment

Extending to approximately 177.45 sq.m. (1,910 sq.ft.)

Comprising 2 interconnected retail units and a vacant first floor unit Butcher Butcher Current passing rent of €33,540 p.a. with vacant possession of first floor unit

Well located on busy retail parade

Excellent asset management opportunity

Net Initial Yield 7.62%

Tenants Not Affected.

Post Office First Floor Salon 1 FITZMAURICE ROAD, GLASNEVIN, DUBLIN 11

LOCATION Fitzmaurice Road is in the centre of Glasnevin, close to Johnstown Park and The National Botanic Gardens. The subject property is located at the end of prominent retail parade at the junction of Fitzmaurice Road and Road. The area is predominately residential in nature and has an established trade. Surrounding occupiers include Spar, Polished, Haven Pharmacy and Texaco.

DESCRIPTION The subject property is a two-storey mixed use end of terrace property with an extension to the rear which provides access to a small rear yard. The property extends to approximately 177.45 sq.m. (1,910 sq.ft.). The ground floor comprises of a butcher trading as Corrigans Butcher to the front with rear preparation and fridge storage area. The post office is accessed through the butcher with a cashier counter to the front and administrative offices to the rear. NB. For identification purposes only The first floor which has separate off street access was previously occupied by a beauty salon and has the ANNUAL benefit of vacant possession. This unit could be easily TENANT GIA SQ.M. GIA SQ.FT. converted to 2 bedroom residential accommodation RENT € S.P.P. Butcher 88.91 957 € 22,800.00 TENANCY The property is currently occupied on the ground floor An Post 31.75 342 € 10,740.00 by Corrigans Butcher and an individual trading as Vacant First An Post. We understand that Corrigans butcher is 56.80 611 - Floor overholding on an expired 35 lease from Dec 1982. The post office tenant is in occupation under terms Total Area 177.45 1910 € 33,540.00 unknown. The combined rent is €33,540 per annum. 1 FITZMAURICE ROAD, GLASNEVIN, DUBLIN 11

TITLE SOLICITOR Freehold. Donal Walshe Byrne Wallace Solicitors GUIDE PRICE 8 Harcourt St, Saint Kevin’s, Dublin, D02 DK18 €400,000.

AGENTS DETAILS NET INITIAL YIELD QRE Real Estate Advisers 7.62%. Brian Kelly BSc Hons E: [email protected] VAT M: +353 (0) 87 3374 933 The sale is VAT Exempt. Bryan Garry MRICS MSCSI E: [email protected] VIEWINGS M: +353 (0) 83 3918 649 Strictly by appointment with sole selling agents. qre.ie

BER

BER No: 800763757 Energy Performance Indicator: 900.5 KWH/M²/YR3.14.

PSRA Registration No. 003587 The agents on their own behalf and on behalf of the vendor/lessor of this property, give notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither the agents nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness.