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37 Main Street Blackrock, Blackrock, Co. Dublin


Price
€1,800,000

Type
Commercial

Status
For Sale

Size
405 sq.m.

Description

INVESTMENT OPPORTUNITY ” TENANTS NOT AFFECTED

Quantum Property Consultants bring to the market this excellent investment opportunity located at 37 Main Street, Blackrock, Co. Dublin.

This well presented 3 storey over basement property consists of ground floor retail with 1,400 sq. ft. of retail space and 1,400 sq. ft. of basement, 2 x 2 bed apartments each 560 sq. ft. and 1 x 1 bed apartment circa 440 sq. ft. in size. The total size of the building is circa 4,360 sq. ft.

The ground floor retail area and basement area is let out to Sandgrove Ltd, part of the BWG (Spar) Group of companies. The Sandgrove lease expires on August 30th, 2026. The commercial annual income is 90,000. An Apache Pizza Franchisee has been a sub tenant of Sandgrove Ltd. and have been operating in the premises since 2013 approx.

These apartments are well-maintained and attractively designed, offering comfortable living spaces for tenants. Apartment 1, a 2 bed, is producing 1,860 per month (22,320 pa), Apartment 2, a 2 bed, is producing 1,717 per month (20,604 pa) and Apartment 3, a 1 bed, is producing 1,296 per month (15,552 pa). The residential annual income is 58,476.

Total Rent 148,476 pa. Gross Yield 8.2% before standard purchase costs.

Rates are approx 9,639 & Insurance is approx 1,750.

LOCATION

37 Main Street is one of the best located buildings in Blackrock, enhancing its investment appeal. Blackrock is a busy and vibrant village in one of DublinTM most affluent areas. Dublin City is approximately 8KM and can be accessed along the Coast Road or by the DART line, where Blackrock station is only a couple of minutesTMwalk away from the subject building. No. 37 also has a Quality Bus Corridor on its doorstep on the N31 & R118.

The redeveloped Blackrock & Frascati Shopping Centres are both located within a few hundred meters. Blackrock is a vibrant village full of eateries and bars and bespoke shops.

The surrounding area benefits from strong public transport links with the property located 50 meters from the N31 and 3km from the N11. Both roads are key routes that give access to the North & South of County Dublin.

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