8 Ballymount Court, Ballymount Road Lower, Walkinstown, Ballymount, Dublin

Investment Opportunity

Description

Prime investment opportunity with current income of €10,200 per annum and €11,400 per annum from September 2015 to September 2020 by way of 5 year lease. No. 8 Ballymount Court is an end of terrace industrial unit with front and rear aspect currently occupied by Industhan Foods. The property has a Gross External Area of c.116.50sqm (c.1254sqft).

The ground floor is bright and open plan and is set out as kitchen and associated fridges/freezers and storage. There is an office at first floor level which has aspect to the parking area to the front of the property. Features of the property include gas fired central heating, double glazed windows and fluorescent tube lighting.

Access to the front of the unit is via a pedestrian doorway and there is also the benefit of a manually operated roller shutter for vehicle loading (approximately 3.5 metres high and 3.4 metres wide). There is also pedestrian access to the rear of the property. Access between ground and first floors is via a concrete stairwell. The property has 2 designated parking spaces to the front and 1 designated parking space to the rear.

Location

The business park in which the property is located is known as Ballymount Court Business Centre and is situated on the south side of Ballymount Road Lower, which runs west from the Walkinstown Roundabout in south west Dublin city. The surrounding uses on Ballymount Road Lower are primarily commercial/industrial in nature. Neighbouring areas include Templeogue, Terenure, Kimmage and Clondalkin. Exit 9 of the M50 is approximately 2 km to the north-west and the property is approximately c.6 km south west of St Stephen’s Green in Dublin City Centre. There are a host of amenities in the vicinity including the Red Cow Moran Hotel and The Square Shopping Centre

BER Details

BER: C1

BER No: 800354631Energy Performance Indicator: 322.91  

Lease Terms

Tenant                         Karunanithi Ramaswamy t/a Industhan Foods

Demised Area              8 Ballymount Court

Term                            5 years IRI lease and residue of current lease

Lease & Rent

start date                    New lease from 15th September 2015

Passing Rent                €10,200 pa exclusive

Rent from Sept 2015  €11,400 pa exclusive (until 14th September 2020)

Rent Review                N/A

Accommodation        SQM          SQFT

Gross External Area (GEA)

Ground Floor (Gross Internal Measurements)

Kitchen and Fridges      51.80             557.58

Toilet                               2.37                25.51

Storage and loading       4.60                 49.51

Stairs and Circulation  11.42             122.92

First Floor (Gross Internal Measurements)

Open Plan Office         24.84              267.38

Stairs and Circulation  7.16                 77.10

Total GEA               116.50                  1254.00

Title

We understand that the title is long leasehold.

Features and Services

Gas Fire Heating         

Security alarm

Suspended ceilings

Fluorescent tube lighting

Commercial Rates 2015   €2,337.66

Quoting Price        

€145,000

Important Notice:

This property as outlined in the details above is let. The tenant is not affected by the proposed sale of the property.

Viewing

By appointment only through sole selling agents McNally Handy & Partners.

Contact

Ivor Ashe 01-6640217

[email protected]

PSRA: 002226