High street properties in Dundrum and Rathfarnham offer investment opportunities
A property in Rathfarnham that includes an established crèche operator is guiding €510,000, while a Dundrum building housing a hair salon is on the market for €440,000
Investors looking for a suburban high street investment opportunity in south Dublin will be interested in two such investments for sale in Rathfarnham and Dundrum through QRE Real Estate Advisers. The agent is guiding in excess of €950,000 for both, but they are also available as separate lots.
14 Main Street, Rathfarnham is a standalone suburban high street property located in the centre of Rathfarnham village. The property has a great profile on the western side of the Main Street.
Neighbouring occupiers include An Post, Oxfam, Rowan’s Deli and Casanovas Wood Fired Pizza.
No 14 is a two-storey mixed-use building extending to about 137 square metres. The ground floor and rear garden accommodate an established crèche operator. The first floor and attic are tenanted by a physiotherapy practice.
The total rental income is €42,000 per annum and the guide price is in excess of €510,000, reflecting a net initial yield of 7.49 per cent. In addition to the attractive yield, the building is also not registered for Vat – which should be a big attraction for the private investor.
The second property is at No 16 Pembroke Cottages in the heart of Dundrum Village. The mid-terrace period building is fitted out as a hair salon and the tenant has made a substantial investment, altering the premises to open plan to facilitate their business.
The affluent suburb is situated about 6km south of Dublin city centre, is on the Luas Green line and is located a short walk from the Dundrum Town Centre as well as serving an affluent residential catchment.
No 16 spans 100 square metres over two floors. The ground-floor retail space is presently used as a high-end hairdressing salon. The first floor comprises storage space and treatment room.
The total rental income is €35,000pa and the guide price is in excess of €440,000, reflecting a net initial yield of 7.23 per cent. The building is also not registered for Vat, which should also be a big attraction for the private investor.
QRE is quoting a guide price in excess of €950,000 for both investment opportunities, which are available together or separately as two lots. For more information contact Jonathan Hillyer or Jonathan Donnelly of QRE Real Estate Advisers at 01-6375555.
