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142 Lower Rathmines Road, Rathmines, Dublin 6, Co. Dublin











Price On Application
Investment property unit
BER rating:
Contact Name: Enda Hogan
Phone:
PSR Licence Number: 002229
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Available to Move In: Immediately

Property Description 

142 Rathmines Road Lower comprises a retail unit with coffee shop use and has excellent profile on Rathmines Road Lower. The unit forms part of a larger block, with apartments on the upper floors, which, for the avoidance of doubt, do not form part of this sale.

The subject property is laid out over ground floor only. The ground floor comprises coffee shop seating, serving counter and kitchen area to the rear, together with toilet facilities and ancillary storage. The property is fitted out as a Baked Coffee Shop.

The property extends to an area of approximately 79 sq. m. (850 sq. ft.) and also benefits from 14 sq. m (150 sq. ft.) The unit is let to Artisan Traditional Bakery Limited, trading as Baked. Currently producing a rent of 45,500 per annum with approx. 6.5 years remaining until a tenant break option.

For the avoidance of doubt, please note that this is an investment sale therefore the tenant is unaffected.

Features
Prime Location
20 Year Lease to Artisan Traditional Bakery Limited
Investment Opportunity
Rent 45,500 per annum
DCC Planning Reference; 2612/17
Service Charge: 1,847 (payable by tenant)
Rates: 6,733.80 (payable by tenant)

Location
The subject unit occupies a coveted trading location on Rathmines Road Lower one of the main arterial access routes from south Dublin to the city centre connecting Rathgar, Terenure and Portobello districts which comprise of a diverse and affluent demographic consequently the location is a popular location with food, beverage and commercial occupiers.
The subject unit is located adjacent to Aldi and opposite to Lidl and Swan Leisure Centre. Nearby occupiers also include Rathmines Omniplex together with Subway, Dominos, Jo Burger all trading in close proximity to the subject unit.

Tenancy
The entire is let to Artisan Traditional Bakery Limited on a 20 year lease from 5th October 2017 with a break option in year 7. The passing rent is 45,500 per annum with 5 yearly open market rent reviews. Artisan Traditional Bakery Limited is a company which operates a number of Baked Coffee Shops across Ireland.
BER Details:
BER No. 10
Energy Performance Indicator: 643.81kWh/m2/yr

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Gillespie Lowe

Letting Agent

Gillespie Lowe
1 Upper Rathmines Road,
Rathmines
Dublin 6
Contact Name: Enda Hogan
Phone:

Property Location 

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