For Sale €2,750,000.00 - Commercial
Features
- Prominent retail parade.
- Modern development extending to 832.54 sq m/ 8,961 sq ft.
- Fully let to 4 separate retail tenants producing €226,000p.a.
- Weighted average unexpired lease term (WAULT) of 9.86 years.
- 4 car parking spaces.
- Part of Dun Laoghaire’s bustling seafront district.
Location
Dun Laoghaire is fortunate with major transport corridors traversing the area notably the frequent services of the Dun Laoghaire DART station and numerous bus termini which stop directly opposite Harbour Square on Crofton Road. It is approximately 11 kilometres south of Dublin’s city centre.
Harbour Square is a mixed use development comprising of office, retail crèche and residential laid out around a common landscaped courtyard. It is located adjacent to the Dun Laoghaire Rathdown County office and Dun Laoghaire DART station.
The four ground floor units are situated within the Harbour Square the harbour Square Development which is located on Crofton Road forming part of Dun Laoghaire’s bustling leisure district overlooking the harbour.
The parade forms part of cluster of restaurants and bars including Nandos, the Forty Foot. Gourmet Burger Kitchen, ITSA, Hartleys, The Hen House and Insomnia Coffee.
The seafront has become the heart of the activity for food and leisure activity with a wealth of choice combined with excellent parking and public transport.
Large office occupiers in the area include Tesco, Dun Laoghaire-Rathdown County Council & Bord Iascaigh Mhara (BIM).
Full Description
Harbour Square is a modern, contemporary mixed use development designed by O Mahony Pike architects, it completed in 2007. It consists of five building, built on 5/6 levels, over a common two tier underground car park around a generous landscaped plaza.
The retail parade is situated at ground floor level and face onto Crofton Road. The upper floors are in a mix of residential and office use,
Each tenant has fitted their units out to their own specification.
Price
In the region of €2,750,000 representing a net initial yield of 8.00%.
Accommodation
| Unit | Tenant | Lease | Car Spaces | Income | Sq.m (NIA) | Sq.ft (NIA) |
| 1
Ground and First Floor |
Agenbite Limited t/a Milano’s | 20 years from 24/11/2008, Break option 23/11/2023 | 1 | €125,000 p.a. | 267 | 2,874 |
| 2 | Travel Café Limited t/a Bistro le Monde | 20 years from 01/09/2012 | 1 | €50,000 p.a. | 170 | 1,830 |
| 3 | Gourmet Food Parlour | 10 years from 01/07/2015 | 1 | €30,000 p.a. | 219 | 2,357 |
| 4 | UN Sports Limited | 5 years from 21/03/2014 | 1 | €21,000 p.a. | 176 | 1,894 |
| Total | 4 | €226,000 | 832 | 8,956 |
BER Details
BER: C2
