***INVESTMENT PROPERERTY FOR SALE***

• Current Rental Income: €110,900 p.a.
• Current Net Initial Yield: 6.3%
• Potential Rental Income (Post-Development): c. €179,300.00 to €185,300.00 Per Annum
• Further Development Potential May Be Possible Subject To Planning Permission Being Obtained.

Ray Cooke Auctioneers are delighted to present to the market an opportunity to purchase this excellent investment property located in the heart of Dublin 11.

***PROPERTY COMPOSITION***

GROUND FLOOR

Situated on the Jamestown Road in the Centre of Finglas Village, Gofton Court is c. 833.33 sq. m (8970 sq. ft) in size in total and comprises of 3 ground floor retail units (Unit’s 3, 4 & 5) c. 160 sq. m (1722 sq. ft) in total and a double two-story unit (Unit 1 & 2) c. 272 sq. m (2927 sq. ft) in size.

Unit 1 & 2 and Unit 3 are currently occupied by Expert Home Renovation Centre with Unit 4 currently occupied by Dream Hair Salon and Finglas Vape Store occupying Unit 5.

The current total rental income of the retail units averages out at €110,900.00 per annum which equates to a 6.3% net yield.

***FULL DETAILS OF LEASEHOLDS ARE AVAILABLE ON REQUEST ***

***VACANT OVER SHOP OFFICE UNITS***

The First Floor is c. 262.83 sq. m (2829 sq. ft) in size and comprises of FOUR SEPARATE VACANT OFFICE UNITS with two entrance points and could potentially generate an additional rent of €42,000 to €44,700 per annum if rented out in its current condition.

The First Floor Office Units can also be potentially be developed into 3 two-bedroom apartments or 2 two-bedroom apartments and 1 three-bedroom apartment under The Planning and Development Act (Exempted Development) Regulations 2022 as the office units have been vacant for over 2 years.

The potential rental income after developing the first-Floor office spaces is c. €68,400 & €74,400 per annum depending on configuration.

***UNIT SIZES***

Ground Floor Retail Unit Sizes:

Unit 1 & 2: c. 272 sq. m (2927 sq. ft)

Unit 3: c. 60. 66 sq. m (653 sq. ft)

Unit 4: c. 63.69 sq. m (685 sq. ft)

Unit 5: c. 35.58 sq. m (383 sq. ft)

First Floor Office Sizes

Office 1: c. 37.83 sq. m (407 sq. ft)

Office 2: c.  89 sq. m (958 sq. ft)

Office 3: c. 68 sq. m (732 sq. ft)

Office 4: c. 68 sq. m (732 sq. ft)

Further development potential may be possible Subject to Planning Permission being obtained.

LOCATION

The location of this investment property is second to none as it is situated in the Centre of Finglas Village and is directly across the road from the Finglas Main Shopping Centre which is home to high-profile occupiers such as Dealz, EuroGiant, An Post, EBS, with key national businesses such as AIB & Bank of Ireland within close proximity. The property itself is occupied by Expert Home Renovation Centre (One Stop Shop for Bathroom, Kitchen, Bedroom & Living Rooms), Dream Hair and Finglas Vape Store and there are a number of other local businesses nearby all of which generates high volumes of footfall every day outside the premises.

The unit also benefits from being close to a large monitored carpark facility across from the unit and also benefits from having a very busy bus stop located just outside the front door that services the City Centre and North Dublin.

FEATURES

Excellent Location

Close to City Centre

Net Initial Yield of c. 6.3%

Key National Businesses Such as AIB & Bank of Ireland and An Post in Close Proximity as well as High-Profile Occupiers such as Dealz, EuroGiant Nearby.

Potential Rental Income of First Floor c. €68,400 & €74,400 per annum depending on configuration. (Post development of First Floor Offices into Apartments Under The Planning and Development Act (Exempted

Development) Regulations 2022.

This is a rare opportunity to acquire a high-yielding commercial investment with significant residential potential in one of North Dublin’s busiest urban villages. Contact

Ray Cooke Commercial today to arrange a confidential viewing.

Please note all statements contained therein are made without responsibility on the part of the vendors or lessors and are not to be relied upon as statement or representation of fact. Intending purchasers must satisfy themselves, by inspection, or otherwise, as to the correctness of each of the statements of dimensions contained in these particulars.