Ray Cooke Commercial are delighted to present to the market an opportunity to purchase this excellent 3 storey over basement mixed commercial/residential investment property c. 234 sq. m/ 2519 sq. ft. in size and a rear 3 story commercial property c. 245 sq. m/ 2637 sq. ft located in the heart of Dublin City.

Situated on Richmond Street, Dublin 2, This mid terraced property c. 479 sq. m / 5156 sq. ft in size total and comprises of a ground floor retail unit that is currently occupied by a well-established barbershop. There is also a separate entrance, hallway and stairs access to two 2-bedroom 1-WC apartments on the first and second floor, and a storage area on the basement floor. The apartments and commercial unit are currently occupied and are generating a total passing rent of €63,540.00 per annum.

The full details of the rent are as follows.

Apt no 1 – €21,588 pa, rent review due on 12 September 2025

Apt no 2 – €20, 952pa, rent review due on 4 April 2025

Ground floor shop – 15-year lease from 28 August 2020 with rent reviews every 5 years. The terms agreed are as follows.

year 1 – €17,000 pa

year 2 and year 3 – €20,000pa

year 4 and year 5 – €21,000pa

To the rear of the property, there is a 3 story commercial unit comprising of a ground floor workshop c. 91.4 sq. m / 984 sq. ft in size with a first floor unit c. 59.38 sq. m / 639 sq. ft comprising of a second open plan area with WC, tea station, W.C. with shower. The second floor comprises of an open plan area with kitchenette, 2 separate office units, a kitchenette, WC and shower. There is also a courtyard between the two units c. 20 sq. m/ 215 sq. ft in size.

The rear section of the property has been vacant for over 2 years and has development potential subject to planning permission.

Location

The apartment is ideally within short walking distance to the City Centre and has numerous bus routes servicing all parts of the city passing outside the front door. the nearest LUAS Stop (Harcourt LUAS Stop) is just a few minute’s walk from the building and is approx. 15 minute’s walk from Grafton Street and St. Stephen’s Green, one of Dublin’s busiest shopping districts.

Features

Excellent Location

Close to City Centre

Development Potential Subject To Planning Permission.

Viewings strictly by appointment only

Contact Ray Cooke Commercial today for a viewing