The Leinster Property Auction in partnership with Kelly & Co. Auctioneers
Offered at bids over €500,000
Well located mixed use investment in a neighbourhood shopping centre with good trading history comprising a Centra supermarket on the ground floor and Lusk Fitness gym on the first floor. It occupies a high profile site on the junction of the Dun Emer development with Chapel Farm and Kilhedge Lane. It also adjoins other lands which are zoned for future residential development.
Both tenants are well established and have been trading for a number of years.
Ground Floor Retail: An individual t/a Centra Retail c.175 sq. m on a 30 years from 01.12.2007; 5 yearly rent reviews; Break option in 2020; FRI terms; Reserved rent €50,000 p.a. Passing rent €41,600
First floor and part ground floor: An individual t/a Lusk Fitness Gym c.270 sq m; 25 years from 19.11.2007 5 yearly rent reviews No breaks FRI terms €31,200 p.a.
Total passing rent €72,800
Lusk is a fast growing commuter town within easy reach of the M1, M50, airport and Swords, all of which are within a 5-15 minute drive. Bus and Lusk railway station also provide excellent links to the city and Luas and Dart services.
Good modern building with well-established tenants
High profile location in maturing residential area
Adjoining creche and open space
Adjoining future residential development lands
Set in a fast growing commuter town with great connections to city, motorways and airport
Unit 15: BER B2 / BER no. 800586802
Unit 16: BER C2 / BER no. 800586794
Unit 17: BER C1 / BER no. 800585705
Unit 18: BER C2 / BER no. 800583650
TO VIEW OR MAKE A BID - Please contact Kelly & Co. Auctioneers on 01 8491155 or www.leinsterpropertyauction.ie, 01 687 5040.
*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. The buyer will be granted 28 days from the date of exchange to complete the purchase. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale, which is operated by The Leinster Property Auction powered by IAM Sold.
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These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.