89-91 Terenure Road North, Dublin 6

Location

The subject property occupies an outstanding location on Terenure Road North situated in the established commercial and residential heart of the bustling village of Terenure. Terenure is situated approximately 3km southeast of Dublin City Centre and benefits from high levels of private and commercial vehicular traffic.

Terenure is a wealthy residential area, within close proximity to other affluent suburbs such as Rathmines, Rathgar and Ranelagh village. It is well serviced by public transport, with a number of bus routes including the No. 16, 17, 49 and 65 servicing the area.

Description

The property comprises a ground floor retail unit extending to approximately 150 sq m (c. 1,614 sq ft).  The property benefits from an extensive fit-out and would be suitable for a variety of uses, subject to the necessary planning permissions.  The property also benefits from some street parking.

Lease

Lease 1: 20 year lease from 10 March 2008, subject to five yearly rent reviews and a current passing rent of €37,500 p.a. There is a break option in year 14, requiring 6 months prior written notice. This lease pertains to 89 Terenure Road North.

Lease 2: 35 year lease from 25 September 1987, subject to five yearly rent reviews and a current passing rent of €25,500 p.a. There is no break option. This lease pertains to the ground floor of 91 Terenure Road North.

Accommodation

The approximate net internal floor areas are as follows:

The above areas are subject to a final joint measurement.

Rent

€37,500 per annum

Rates

We understand that the annual rates (2010) for the property will be €9,969.

Service Charge

TBC