Deanstown House, Blanchardstown, Dublin 15

Kelly Walsh are bringing Deanstown House in Blanchardstown Village to the market for sale by Private Treaty. This is an excellent mixed use investment opportunity comprising 6 self-contained retail units at ground floor level with a large open plan office on the first floor. The development offers huge potential to the discerning investor offering a clear uplift in rental income with renting out the remaining vacant space.

The available investment scheme extends to 819. sq. m (8,819sq.ft) with the benefit of 26 car spaces which are managed by APCOA Parking. A significant additional income is generated directly from the car park. Individual units range from 28sq.m to 60sq.m and the total rental income equates to €124,200 with a weighted average unexpired lease term of 7 years. An ERV in the region of €190,000 is achievable once fully tenanted.

The retail units range in size from 300 square foot to 650 square foot ensuring they appeal to a range of occupiers. Each of the ground floor units has good frontage directly onto the Main Street. The first floor accommodates 4,000 square foot of office space. A good tenant mix exists with occupiers including Tanzone, Vincent De Paul and Abrakebabra all operating in Deanstown House.

This is an excellent opportunity to acquire a mixed use investment in a prime location with significant scope to increase rental income.

For further details please contact Bryan Molloy