Rathborne Collection, Rathborne, Dublin 15 - SALE AGREED

For Sale by Private Treaty

Two modern neighbourhood centres, both approx. 400m from N3, Navan Road (Ashtown roundabout) and adjacent to Ashtown Train Station in Dublin 15

Net operational income (NOI) of €546,213 per annum and WAULT of 11.2 years (Oct ’17)

78% occupied by a variety of tenants including Lloyds Pharmacy, Spar, Giraffe, Bombay Pantry amongst others

Potential to enhance returns through asset management and lease up of vacant space, currently 22%

3,601 sq.m (38,765 sq.ft) of modern commercial accommodation situated in expanding suburb 6 kms from the city

Immediately adjacent extensive active and pipeline housing development

Excellent road and rail Infrastructure offering platform for continued residential growth

For sale in one lot with a quoting price of €5.85m reflecting a current NOI yield of 8.6%, after 8.46% purchasers costs