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