Mixed-use space for investment in Cabinteely

Office and retail investments in Cabinteely and Dublin 8 are fresh to the market this week through Allsop.

The agent is guiding €950,000 for 35/35A Johnstown Road, a mixed-use retail and office investment which forms part of the Johnstown retail parade on Johnstown Road in Cabinteely.

Dominant unit

This property is the dominant unit on the parade and is let to Centra at €52,900 on two separate co-terminus leases, both expiring in 2032 with a break option in 2020.

Castlepark Construction and Johnstown Therapy clinic occupy the first floor offices, with their own separate entrances.

These tenants are paying €21,000 and €20,000 per annum respectively to bring the total rent roll up to €93,900 per annum.

The total size of the property is 443.42sq m (4,773sq ft) with 217sq m (2,339sq ft) of retail and 226sq m (2,433sq ft) of offices.

Allsop is also quoting €450,000 for corner retail unit at 7 Meath Street in Dublin 8. Paddy Power has occupied the ground floor space since 1998 and signed a new 10-year lease in 2008.

The bookie is paying rent of €40,000 a year.

The property forms part of the Hanbury Hall residential scheme at the top of Meath Street, close to the junction of Thomas Street.

The shop is around 500 metres from the iconic Vicar Street music venue and is 2km from College Green.