Commercial property in Walkinstown sold for €100k over guide price

A COMMERCIAL mixed-use investment property in Walkinstown has sold for €100,000 over the guide price at auction.

The end of terrace property, which is located on Lower Ballymount Road, was put under the hammer at an Allsop auction last week, with a guide price of €210,000.

allsop

After 90 bids were placed on the property, it sold for €345,000.

The property, whose current lessee is Ultra Fresh Cleaners, comprises a ground floor retail unit and first floor three-bedroom apartment.

It extends to approximately 206 sq.m in total.

The property is situated close to the Walkinstown Roundabout, while surrounding occupiers include Ballymount Hardware, O’Sullivans Pharmacy and Londis.

The unit is subject to two tenancies, while the total current rent reserved is €23,400 per annum.

The property benefits from a store to the rear and own door access to the apartment.

Walkinstown is well served by transportation links including the R110 Long Mile Road providing access to the city centre.

The M50 motorway and N7 are situated immediately to the west, public transport links are provided by several bus routes and the Luas Red Line.

EK738 REA Murphy 100817

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