Retail unit in Lucan village for sale with guide price of €140k
By William O'Connor
A GROUND floor retail unit on a busy street in Lucan has gone on the market with a guide price of €140,000.
The property is arranged over ground floor only to provide a mid-terrace retail unit.
The ground floor retail property on the market in Lucan
The property forms part of a wider mixed use development. The property further benefits from one secure car parking space which is located to the rear of the unit.
According to the auctioneer, the unit is currently let to NCBI Retail and has a lease expiry in 2020 with an option for extension of the term at the expiration of the current lease for a further five years.
The current rent is reserved at €15,000 per annum plus VAT.
The property is surrounded by a number of restaurants and the local St Vincent de Paul.
Elsewhere, a third floor two bedroom apartment in Lansdowne Valley in Drimnagh was sold for €145,000.
There was 21 bids for this investment property with subject to a tenancy at a current rent of €10,500 per annum has a Gross Yield of 9.8%.
The apartment is comprised within a building arranged over ground and three upper floors.
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