€740,000 guide price for gym investment property

A GYM investment property, located in Lansdowne Gate, just off the Long Mile Road has gone on the market with a guide price in the region of €740,000.

The property comprises a two-storey self-contained commercial unit, which is fully fitted and operating as a gym and benefits from .25m of road frontage and excellent parking facilities.

Let to RNR Health Limited t/a as Energie Fitness on an 11-year lease from May 2017, who are paying a rent of €65,000 per annum, the property attracts an 8 per cent net initial return for an investor and the guide price represents a low capital of €80 per square foot with no VAT payable on the sale.

Located just off the Long Mile Road, Lansdowne Gate is perfectly positioned to benefit from the significant residential and business population.

It adjoins the Naas Road Corridor, an area designated for major redevelopment. Bluebell Luas Stop (Red Line) is 500m from the property and the Long Mile Road is a quality bus corridor (QBC) route with a high frequency of Dublin buses.

Occupiers close by include Cocoon Childcare, Aldi & Supervalu Supermarkets, Children’s Hospital Ireland along with a number of high-profile Motor Dealerships. Ballymount Industrial Estate is also close by.

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