Property premises with Paddy Power and Mr Wu go on the market for over €1 million

A PROPERTY that houses two apartments and two retail businesses on Sarsfield Road in Ballyfermot has gone on the market with a guide price of €1.1m.

The premises at 1 and 2 Sarsfield Road contain   two apartments and a Paddy Power bookmakers shop and Mr Wu Asian Takeaway.

The retail units are on the ground floor, while the first floor comprises the two apartment units, all of which have varied tenancies.

The Paddy Power unit generates a rent of €45,000 per annum and is on a 25-year lease term that commenced in January 2007.

The Mr Wu Asian Takeaway unit generates a rent of €21,000 per annum and has a lease term of 25 years, that began in June 2013.

The commercial rates for Paddy Power are €2,904.72, while Mr Wu Asian Takeaway’s commercial rates are €2765.49.

Both apartments have sitting tenants, with Apartment 1A commanding a rent of €20,016 per annum, while Apartment 2A generates a rent of €18,720 per annum.

The property has been brought to the market by Property Partners O’Brien Swaine guiding at €1,195,000 and is for sale by private treaty.

According to the property listing, the premises benefits from ample parking and presents “a superb opportunity to acquire a good rental return on an extremely busy thoroughfare leading with heavy footfall and regular passing trade.”

The location is approximately five kilometres from Dublin city centre and four kilometres from the M50 motorway.

The location is surrounded by a host of amenities, including the Phoenix Park, Heuston Train Station, and is a short distance from the Red Luas Line.

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