Mixed-use development with guide price of €300k

By Aideen O'Flaherty

A MIXED-USE investment development on Old County Road in Crumlin is set to go under the hammer with a guide price of €300k.

The development consists of a retail unit, which is currently leased to Browns’ Family Butchers with a rent of €18,000 per annum, while the two-bedroom apartment above the butchers is currently being leased to an individual with a residential tenancy with rent of €24,600 per annum.

Old County 1

The investment development on Old County Road

The total current rent reserved is €42,600 per annum, with an NIY of 13.75 per cent.

Surrounding occupiers include Old County Public House, Life Pharmacy and Old County Bar, and the development benefits from easy access to the city centre and surrounding suburbs via the M50 motorway and frequent Dublin Bus services.

In their listing, the auctioneer noted that the property forms part of a wider mixed-use development.

The property will go under the hammer on Bid X1’s online auction on October 29, with a required bidding deposit of €4,500, which is fully refundable for unsuccessful bidders.

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