19 Castle Street, Dalkey, Co. Dublin

Quantum Property proudly bring to the market 19 Castle Street in the vibrant town of Dalkey, this investment property offers a prime opportunity in a highly sought-after location. No. 19 is divided into three units, providing a diversified rental income stream. Castle Street presents an ideal investment opportunity for those seeking to own a nice investment in one of Dublin’s most prestigious addresses.

The front ground floor retail unit facing on to Castle Street is currently Owner Occupied, however, terms are being negotiated with a number of interested parties at an annual rent of ‘40,000 pa. Details of same can be provided to interested parties. The second unit houses a popular barbershop on the 1st floor over the front retail shop and the third unit, to the rear of the property accessed via the courtyard entrance, is let to an audio-visual tenant, and consist of both ground floor retail space and office space on the 1st floor overhead.

The projected annual rent of ‘72,500 reflects the property’s combined income. The diverse mix of tenants contributes to a stable and reliable income, making it an attractive investment for those seeking a balanced and secure offering. The strategic placement of the property on the more prominent side of the road, in the middle of Castle Street, ensures highest footfall in the area. The well-known Queens Bar, a local landmark that draws visitors and residents alike, is only a couple of meters down the across from the local public car park.

Tenant Details:

– Retail Shop, 19 Castle Street, Dalkey, Co. Dublin
Projected Annual Rent – ‘40,000 per annum.

– First Floor, 19 Castle Street, Dalkey, Co. Dublin
4-year 9-month Lease from 22 May 2023
Rent – ‘16,000 per annum.

– Unit 5 The Courtyard, Rear 19 Castle Street, Dalkey, Co. Dublin
4-year 9-month Lease from 1 September 2022
Rent: ‘16,500 per annum

Total Rent = ‘72,500 per annum

Gross Yield = 7%

Area:
Ground Floor – 70 m2.
First Floor – 76.5 m2
Overall Floor Area: 146.5m2 / 1577 sq. ft (approx)