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Iceland Grange CORSS Le Fanu Road Ballyfermot

Price on Application For Sale 779 sqm approx

Description

 •Commercial Investment Opportunity in the heart of bustling Ballyfermot, Dublin

• Let to Iceland Stores Ireland Limited on a 25 year FRI lease from 28th February 2005 with a tenant break option in February 2025

• Currently producing an income of £173,987 per annum and fixed minimum uplift at next review to £196,850 per annum. Rent is payable in UK Sterling.

• UK Parent Company Guarantee from Iceland Foods Limited for the duration of the lease

• Offers Sought in Excess of £2,300,000 (Sterling) reflecting a NIY of 7.24% and rising to a minimum NIY of 8.19% at the next rent review (assuming purchasers costs of 4.46%)

BER Information

  • Rating: BER B3
  • Number: 475.53 kWh/m²/yr
  • Energy Performance Indicator: 0.92

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