Excellent Investment/ Development Opportunity On Cabinteely Main Street
4, 5, 6 & 7 Old Bray Road, Cabinteely, Co. Dublin
Dublin, 22 May 2017 – CBRE are delighted to be instructed to bring 4, 5, 6 & 7 Old Bray Road in Cabinteely Village to the market for sale by Private Treaty. The property is located close to the Garda station and cross roads of Cabinteely Village and benefits from local cafes/restaurants as well as excellent access to the N11, the Quality Bus Corridor and LUAS station in Laughanstown.
The property comprises a regular shaped site of approximately 0.21 hectares (0.52 acres) with frontage of 27 metres onto Cabinteely Village.
The property had planning permission for a mixed use scheme comprising of 2 retail units and 49 bedroom nursing home but this planning permission has lapsed - D10A 0621.
The site is currently divided into 3 separate properties and there are short term sitting tenants in place that have been in place for over 5 years and have gained tenancy rights.
Number 4 is occupied by ‘Cabinteely Motors’ and comprises a 232 sq.m. garage premises. Number 5 & 6 comprises a large car showroom yard (0.4 acres) which is rented out to Alan Lewis Motors. Number 7 is a 3 bedroom bungalow of approximately 102 sq.m. in size.
There is a total passing rent of approximately €66,000 p.a. and there could be potential to develop the site, subject to planning permission and vacant possession.
The property is currently zoned objective – which is ‘to protect and/or improve residential amenity’.
CBRE are quoting a sales price in the region of €1,100,000 for this property.
This is an excellent opportunity to acquire 3 investment properties in Cabinteely Village with a passing rent of €66,000 p.a. and some development potential, subject to planning permission and vacant possession.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE U.C., registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company, now employing over 132 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie.