KILDARE PROPERTY WATCH: Superb online auction investment opportunities


Coldwell Banker Commercial has launched two significant investment opportunities on the market for sale through the iamsold auction platform.

Both properties are fully let with high yields.

Nick Hughes of Coldwell Banker Commercial noted; “In recent years, the last quarter of the year has proven to be very active, with sellers and buyers looking to finalize their real estate transactions before the end of the year. We expect that, given the high yields and strong locations, we will have significant interest in these assets. »

Applegreen Service Station, Sallins Road, Naas, Kildare – Offered at bids over £1.9m

This investment property consists of the Applegreen gas station and complementary outlets on approximately one acre of land. The commercial property is in an excellent commercial location on Sallins Road, Naas, Kildare, just 30 minutes from Dublin on the main motorway to Cork City.

The service station itself offers a forecourt with 4 x double-sided pumping stations under a canopy, a double bay washing and valeting system, a parcel motel, a self-service washing mat, a 270 m². convenience store with toilets and a workshop.

The property is leased to Petrogas Group Ltd under a 21-year FRI lease from 26 October 2016. The next review will take place in August 2026 and will be based on CPI (Consumer Price Index). The current rent is €145,000 per year until 2026, offering an initial net yield of approx. seven%.

Units 3 and 4 Swords Retail Centre, Swords, Dublin – Offered at offers above €1.1m

Excellent commercial investment comprising two retail units, with tenants Irish Charity Shop and McNamara’s Pharmacy in situ. This high yield investment is currently let for €83,000 per year, offering a yield of 8.3%.

Located in the center of Swords with a large established residential pool, the breakdown of properties is as follows;

Unit 3 – Tenant: Irish Charity Shop (approx. 141 m²) Lease – 15 year lease from July 15, 2021, with current rent of €42,000 per year.

Unit 4 — Tenant: McNamara’s Pharmacy (approx. 135 m²) Lease — 15-year lease starting July 15, 2021, with current rent of €41,000 per year.

Both properties will be eligible for rent reviews in 2026 and can be purchased together as one lot or separately at auctions above €550,000 per unit (for more information please contact the auctioneers)

These properties are located in Swords town center at a pivotal corner at the junction of Dublin Road and Forest Road.

This scheme is almost opposite Swords Central shopping center anchored by Penneys which connects to The Pavilions shopping center anchored by Dunnes Stores and Superquinn.

Contact Coldwell Banker Commercial Property Consultants on 01 411 0012 or iamsold on 01 244 0000 to arrange a free property valuation.

For more information, log on and visit www.coldwellbanker.ie or www.iamsold.ie.

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