111 Ranelagh, Ranelagh, Dublin 6

Prime Retail Investment Opportunity in the Heart of Ranelagh Village

Address: 111 Ranelagh, Ranelagh, D06 N593.
Size: c.141 sq.m (1,517 sq.ft)
Tenancy: 25-Year FRI Lease from 22nd December 2015
Current Rent: 44,000 per annum
Next Rent Review: Due 2025 (last review in 2020)

Description:
This is a rare opportunity to acquire a high-profile commercial retail unit in the vibrant and highly sought-after Ranelagh Village. The subject property comprises a mid-terrace, two-storey retail building extending to approx. c.141 sq.m (1,517 sq.ft) and is presented in very good condition throughout.
The property is currently occupied by Oslo, a well-established and high-end beauty salon chain known for its premium services and strong brand presence. At ground floor level, the unit provides a welcoming reception area, a treatment room and staff room, and a salon area. The first floor accommodates a second salon area, along with 2 x tanning rooms and 2 x treatment rooms. The property benefits from high-quality internal finishes including timber flooring, air conditioning, inset lighting, and double-glazed windows throughout, creating a bright and professional working environment. Externally, a large courtyard offers additional space and flexibility, with valuable rear laneway access providing added convenience for deliveries and staff access.

Location:
Ranelagh is one of Dublin's most affluent and desirable suburbs, located just 2.5 km south of Dublin city centre. The area boasts an excellent mix of boutique retail, cafes, restaurants, and services, attracting strong footfall and affluent clientele. Well-served by public transport, Ranelagh benefits from proximity to the Luas Green Line (Ranelagh Stop), frequent Dublin Bus routes, and convenient access to major road networks. This thriving village atmosphere, coupled with strong demographic appeal, makes Ranelagh a prime location for both investors and occupiers alike.

Accommodation Breakdown:
Ground - reception area - c.31.07 sq.m
Ground - Treatment room & staff room - c.21.20 sq.m
Ground - Salon area - c.15.35 sq.m
First - Salon area - 32.94 sq.m
First - 2 x Tan rooms & Treatment room - c. 22.52 sq.m

Investment Summary:
- High-quality commercial unit in very good condition
- Let on a 25-year Full Repairing and Insuring (FRI) lease from December 2015
- Current rent of 44,000 per annum with five-yearly open market rent reviews
- Next rent review due December 2025
- Strong tenant covenant and long unexpired lease term
- Superb location in the heart of Ranelagh Village with strong footfall

Viewing:
Strictly by appointment with the sole selling agents.

Ber: B2

Ber No: 801067117

Price: 775,000