Mace, 3 Church Place, Sallynoggin, Co. Dublin

Keane Thompson is delighted to present a unique and exciting mixed-use Residential and Retail Investment unit, offering excellent potential for further uplift to a yield of c. 9.9% plus. This attractive property, built in the early 1950s, comprises a well-maintained two-bedroom residence on the top floor alongside an established Mace brand outlet on the ground floor.

The residential unit is offered with vacant possession, presenting strong rental potential and further future development opportunities (subject to relevant planning permissions).

Retail:
The existing retail unit is currently let to Mace and benefits from a strong tenant covenant. The property is fully fitted and configured to provide a well-presented retail offering, comprising a generous shop floor and retail area, a deli/kitchen to the rear with two freezer cold-storage units, WC facilities, a dedicated office and a rear yard with access to laneway. The current rent roll is €34,000 per annum, with a recent 10-year IRI lease completed in 2025, ensuring stable and secure income for the future investor.

Residential:
This first floor two-bedroom apartment is well maintained and offers a practical and well laid out internal layout. Accommodation comprises two generous double bedrooms, a fitted kitchen with eye and base-level units, a spacious front-facing sitting room, and a family bathroom that completes the accommodation. The property is offered with vacant possession with rental potential in the region of €30,000 per annum.

Location
Church Place in Sallynoggin is home to a variety of local businesses that serve the community's daily needs. From cosy cafés and takeaways to convenience stores and service providers, the area offers a blend of family-run establishments and small enterprises that contribute to its vibrant, local atmosphere. A well-known feature is the presence of specialist services such as hair salons and garages, making Church Place a convenient hub for both residents and visitors. With its close proximity to larger shopping areas in Dun Laoghaire and surrounding suburbs, Church Place complements Sallynoggin's friendly, community-focused business scene.

Accommodation c. 147 sq.m ground floor retail with a further c. 65 sq.m first floor residential.
Please refer to floorplans for room measurements

Retail c. 147 sq.m
The property is fully fitted and configured to provide a well-presented retail offering, comprising a generous shop floor and retail area, a deli/kitchen to the rear with two freezer cold-storage units, WC facilities, a dedicated office and a rear yard with access to laneway.

Residential Terraced House c. 65 sq.m
Hallway
Carpet flooring.
Living Room
Bright and spacious, with laminate flooring, and two front-facing windows.
Kitchen
A range of base and eye-level kitchen units, plumbed for a washing machine and dishwasher, providing a functional space for family living with lino flooring.
Bathroom
Features partially tiled walls, a wash hand basin, a toilet, and an electric shower.
Bedroom 1
Rear-facing double room with carpet flooring.
Bedroom 2
Rear-facing double room with carpet flooring.
Landing
Hot press and very large attic space - potential to convert into two further rooms subject to relevant planning permission.

Features
Current rent roll on retail unit €34,000 per annum, 10-year IRI lease from January 2025.
Huge potential for uplift due to vacant 2-bed residential apartment.
Potential rent on Residential unit €30,000 per annum.
Potential gross yield at c. 9.9% and above.
Vacant possession offered on residential premises.
Excellent location, close to shops, schools and public transport.
Near to Dun Laoghaire, Glasthule & Sandycove village.
Dart, Aircoach, N11, M50, Bus routes 7, 7n, 46a, 63 &75.
Electric heating.

Asking Price: €645,000