Pizza Hut, 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.8% to 9.1% plus. This attractive property, built in the early 1950s, comprises a well-maintained two-bedroom apartment on the top floor with an established Pizza Hut outlet positioned on the ground floor.

Retail:
A new 10-year IRI lease is currently being finalised for the ground floor commercial unit at 29,000 per annum with further potential of 4,800 per annum for the vacant self-contained ground floor side storage unit. The existing retail unit is currently let to Pizza Hut and benefits from a strong tenant covenant. The unit features commercial-grade non-slip rubber flooring throughout and is separated into a welcoming reception area with customer seating, a large kitchen, and ancillary areas. The kitchen includes two freezer cold storage units, stainless steel sinks, a WC, and a wash hand basin. The entrance hallway to the left leads through to a separate spacious ground-floor storage area with concrete flooring and a separate under-stairs storage space, all accessed via a private entrance.

Residential:
The residential unit is offered with vacant possession, previous rent set at 22,200 per annum, presenting strong rental potential due to a very large attic which could be suitable for a further two rooms (subject to planning permission). With proposed new regulations due in March 2026, this rent may be subject to a re-set to market value. Market value is projected in the region of 30,000 per annum in its current condition. This two-bedroom apartment is well maintained and offers an abundance of natural light and a practical internal layout. There are two rear-facing double bedrooms, a fitted kitchen with both eye and base-level kitchen units, a spacious front-facing sitting room, and a family bathroom that completes the accommodation.

Location
Church Place in Sallynoggin is home to a variety of local businesses that serve the communitys daily needs. From cosy cafs 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 Dn Laoghaire and surrounding suburbs, Church Place complements Sallynoggin's friendly, community-focused business scene.

Accommodation c. 147 sq.m ground floor retail and separate self-contained storage room with a further c. 65 sq.m first floor residential.
Please refer to floorplans for room measurements
Retail c. 147 sq.m (includes self-contained storage room)

Retail unit separated into two areas front and rear, currently in use as Pizza Hut, with separate self-contained vacant side storage room suitable for commercial or residential.

Residential Apartment c. 65 sq.m

Living Room
Bright and spacious, with laminate flooring, and 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 laminate 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.
Hallway
Hot press and very large attic space - potential to convert into two further rooms subject to planning permission.

Features
Current rent roll on retail unit in progress at 29,000 per annum, 10-year IRI lease.
Deed of renunciation.
Massive potential for uplift due to vacant 2-bed residential apartment.
Previous rent on residential unit 22,200 per annum, due for increase subject to RPZ, with potential for substantial rent increase possible to add an additional two rooms in attic subject to planning permission.
Possible re-set to market rent in March 2026 for the residential apartment, projected rental market value 30,000 per annum.
Ground floor storage unit vacant potential rental income of 4,800 per annum.
Potential gross yield at c. 8% to 9.1% and above.
Vacant possession offered on residential premises and separate ground floor storage 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