High profile redevelopment/refurbishment opportunity with excellent letting prospects, fronting one of the busiest roads in Dublin. FPP in place for redevelopment to provide new ground floor retail accommodation and 6 apartments overhead at first floor and second floor level.
The property comprises a former Bank of Ireland branch with a ground floor retail unit of approximately 204.73 sq.m and first floor offices of approximately 112.57 sq.m.
The property is a two storey double fronted terraced building. Internally it is laid out as a banking hall on the ground floor with offices and canteen on the first floor. There is also a yard to the rear, which can park approximately five cars which is accessed from the rear of the property.
The property has a street frontage of approximately 16 metres directly onto the Swords Road. A recessed parking area is located to the front of the site along the Swords Road providing for pay and display car parking.
The Viscount Public House adjoins the property to the immediate north and a Chinese takeaway is located in the adjoining building to the immediate south which could potentially create a larger site. To the rear of the site a small laneway which provides access to the commercial block.
The property forms part of a two-storey terrace of commercial buildings located at the junction of the Swords Road and the Iveragh Road which runs westwards to the immediate north of the property
Let to Bank of Ireland until June 2022 at €112,000 per annum (Tenant not affected).
Full planning permission was granted in October 2020 by An Bord Pleanala (Reference ABP-307146-20) for the full redevelopment of the property to provide new ground floor retail accommodation and 6 apartments overhead at first floor and second floor level.
The proposed new development comprises a ground floor retail unit of approximately 291.5 sq.m and ancillary space to the rear of the retail unit of approximately 94 sq.m incorporating staff room, male and female changing rooms, toilets and an office. On the first floor there is planning for 4 one bedroom apartments and 2 one bedroom plus study apartments on the second floor. Four of the apartments will additionally benefit from balconies. To the rear of the property there is a rear entrance into delivery yard along with bicycle parking for 6 bikes.
85-87 Swords Road is superbly located in north Dublin between Drumcondra and Santry. The property is situated to the south of the busy junction between Swords Road, M1 and Collins Avenue.
There are a host of local amenities in the locality including numerous educational institutions, retail outlets, restaurants, bars, parks, and recreational offerings.
DCU is located within 800 metres of the property, Omni Shopping Centre is conveniently located approximately 1.3 km to the north and Drumcondra Village is approximately 1.6 km to the south.
The property will also benefit from the proposed Collins Avenue MetroLink station due for completion in 2027. Once complete, it will connect Swords to Charlemont Street, linking Dublin Airport, Irish Rail, DART, Dublin Bus and Luas services.
High profile location on one of the busiest routes into Dublin with good retail letting prospects for a convenience store, neighbourhood retailers and local services such as an Estate Agent