56 MARY ST/32-36 WOLFE TONE ST SUPERB MIXED USE PROPERTY FOR SALE IN ONE OR MORE LOTS

Transcription

1 56 MARY ST/32-36 WOLFE TONE ST SUPERB MIXED USE PROPERTY FOR SALE IN ONE OR MORE LOTS

2 Investment Summary Superb City Centre Mixed Use Investment Opportunity. 56 Mary Street comprises a four storey over basement level property with approx. 127 sq.m. of commercial space at ground floor and basement level and approx sq.m. of residential accommodation on the upper levels Wolfe Tone Street comprises commercial unit of approx. 1,104 sq.m. a ground floor busiest retail Properties can be purchased in one lot or individually. Ideally located close to thoroughfares in Dublin city. one of the Benefits from vacant possession and offers a rare large ground level floor plate suitable for a variety of retail/leisure/ restaurant uses Subject to Planning Permission. Location The properties are located on Mary Street and adjacent Wolfe Tone Street. Mary Street adjoins Henry Street which is one of Dublin City's prime shopping districts boasting one of Ireland's highest footfall figures and home to the Jervis Shopping Centre, Ilac Shopping Centre, Arnotts and Debenhams departments stores. Henry Street currently generates weekly footfall figures of over 600,000 and Mary Street is superbly placed to benefit from this large volume of passing trade. The area is one of Dublin's most vibrant locations with a vast array of contrasting uses including fashion, antiques, furniture/ hardware, ethnic foods as well as offices and residential making the area a lively day and night destination. Notable retail occupiers in the area include Smyth's Toys, Toymaster, Cineworld, Forever 21, AIB, Carrolls Gifts and Primark. Eateries in the area include Nandos, The Church Bar & Restaurant and McDonalds. More recently, adjacent Capel Street has seen a significant increase in the number of bars and restaurants including The Black Sheep, brasserie 7, D One, the Boars Head, Pantibar and Brother Hubbard. The area is also a significant employment centre with numerous headquarter offices including the Capel Building, Chapel House, Chapter House, Jervis House and Kings Inn House all closeby. Local office occupiers include AXA Insurance, Version 1 Software, Activision Blizzard & numerous Government Departments.

3 Transport Being a city centre location, the area is conveniently serviced by the Luas Red Line Jervis stop which runs from Saggart, Co. Dublin to the 3 Arena, Dublin 1. Luas Red Line stops include Heuston Station, Connolly Station and Busarus. The DART is accessible from Connolly Station and Tara Street which are also within walking distance. The location is well serviced by Dublin Bus with numerous routes running at high frequency during peak times from O'Connell Street, Parnell Square and The Quays. Located directly outside the properties is a Dublin Bikes station and there are numerous public car parks located in the immediate vicinity. Description Wolfe Tone Street comprises an extensive retail floor plate on the ground floor of a five storey over basement mixed use residential/commercial infill development dating from the 1990's. The unit is currently laid out as a retail shell with small individual retail units partitioned in a mall like style. There is also a mezzanine level to the rear of the unit providing additional accommodation. The property benefits from a glazed facade fronting Wolfe Tone Street with a shop frontage of approximately 17 metres. 56 Mary Street comprises a four storey over basement level property with commercial use at ground and basement level and residential on the upper floors. It is currently laid out with three small retail units at ground floor level. There was previously an opening connecting the ground floor of 56 Mary Street to the Ground floor of Wolfe Tone Street which has been removed by the reinstatement of the block wall. There is a basement under the retail unit providing storage and two WC's. The shop benefits from a shop frontage of approximately 6 metres. Access to the upper floors is via an apartment building on Wolfe Tone Street. There is no direct access from the ground level on Mary Street. The residential accommodation is located from first to third levels. It is laid out as one 6 bedroom apartment. There are 6 bedrooms, three on each of the upper two floors and there is a large shared living room/kitchen to the rear of the first floor.

4 Area 56 Mary Street Approximate Floor Areas are as follows: 32/36 Wolfe Tone Street (Ground Floor & Mezzanine only) Use 56 Mary Street Ground floor and basement level is currently in retail use but would suit a variety of uses subject to planning permission. Upper floors are currently in residential use. 32/36 Wolfe Tone Street Currently in retail use but would suit a variety of uses subject to planning permission. Zoning Under the Dublin City Council Development Plan , the site has been zoned Z5, the objective of which is: To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity. For Identification Purposes only - Not to Scale

5 Permissible Uses Amusement/leisure complex, ATM, bed and breakfast, betting office, buildings for the health, safety and welfare of the public, car park, car trading, childcare facility, civic offices, community facility, cultural/recreational building and uses, delicatessen education, embassy office, funeral home, guest house, hostel, hotel, internet cafe, live work units, medical and related consultants, nightclub, office, offlicence, public house, residential, restaurant, shop (district), shop neighbourhood, takeaway among others. BERS Wolfe Tone Street: 56 Mary Street: Price LOT 1-56 Mary Street - Excess 600,000 LOT Wolfe Tone Street - Excess 1,000,000 LOT 3 - The Entire - Excess 1.6 million Viewing Highly recommended and by appointment with Sole Agent Knight Frank Contact Ross Fogarty Shaun Collins Ross.fogarty@ie.knightfrank.com Shaun.collins@ie.knightfrank.com Data-site For Identification Purposes only - Not to Scale KnightFrank.ie /21 Upper Pembroke Street Dublin 2 Conditions to be noted: These particulars are issued by HT Meagher O Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of these particulars, they do not constitute an offer or contract. All descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only, they are given in good faith and believed to be correct, and any intending purchaser/tenant should not rely on them as statements or representation of fact but should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any VAT arising on the transaction. Neither HT Meagher O Reilly trading as Knight Frank or any of their employees have any authority to make or give any representation or warranty in respect of this property. HT Meagher O Reilly trading as Knight Frank, Registered in Ireland No , PSR Reg No HT Meagher O Reilly New Homes Limited trading as Knight Frank, Registered in Ireland No , PSR Reg No Registered Office Upper Pembroke Street, Dublin 2.