Investment Opportunity For Sale. 10 St. Stephen s Green, Dublin 2

Transcription

1 Investment Opportunity For Sale 10 St. Stephen s Green, Dublin 2

2 Prime Georgian Investment 10 St. Stephen s Green, Dublin 2 For Sale seeking offers in the region of 1,350,000 Investment Summary Opportunity to acquire a strategically located Georgian investment property with 100% occupancy 3 storey over basement level extending to c.414 sq.m. (4,456 sq.ft) GIA Current tenants include Il Posto Restaurant and No.10 St. Stephen s Green Bar Current contracted rent of 114,000 per annum exclusive Prestigious address with frontage onto St. Stephen s Green For sale by way of Private Treaty, tenants are not affected Il Posto Restaurant

3 Description 10 St. Stephen s Green is a mid-terrace Georgian building extending to c.414 sq.m. (4,456 sq.ft) GIA in total over basement, hall level, first and second floor. The property is occupied in its entirety by Il Posto Restaurant at basement level and No.10 Bar on the remaining floors. The combined current contracted rent is 114,000 per annum exclusive of VAT, rates or other standard occupancy costs. Location The property is strategically located on St. Stephen s Green, Ireland s most recognised and prestigious address. Grafton Street and St. Stephen s Green Gardens are located within steps of the property in addition to a wide variety of restaurants, bars, cafes, gyms, retail shops and the central business district. The area is a hive of business, tourist and shopping activity throughout all seasons. No.10 Stephen s Green Bar

4 Tenancy Schedule DEMISE Basement level & Part Hall Level Hall level in Part PROPERTY STATUS Let Let USE TENANT TRADING AS Restaurant Bar First Floor Let Bar Second Floor Let Office & Store Sunday River SLJ Restaurants SLJ Restaurants SLJ Restaurants SQ.FT. GROSS INTERNAL AREA TERM LEASE START LEASE END BREAK OPTION REVIEW DATE CON- TRACTED RENT Il Posto 1, Years 01/06/96 31/05/21 NA 30/05/16 42,000 No. 10 St. Stephen's Green Bar No. 10 St. Stephen's Green Bar No. 10 St. Stephen's Green Bar Total Gross Internal Area Years 09/11/14 08/11/24 08/11/19 NA 72, Years 09/11/14 08/11/24 08/11/19 NA As above Years 09/11/14 08/11/24 08/11/19 NA As above 4, Subtotal 114,000 First Floor

5 Local Transport Links The area benefits from well serviced public transport links including the LUAS Green Line, the DART at Grand Canal Dock and a number of Dublin Bus routes. Dublin Bike rentals also have a station located on Herbert Place at Baggot Bridge. Multiple Dublin Bus routes Luas Green line at St Stephen s Green Located at Pearse Street Station Multi Storey car parks & on street parking Bike station located on St Stephen s Green Basement Restaurant

6 DAME ST. GEORGE S ST. COLLEGE GREEN TRINITY COLLEGE GRAFTON ST. DAWSON ST. NASSAU ST. KILDARE ST. 10 St. Stephens Green PEARSE ST. CUFFE ST. ST. STEPHENS GREEN MERRION SQUARE HARCOURT ST. IVEAGH GARDENS EARLSFORT TCE. LEESON ST. LWR. MERRION ROW FITZWILLIAM SQUARE WILTON PLACE BAGGOT ST. LWR. MOUNT ST. LWR MOUNT ST. UPR HERBERT PLACE GRAND CANAL ST. LWR. HADDINGTON ROAD WILTON TCE. MESPIL ROAD BAGGOT ST. UPR. GRAND PARADE Guide Price Seeking offers in the region of 1,350,000 Viewing By appointment with sole sales agent Ganly Walters VAT We have been advised that VAT is not applicable to this sale. However, any VAT liability that may arise will be the responsibility of the purchaser(s) BER BER Exempt Evan O Reilly eoreilly@ganlywalters.ie Siobhan Young syoung@ganlywalters.ie Percy Place, Dublin 4 ganlywalters.ie PSRA No: Important Notice Ganly Walters for themselves and for the Vendors of this property whose agents they are given notice that: Receipt of these particulars implies an obligation to conduct all negotiations through this company only. The contents shall not be construed to form that basis of any contract. Whilst every care is taken in their preparation, the company will not hold themselves responsible for any inaccuracies contained therein. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties, which have been sold, let or withdrawn.