The Bull Ring, Meath Street, Dublin 8

Transcription

1 The Bull Ring, Meath Street, Dublin 8 Mixed Use Investment Opportunity For Sale By Private Treaty Tenants Not Affected

2 Content 04 Investment Summary 05 The Property 06 Location Accommodation & Tenancy Contact Information

3 P04 P05 Investment Considerations 1 An attractive mixed-use investment 2 Centrally located in Dublin The property is located on the eastern side of Meath Street, in the heart of The Liberties. 917 sq.m. (9,870 sq.ft.) NIA 5 Total current rent 204,500 p.a. 6 Estimated rental value 285,000 p.a Excellent public transport connectivity Tenants include EDI Factory Ltd t/a Celtrino and Tasty 8 Restaurant & Café Guide Price 3,750,000 The Property The subject property comprises a modern three storey block extending to approximately 917 sq.m. (9,870 sq.ft.) over three levels. The ground floor provides for 1 x cafe unit, 1 x retail unit and 1 x unit with planning for restaurant / takeaway use (ranging in size from 1,100 sq.ft. 1,280 sq.ft.), together with 2 x levels of office accommodation accessed via a private entrance to the eastern side of the building. The office accommodation benefits from a private terrace at second floor level. The building was refurbished in its entirety during the course of 2015/2016 with a new facade, windows and shop-fronts installed. In addition to this, new fire protection & building services have been installed throughout. Office Specification: Raised access floors Exposed ceilings New fit-out completed by landlord to current tenant s specification New Daikin HRV air conditioning system New electrical and mechanical installations New 8 x person passenger lift Tenants Not Affected

4 P06 P07 Location Luas 10 MIN WALK Bus ON DOORSTEP Dublin Bikes 2 MIN WALK Taxi Rank ON DOORSTEP Schedule of Accommodation The property is located on the eastern side of Meath Street close to the junction with both Carman s Hall and Engine Alley, in the heart of The Liberties. The Liberties are ideally situated approximately 1km Southwest of the City Centre. Traditionally associated with market traders, local family-owned businesses as well as whiskey distilling, it is now a centre of enterprise, innovation, art, design, leisure, entertainment and commercial life. It is the home of the tech and media hub as well as medical and education centres. The immediate vicinity benefits from many popular tourist attractions such as the Guinness Storehouse approximately 600m to the west, Teelings Whiskey Distillery approximately 550m to the south and Christ Church Cathedral situated approximately 700m to the east. The famous Vicar Street venue is a short 2 minutes walk from the property. There are a number of student accommodation developments in the area including Newmarket, Thomas Street (opening September 2018) and Garden Lane/Carman s Hall (construction commencing April 2018). The area is well served by public transport with numerous Dublin Bus routes, Dublin Bike depots and the Red Luas line. REGINALD STR THOMAS STREET HANBURY LANE MEATH PLACE LEGIT COFFEE TESCO EXPRESS ST. CATHRINES CHURCH MEATH STREET LIBERTY MARKET THOMAS STREET PHARMACY VICAR STREET VICAR STREET ENGINE ALLEY SWIFT ALLEY TRAMYARD EXCHANGE THOMAS STREET CATHERINE STREET ASH STR GARDEN LN FRANCIS STREET DISTRICT 8 LIFFEY COLLEGE SPITAFEILD TIVOLI BACKSTAGE DEAN SWIFT SQ FRANCIS STREET THE JUG Floor Area Sq.m. Area Sq.ft. Tenant Lease Start Lease Expiry Rent Review Annual Rent ( ) Ground 102 1,100 Individual t/a * ,000 (67/68) Tasty 8 Ground (69) 119 1,280 Vacant Ground (70) 102 1,100 Vacant First & Second 594 6,390 EDI Factory Ltd t/a Celtrino ,500 ** *** Total 917 9, ,500 * Tasty 8 have a tenant only break option in year 5 ** In addition to the contracted rent, EDI Factory Ltd t/a Celtrino pay the Landlord 10,000 p.a. for the provision of 10 x car parking spaces to be provided by the Landlord at a location not more than 450 metres from the Demised Premises. *** By way of Side Letter between the Landlord and EDI Factory Ltd t/a Celtrino, it has been agreed that the tenant s total sum payable annually will not exceed 210,000 (ex VAT) Tenant Information EDI Factory Limited t/a Celtrino is a leading EDI Managed Service Provider in the UK and Ireland and a supply chain automation specialist. EDI Factory Limited has a Vision Net Rating of 94/100.

5 Title No. 67, 68 & 69 - Long Leasehold No Freehold Guide Price 3,750,000 ex VAT Viewing All viewings are strictly by appointment through the joint selling agents. BER BER Nos: Available Upon Request Energy Performance Indicator: kwh/m²/yr kwh/m²/yr1.56 Joint Selling Agents ORE Bryan Garry T: +353 (0) E: bryan.garry@qre.ie Ellen Prenderville T: +353 (0) E: ellen.prenderville@qre.ie Kelly Walsh Bryan Molloy T: +353 (0) E: bryan@kellywalsh.ie PSRA No PSRA Registration No The agents on their own behalf and on behalf of the vendor/lessor of this property, give notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither the agents nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness.