FOR SALE BY PRIVATE TREATY (TENANTS NOT AFFECTED) 22-23 Dawson Street Dublin 2
WHY DAWSON GREEN? CITY CENTRE LOCATION High-profile mixed-use block on Dawson Street, beside its intersection with St. Stephen s Green, in South Dublin City Centre. FULLY INCOME PRODUCING Fully let investment opportunity with four tenants with a current weighted average unexpired lease term of 5.64 years and a total passing rent of 323,000 per annum, and with excellent reversionary potential. HIGHLY SOUGHT AFTER RETAIL & RESIDENTIAL USE There are three retail units on the ground and basement floors with excellent profile and four luxury apartments overhead. 2 3
ONE MOLESWORTH STREET 90,000 SQ. FT. TEN MOLESWORTH STREET DAVY STOCKBROKERS 115,000 SQ. FT. 40 MOLESWORTH STREET 35,000 SQ. FT. NATIONAL MUSEUM OF IRELAND MANSION HOUSE CITY CENTRE LOCATION GRAFTON STREET 22-23 Dawson Street benefits from a pivotal location on Dawson Street, immediately adjacent to St. Stephens Green. STEPHEN'S GREEN SHOPPING CENTRE ST STEPHEN'S GREEN Dawson Street comprises a mix of restaurants, cafes, bars, office buildings and high end fashion boutiques. There are a number of large office newly completed office developments on nearby Molesworth Street, including One Molesworth Street, 10 Molesworth Street and 40 Molesworth Street, which which have delivered over 200,000 sq ft of additional office to the area. These new developments will further increase the level of footfall in the area and demand for leisure, retail and residential uses. Dawson Street benefits from excellent public transport links including Luas and Dublin Bus services. The Luas Cross City, which opened in December 2017, has increased the connectivity of the already thriving street making it easily accessible from both the north and south of the city. 4 5
HIGHLY SOUGHT AFTER RETAIL & RESIDENTIAL USE The property provides for three regular shape retail units with excellent profile on to Dawson Street. Two of the units have the benefit of food use, which are currently in high demand from occupiers in this location. There are four newly refurbished luxury apartments overhead. All apartments are generously proportioned 2 bedroom units. There is also a rooftop terrace, which is currently for exclusive use by the occupier of the apartments, with views over St. Stephen s Green. FLOOR PLANS LIFT AMUSE (RESTAURANT) SUNGLASSES.IE (SHOP) TANG (CAFE) FULLY INCOME PRODUCING The block is fully let on commercial leases, requiring minimal management for the new landlord. 214.56 sq. m. (2310 sq. ft.) TENANCY SCHEDULE Description Tenant Use Total Area sq.m. Total Area sq.ft. Lease Start Next Open Market Review Lease Expiry Contracted Rent pa LIFT HOTPRESS Restaurant Rateridge Ltd (T/A Tang) Retail 51.38 553 1-Jun-10 1-Jun-20 31-May-30 40,000 Retail Sunglasses.ie Retail 52.30 563 31-Mar-18 31-Mar-23 1-Apr-28 35,000 Restaurant Burnt Toast (T/A Amuse) Retail 110.88 1,194 1-Jul-04 1-Jul-19 30-Jun-24 80,000 BEDROOM BEDROOM BATHROOM UTIL- ITIES 1st Floor Apt Residential 92.62 997 2nd Floor Apt Dublin City Residential 98.48 1,060 3rd Floor Apt Hospitality Residential 98.48 1,060 21-Nov-16 N/A 20-Nov-21 168,000 EN-SUITE KITCHEN LIVING/DINING 4th Floor Apt Residential 98.48 1,060 Total 602.62 6,487 323,000 Typical Floor 98.48 sq. m. ( 1,060 sq. ft.) 6 7
CONTACTS & FURTHER INFORMATION SELLING AGENT SOLICITOR Dillon Eustace 33 Sir John Rogerson s Quay Dublin 2 Savills Ireland 33 Molesworth Street Dublin 2 www.savills.ie PSRA: 002233 Steven Cronin Steven.cronin@savills.ie +353 (0) 1 618 1429 Louise Wright louise.wright@dilloneustace.ie +353 (0) 1 673 1817 Title Title is Freehold. Dessie Kilkenny Dessie.kilkenny@savills.ie +353 (0) 1 618 1401 Disclaimer: Savills Ireland and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills Ireland nor any of its employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 Government of Ireland. 2