18 Dame Street, Temple Bar, Dublin, D02 XF59

Description

McNally Handy are pleased to bring to the market an exciting investment opportunity location on Dame Street, No.18 comprises a five-storey over basement mid-terrace mixed-use building situated on the Dame Street, Dublin 2. The property extends to an approximate net internal area of approximately 452.28sqm (4,868.35sqft) and comprises a ground floor and basement restaurant unit together with self-contained office accommodation arranged over the floor upper floors. The ground floor is occupied and fitted out for restaurant use and basement is used for ancillary customer and staff/storage facilities and direct rear access onto Dame Lane. Whilst the upper floors provide a mixture of cellular office accommodation over each of the upper floors. Access to the upper floors is provided via a separate entrance from Dame Street, allowing independent occupation from the ground floor occupier. The fourth floor is currently in need of refurbishment would could be suited for a variety of uses subject to planning permission. 18 Dame Street occupies a prominent position on Dame Street, close to its junction with South Great George's Street, within the heart of Dublin City Centre. Dame Street is one of Dublin's most established commercial thoroughfares, forming a key link between College Green and Trinity College Dublin to the east, and Dublin Castle and the western city centre. The location benefits from excellent connectivity and strong levels of pedestrian activity, positioning the property within a well-established and highly accessible area. The property is situated close to a number of Dublin's most recognised commercial and cultural landmarks, including Trinity College Dublin, Dublin Castle, Temple Bar, Central Bank Plaza and Grafton Street. This combination of accessibility, established amenities and a diverse occupier base reinforces Dame Street's position as a sought-after commercial location within Dublin's city centre. FLOOR Tenant Lease Start Term Lease Expiry Rent Per Annum Ground Floor Basement Manakamana Trading Limited t/a Kathmandu Kitchen March 2011 20 years 2041 95,000 10 years by DOV* *With solicitors* First Floor City Colleges Education Limited t/a City Education Group October 2024 3 years 2027 30,000 Second Floor Third Floor City Counselling Psychotherapy Services Limited t/a City Therapy September 2019 10 years 2029 31,000 Fourth Floor Vacant Refurbishment Opportunity INVESTMENT SUMMARY Conveniently located in a high-profile position on Dame Street Five storey over basement extending to approx. 452.28sqm (4,868.35sqft) Current rental income 156,000 per annum Secure income stream with a Weighted Average Unexpired Lease Term 9.58 (WAULT) FEATURES Refurbishment potential to vacant floor Security alarm Excellent DART and Luas connectivity Close to Temple Bar, Trinity College, Grafton Street and St Stephen's Green Excellent mixed use city centre investment

Negotiator

Carley Fahey

Description

Negotiator

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