22 Ely Place is an impressive restaurant and office investment opportunity in Dublin 2.
This four storey over basement Georgian property is located within easy walking distance of Grafton Street.
The basement and ground floor are in use as a bar/ restaurant (Ely Wine Bar), and the upper floors are in office use.
22 Ely Place is an attractive investment opportunity comprising a four storey over basement terraced Georgian building in Dublin city centre.
The basement and ground floor are in bar and restaurant use, and the first, second and third floors are in office use.
The property is fully let. The tenants are Ely Wine Bar (basement, ground and first floors), Fitzpatrick Consultants (first floor), Gourmet Burger (second floor) and Abacus Accounting (third floor).
The property extends to 350 sq. m. (3,765 sq. ft.).
The annual rent roll is €127,000 with a weighted average unexpired lease term (WAULT) of c. 5.2 years. Ely Wine Bar accounts for 65% of the overall rent roll.
The property is very well located in Dublin 2, with high profile occupiers such as The Shelbourne Hotel, The National Concert Hall, The Merrion Hotel and Government Buildings all in the vicinity of the subject.
This is an investment sale and the tenants are not affected.