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Sale Agreed
Refreshed on: 21/02/2018

3, Ranelagh, Dublin 6

Investment Property 36.5 m 2 Energy Rating


Description

Unique Recently Refurbished Café in Ranelagh Village
Fully let to “Two Fifty Square Coffee”
Producing €30,000 Per Annum (exclusive)
Exceptional Passing Trade from LUAS Station
Tenants Not Affected

3 Ranelagh is a unique coffee shop enjoying a pivotal location at the City end of Ranelagh Village and adjacent to the main entrance to the local LUAS Station. The location is c.1.5km from the City Centre, Rathmines and Donnybrook and also enjoys excellent transport links to the national road network.

Ranelagh is an exceptionally popular destination for shopping and business throughout the week, while the evenings and night-time are popular with who are drawn to the numerous high-end bars and restaurants that the area has become synonymous for.

The surrounding residential roads are home to some of the capital’s most exclusive properties with many of the local coffee shops, restaurants and local businesses catering to the area’s strong weekend demand. These include Exchequer Wine Bar, TriBeCa, SuperValu, Flye Fit and McSorley’s.

Exceptional opportunity to acquire a busy high-quality café in this most prestigious of locations, with the added benefit of regular passing trade from the busy LUAS Station. Extending to 36.5 Sq.M., this property is in excellent order throughout, having been completely renovated in 2016-2017 and now featuring a central vaulted ceiling (featuring storage areas) overhead the main café.

Covenant
Two Fifty Square Coffee is a well-known coffee chain which has established a strong reputation amongst coffee lovers through their original Rathmines outlet. In addition to cafés, the business roasts their own coffee beans and supplies many of the higher-end artisanal cafés in Dublin.

Title
We are advised that the property is freehold subject to the following tenancy:
The entire building is let to Two Fifty Square Coffee Bar Limited on a 15 year lease dated September 2017, and is subject to a reserved rent of €30,000 per annum (exclusive). The lease incorporates rent reviews at 5 yearly intervals to Open Market.

There is ...

Lambert Smith Hampton

Grafton Buildings 34 Grafton Street Dublin 2 D02 XY06

Tel: 01 6731400

PSRA Licence No.  001451  /  001451



Sale Agreed
Sale Agreed
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