Unique Recently Refurbished CafÃ© in Ranelagh Village
Fully let to â€œTwo Fifty Square Coffeeâ€
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 capitalâ€™s most exclusive properties with many of the local coffee shops, restaurants and local businesses catering to the areaâ€™s strong weekend demand. These include Exchequer Wine Bar, TriBeCa, SuperValu, Flye Fit and McSorleyâ€™s.
Exceptional opportunity to acquire a busy high-quality cafÃ© 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 cafÃ©.
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 cafÃ©s, the business roasts their own coffee beans and supplies many of the higher-end artisanal cafÃ©s in Dublin.
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.
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