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POA

36 Wellington Quay, South City Centre, Dublin 2

Investment Property 183 m 2 Energy Rating


Description

•Excellent mixed use investment property
High profile location overlooking the River Liffey
Shop plus spacious 4 bed apartment on upper floors
Fully let producing € 49,200 per annum
Excellent reversionary potential
Tenants not affected

Location
This property occupies an excellent high profile position on Wellington Quay overlooking the River Liffey and close to the Halpenny Bridge. This is a prime city centre location and being on the edge of Temple Bar, it benefits enormously from the steady tourist pedestrian flow between O Connell Bridge and the Guinness Hop store.

Description
The property comprises a four storey over basement mixed use building which is laid out to provide a retail unit and ground floor and basement and a spacious four bedroomed apartment on the upper floors.

36 Wellington Quay Street offers an investor the opportunity to acquire a fully let mixed use building on one of Dublin's most popular quayside locations. The entire building is currently producing a combined rent of €49,200 per annum.

Tenancy
The Ground Floor and Basement are let to Dilion & Company Limited Ltd on 4 year and nine month lease from 01/05/14 and is subject to a reserved rent of €18,000 p.a exclusive. The tenant is liable for the local authority rates.

The entire upper floors are let on a six month lease from 11th September 2016 subject to a monthly rent of €2,600 per month (equates to €31,200 pa)

Title
Freehold

VAT
We are advised that VAT will not be applicable to this transaction.

Price
We are seeking offers in the region of €1,100,000.

BER Exempt

Viewing
Strictly and only by prior appointment through the sole selling agents.

BER Details

BER: Exempt

Lambert Smith Hampton

86-88 Leeson Street Lower, Dublin 2

Tel: 01 673 1400

PSRA Licence No.  001451  /  001451



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