DescriptionUnique mixed-use investment property comprising ground floor shop, a fully fitted and tenanted restaurant with 20 years unexpired lease (Upwards Only Rent Review Clause), and 5 stunning dual aspect apartments overhead. Montague Street is a vibrant thoroughfare on the edge of Dublin's Central Business District, linking Wexford Street and Camden Street with Harcourt Street, which in turn leads to Saint Stephens Green, less than a 5-minute walk from the property, affording access to Dublin's major retail streets, shopping malls, residential and office hubs, public parks and many other leisure facilities. Local occupiers include the Fresh convenience store, Icon Health Club, Butler's Pantry, Starbucks, Whelan's Bar and on Montague Street itself, the Green Bench Café, Meltdown, Wishbone, Frame, the offices of the National Youth Council of Ireland and the International Policy Division of the Department of Justice. Public transport options for occupants of this property are second to none, with regular Dublin Bus sevices, the Luas tram stop which just 415 metres from the property serves the Green Line and Cross City routes, which in turn connect with the Luas Red Line, ensuring swift effortless access across the City Centre connecting also with the IFSC and national transport hubs. For the energetic, Dublin Bikes stations are conveniently located on both Camden Street and at nearby Saint Stephen's Green.
AccommodationThe retail unit which features a traditional timber shop front, is currently configured with a large open plan area, ancillary staff kitchen and toilet to the rear. The restaurant which trades as Café Bliss, has provision for 36 covers, a large kitchen to the rear is fitted out and has storage units off. Over the first and second floors are provided 4 well proportioned, and cleverly configured dual aspect 1-bedroom apartments, with fitted wardrobes, fitted kitchens incorporating appliances, tiled bathrooms, and dining/living rooms with double doors leading to private timber decked balconies. Rising to the Penthouse you enter an impressive, light filled reception hall from which all rooms are accessed. There are 2 bedrooms, the master with fitted wardrobes and ensuite, and both feature timber decked balconies accessed through double doors. There is a tiled family bathroom and the kitchen which is newly fitted with a range of storage units, worktops and built-in appliances, also has a tiled floor. The dining area opens out through double doors to a truly magnificent south facing terrace, which is also accessible from the timber floored living room, with its large picture windows.
Features*Estimated Open Market Rental Value of €166,000 per annum
*Avail of lower stamp duty rates on residential portion of building
*No Vat on sale transaction, attractive for pension fund
*Very manageable South City Centre property
*High demand from both residential and commercial occupiers
DirectionsWalking from Saint Stephens Green up Harcourt Street, take first turn on the left into Montague Street.
Travelling down Wexford Street, take last turn on right (Fresh Convenience Store on corner) into Montague Street.