55, Grafton Street, Dublin 2

€2,150,000 Energy Rating D02 FK61 685 Sq.ft


The Opportunity Excellent opportunity to acquire a neat commercial investment which is let to one of Ireland’s best known and longest established jewellery brands. Claddagh Jewellers, trading since 1967 are an Irish-owned family business. Uniquely they both design and manufacture jewellery in their own workshop in Galway, where they also have a store on Mainguard Street. The sale will be will be particularly attractive to a private investor seeking a superbly located building on Irelands premier shopping street. Title: We are advised that the property is Freehold and is subject to the following tenancy. The premises is let to Claddagh Jewellers Limited under a 10 year full repairing and insuring lease from the 14th July 2023 incorporating rent reviews at five intervals to open market. The reserved rent is € 150,000 per annum exclusive. The tenant has an option to break from the terms and conditions of the lease at the end of year 5 subject to giving the landlord six months prior notice and the payment of a penalty in the sum of €75,000. Rates: The tenant is responsible for the payment of the local authority rates which are € 26,590.20 VAT: There will be Vat on the purchase price. BER: G Price: We are seeking offers in the region of €2,500,000 which would equate to a net initial yield of 5.46% after deducting the usual purchasers costs.

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Property Price Register in Grafton Street
-€350,000 (-14.00%)
€2,500,000 €2,150,000
15th May 24
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Colliers (Commercial)
Colliers (Commercial)
Tel: 01 63...
PSRA Licence No. 001223

Date created: Oct 25, 2023

Colliers (Commercial)
Colliers (Commercial)
PSRA Licence No. 001223
Nigel Kingston
Tel: +353 ...
Call Agent: 01 63...