|Property Type||Investment Property|
|Refreshed on||Sep 7, 2023|
72 Grafton Street is a four storey over basement retail unit, situated on a prime stretch of Grafton Street with optimal positioning opposite South Anne Street. It offers a sizable lease area of 765.80 sq m (8,243 sq ft) over three floors (ground, first and basement). The unit underwent a significant refurbishment programme prior to The White Company occupying the unit in 2018 and provides one of Grafton Street’s most impressive interiors including a fully restored vaulted ceiling. The unit provides a rare double height entrance and a generous seven meters (approx.) of frontage onto Grafton Street.
Approx. 8,243 sq ft NIA of prime high street floor space across three floors Including an impressive approx. 3,078 sq ft NIA of ground floor retail space Double height entrance with stunning vaulted ceiling to rear Goods inwards access and elevator to rear of property Approx. 7 metre wide glazed shopfront Current passing rent of approx. €570,000 per annum Remaining lease term of approx. 9.5 years to expiry Remaining lease term of approx. 4.5 years to the nearest break Strong tenant covenant with UK parent company guarantee in place Tenant not affected
BER Rating B3
Grafton Street is Dublin’s premier shopping destination located in the heart of the city centre. It reported footfall of approx. 22 million visitors over the 12 months to end-Q1 2023. The wider surrounding area is an eclectic mixed-use centre comprising high-end restaurants, pubs, hotels, retail outlets and office space. Grafton Street is readily accessible by private and public modes of transport. The LUAS Green line provides access to the south suburbs while the LUAS Cross City provides access to the north. The LUAS line carries over 34 million passengers per annum to / from the city centre. The Grafton Street area is well served by carparks with nine public carparks providing approximately 3,222 car spaces.
Date created: Sep 7, 2023