Room 329, The Grand Canal Hotel, Canal Street, Ballsbridge, Dublin 4

Sold D04 X5X

Room 329, The Grand Canal Hotel, Canal Street, Ballsbridge, Dublin 4

Sold

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Beds
Price	Sold
Property Type	Investment Property
Size	meters²
Energy Rating	BER-
Refreshed on
Eircode	D04 X5X

Description

The Grand Canal Hotel is regarded as one of the best located hotels in Dublin City Centre and is situated in leafy Ballsbridge. It is within close proximity of bars, restaurants, parks and within striking distance of The IFSC, Convention Centre, Three Arena and the Central Business District. The hotel is within very easy access of the Dart at the Grand Canal Dock and Spencer Dock Luas stop. It is also within easy access of Dublin Airport and the main Bus and Rail stations.

Features

Complimentary Wi-Fi Tea/Coffee Making Facilities 24 Hour Room Service En-Suite With Bath & Power Shower Work Desk Direct Dial Phone In Room Safe Ironing Station Hair Dryer

Investment Highlights

One Individual En-Suite Hotel Bedroom Let to an Established Hotel Operator On A 35 Year Lease From 2003 Gross Rent €6,657 p.a. No Annual Management Charges Good Tenant Covenant

Tenancy

The entire property is at present let to South Bay Ltd. for a term of 35 years from 2003 at a current gross rent of €6,657 per annum exclusive of rates. The lease provides for full repairing and insuring covenants. We understand the interest of South Bay Hotels Limited has been sub-let to McEniffs Grand Canal Hotel Limited whose interest is guaranteed by McEniffs Bundoran Limited and Brian McEniff. This sub-lease relates to the entire of the premises known as Grand Canal Hotel.

Description

The Grand Canal Hotel is regarded as one of the best located hotels in Dublin City Centre and is situated in leafy Ballsbridge. It is within close proximity of bars, restaurants, parks and within striking distance of The IFSC, Convention Centre, Three Arena and the Central Business District. The hotel is within very easy access of the Dart at the Grand Canal Dock and Spencer Dock Luas stop. It is also within easy access of Dublin Airport and the main Bus and Rail stations.

Features

Complimentary Wi-Fi Tea/Coffee Making Facilities 24 Hour Room Service En-Suite With Bath & Power Shower Work Desk Direct Dial Phone In Room Safe Ironing Station Hair Dryer

Investment Highlights

One Individual En-Suite Hotel Bedroom Let to an Established Hotel Operator On A 35 Year Lease From 2003 Gross Rent €6,657 p.a. No Annual Management Charges Good Tenant Covenant

Tenancy

The entire property is at present let to South Bay Ltd. for a term of 35 years from 2003 at a current gross rent of €6,657 per annum exclusive of rates. The lease provides for full repairing and insuring covenants. We understand the interest of South Bay Hotels Limited has been sub-let to McEniffs Grand Canal Hotel Limited whose interest is guaranteed by McEniffs Bundoran Limited and Brian McEniff. This sub-lease relates to the entire of the premises known as Grand Canal Hotel.

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Ed Dempsey & Associates

Tel: +353 ...

PSRA Licence No. 003903

Date created: Dec 5, 2018