Suite 37, Grand Canal Hotel****, Grand Canal Street Upper, Ballsbridge, Dublin 4

Sale Agreed

Beds	2 beds
Price	Sale Agreed
Property Type	Apartment
Size	45 meters²
Energy Rating	BER-D1
Refreshed on	Apr 30, 2024
Eircode	D04 X5X7

Description

***GREAT INVESTMENT OPPORTUNITY IN PRIME LOCATION*** For sale by Kelly Bradshaw Dalton Ltd via the iamsold Bidding Platform Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit www.iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment. The subject investment package consists Two En-Suite Hotel Bedrooms plus a Designated Parking Space which is Let to an Established Hotel Operator On A 35 Year Lease From 2003 Net Rent €19,000p.a. With 5 Year Upward Only Rent Reviews No Annual Management Charges Good Tenant Covenant 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.

Accommodation

Each of the rooms are designed to ensure your comfort with an array of amenities that include complimentary Lavazza Coffee Machines, refreshing mineral water upon arrival, luxurious Rituals toiletries, high-speed Wi-Fi and smart TV for your entertainment.

Features

Fully Equipped Gym 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

BER Details

BER: D1 BER No.800984163 Energy Performance Indicator:1262.78 kWh/m²/yr

Directions

Located next to the Grand Canal and within easy walking distance of Grafton Street, this 4-Star hotel is perfectly located for your Dublin getaway The hotel is minutes from the The Aviva Stadium, Bord Gais Energy Theatre, RDS, and 3 Arena.

Viewing Details

Restricted viewing by appointment only

Investment Feature

Two En-Suite Hotel Bedrooms plus a Designated Parking Space Let to an Established Hotel Operator On A 35 Year Lease From 2003 Net Rent €19,000p.a. With 5 Year Upward Only Rent Reviews 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 net rent of €19,000 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

Accommodation

Features

Fully Equipped Gym 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

BER Details

BER: D1 BER No.800984163 Energy Performance Indicator:1262.78 kWh/m²/yr

Directions

Viewing Details

Restricted viewing by appointment only

Investment Feature

Tenancy