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IrelandDublinDublin 4BallsbridgeSuite 531 and Room 530, Grand Canal Hotel, Ballsbridge, Dublin 4, D04X5X7

€430,000

Suite 531 and Room 530, Grand Canal Hotel, Ballsbridge, Dublin 4, D04X5X7

65m 2Energy RatingInvestment Refreshed on May 27, 2021
Eircode: D04X5X7
#64 of 78 Properties Viewed in Ballsbridge
Quillsen
Quillsen
Tel: 01 499 5050
PSRA Licence No. 002250
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Property Facilities
Parking
En-suite
Central Heating

Description

Attention all investors looking for a steady income and a fantastic hassle free alternative to having money sitting on deposit. For sale are two adjacent hotel suites together with three car spaces, in the ever popular 4 star Grand Canal Hotel, Dublin 2. Contracted annual rental income is €33,700 - 7.8% yield. The entire property is at present let to South Bay Limited for a term of 35 years from 2003. The property is sub-let to McEniffs Grand Canal Limited. The contracts are subject to upward-only rent reviews. The four-star McEniff-operated hotel is ideally situated within strolling distance to Grand Canal Dock, Ballsbridge and Baggot Street. It is also within walking distance to Sandymount, Merrion Square, St Stephen’s Green, Trinity College and all that the city centre has to offer. Guaranteeing business all year round, the location is close to hugely popular crowd pulling venues that include the Bórd Gais Theatre, the Aviva stadium, 3 Arena and the RDS. Surrounding businesses include Google HQ, Accenture and BT Communications Ireland.

Features

• Two hotel suite investment • 3 car parking spaces • Let to McEniffs Hotel group • Lease expiry 2038. • Current contracted rent reserved €33,700 per annum. • Net Initial Yield 7.9%.

BER Details

BER: B3 BER No.800638546

Viewing Details

Strictly by appointment.

Disclaimer

***All information provided is to the best of our knowledge. The utmost of care and attention has been placed on providing factual and correct information. In certain cases some information may have been provided by the vendor to ourselves. While every care is taken in preparing particulars the firm do not hold themselves responsible for mistakes, errors or inaccuracies in our online advertising and give each and every viewer the right to get a professional opinion on any concern they may have***
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