EXCELLENT MIXED USE INVESTMENT

FOR SALE BY PRIVATE TREATY

G R A T T A N S T R E E T D U B L I N 2

n Superb city centre location close to all local amenities.n Basement and Ground floor currently tenanted.n Two vacant one bedroom apartments.n Immediate opportunity to increase the rent roll though the letting of the vacant apartments.n The property is not subject to ‘Rent Pressure Zone’ legislation.

LocationThe subject property is located on the edge of Dublin city centre on Grattan Street, which connects Grand Canal Street Lower and Mount Street Lower. The location is a mixed commercial and residential area with notable occupiers including NAMA, Accenture, BT, Facebook, Hines and Stripe.

There are an abundance of services and amenities nearby including some excellent restaurants, cafes and bars, The National Maternity Hospital at Holles Street and The Schoolhouse Hotel.

The area is very well connected by public transport. Numerous Dublin bus routes serve the area and the DART station at Grand Canal Dock is approximately 800m east. The Luas green line stop at St Stephens Green is 2km from the subject property and there are also several Dublin bike stands in close proximity.

DescriptionThe property comprises a modern mixed use three storey over basement building which extends to approximately 306.77 sq.m (3,302 sq.ft).

The building is finished to a very high standard throughout. Accommodation provided includes a Pilates studio at basement level which provides reception area and a large open plan studio with storage and toilets provided. The ground floor is currently fitted out as a restaurant and provides for open plan customer accommodation and associated kitchen and storage facilities to the rear.

The first and second floors provide for 2 large and spacious one bedroom apartments which both provide kitchen/living room, toilet and large ensuite bedrooms in each. The apartments are independently accessed from Grattan Street.

The property is located within an area zoned Z4; “To provide and improve mixed-service facilities” and is within a Strategic Development and Regeneration area – SDRA 16 in the Dublin City Development Plan 2016-2022.

DisclaimerThese particulars are issued by Murphy Mulhall and Gillespie Lowe Commercial on the understanding that any negotiations relating to the property are conducted through them. While every care is taken in preparing them for themselves, Murphy Mulhall and for the vendor/lessor whose agents they are given notice that (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchasers or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Murphy Mulhall, Gillespie Lowe Commercial nor any of their employees have any authority to make or give any representation or warranty in relation to the property. PSRA LICENCE NUMBERS: 003754 / 002229

P H O E N I X P A R K

D A R T

CO

MM

UT

ER

RA

I L

G O L D E N B R I D G E

D O L P H I N S B A R N

T H E C O O M B E

M O U N T B R O W N

G R A N D C A N A L D O C K

GOOGLE

NATIONAL MATERNIT Y

HOSPITAL

S T O N E Y B A T T E R

M E R R I O N S Q U A R E

P E A R S E S T S T AT I O N

G R A N D C A N A LS T AT I O N

F O U R C O U R T S

D U B L I N C A S T L E

WAR MEMERORIAL PARK

K I L M A I N H A M H O S P I T A L

S T J A M E S ’ S H O S P I T A L

J A M E S ’ S

FAT I M A

S U I R R O A D

H E U S TO NH E U S TO NS TAT I O N

M E U S E U M

I N T E R C I T Y R A I LM4

M3

M7

Accommodation Schedule Floor Sq.m Sq.ft

Basement 86.12 927

Ground 82.78 891

First 82.88 892

Second 55.00 592

Total 306.77 3,302

Tenancy Schedule Floor Tenant Lease Rent Per Annum

Basement Form School 20 Year Lease from 01.06.18* €18,750

Ground Staple Foods Ltd. 7 Years from 01.10.18* €33,000

First Vacant One Bed Apartment Vacant €23,400*

Second Vacant One Bed Apartment Vacant €22,200*

Total (ERV) €97,350

▲ Staple Foods - Ground Floor Restaurant

Guide PriceIn excess of €1.4 million

BER

TenureWe understand the property is held Freehold and Unencumbered.

G R AT TA N S T

D U B L I N 2

Viewing Strictly by appointment through joint agents.

Brian GaffneyE: bg@murphymulhall.ie T: 01 5311032

Enda Hogan E: enda.hogan@glg.ie T: 01 4060000.

01 406 0000 PSRA 002229

*Terms Agreed – Currently in Legals.*ERV - €1,950 per month.*ERV - €1,850 per month.