FOR SALE BY PRIVATE TREATY FOR...
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FOR SALE BY PRIVATE TREATY EXCELLENT MIXED USE INVESTMENT PROPERTY WITH DEVELOPMENT POTENTIAL [Subject to Planning permission] AGAR • 3 Retail Properties, with overhead self-contained apartments, together with rear yard with potential to build 3 or 4 storey duplex style townhouses; or 4/5 apartments; or offices [subject to planning]. • Presently producing an income of €195,430 per annum, with vacant possession of retail unit at no. 157 Capel Street, with ERV of additional €25,000 pax. • Sale not subject to VAT. • Reversionary potential for retail units. FOR SALE agar.ie 156 - 157 - 158 Capel Street, Dublin 1.
Transcript of FOR SALE BY PRIVATE TREATY FOR...
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FOR SALE BY PRIVATE TREATY
EXCELLENT MIXED USE INVESTMENT PROPERTY WITH
DEVELOPMENT POTENTIAL [Subject to Planning permission]
AGAR• 3 Retail Properties, with overhead self-contained apartments, together with rear yard with potential to build 3 or 4 storey duplex style townhouses; or 4/5 apartments; or offices [subject to planning].
• Presently producing an income of €195,430 per annum, with vacant possession of retail unit at no. 157 Capel Street, with ERV of additional €25,000 pax.
• Sale not subject to VAT.
• Reversionary potential for retail units.
FOR SALEagar.ie
156 - 157 - 158 Capel Street,Dublin 1.
LOCATION:156 – 158 Capel Street is located on the western side of Capel Street, midway between Mary’s Abbey / Abbey Street, and Strand Street, in the North
City Centre core, being one of the busiest shopping and tourist areas of Dublin. The locality benefits from a number of International Hotels, with other
attractions of note including the GPO, The Gate Theatre, Spire, Four Courts etc. The area is exceptionally well serviced by public transport, Luas, Dart
and numerous bus routes.
The property comprises three and four storey terraced buildings, with retail at ground floor, with 8 overhead self-contained apartments.
The properties are in excellent condition having been entirely refurbished 10 years ago, and have the additional benefit of a rear yard suitable for
development, subject to Planning Permission.
ACCOMMODATION:
156 Capel Street
• Ground Floor Retail Unit c 810 Sq. Ft.
Let to Irish Cancer Society.
• First Floor – one bedroom apartment, living room / kitchen,
bathroom.
• Second Floor – one bedroom apartment, living room / kitchen,
bathroom.
157 Capel Street
• Ground Floor Retail Unit c 524 Sq. Ft.
Vacant Possession.
• First Floor – One bedroom apartment.
• Second Floor – One bedroom apartment.
• Third Floor – One bedroom apartment.
158 Capel Street
• Ground Floor Retail Unit c 450 Sq. Ft.
Lease renewal to Camerino Café.
• First Floor – One bedroom apartment.
• Second Floor – One bedroom apartment.
• Third Floor – One bedroom apartment.
TITLE:
We are advised that the property is freehold, subject to the below
tenancies.
156 Capel Street:
• Retail Unit: Let to Irish Cancer Society for a term of 10 years
from July 2015 subject to a rent review in July 2020.
Rent - €22,500 per annum.
• Apartment 1st Floor – one year lease at €18,000 per annum.
• Apartment 2nd Floor – one year lease at €19,680 per annum.
157 Capel Street:
• Retail Unit - Vacant.
• First Floor apartment – one year lease at €15,750 per annum.
• Second Floor apartment – one year lease at €18,780 per annum.
• Third Floor apartment – one year lease at €19,620 per annum.
158 Capel Street:
• Ground Floor Retail Unit – lease renewal for 4 years and 9
months, subject to a rent of €22,000 per annum.
• First Floor apartment – one year lease at €19,800 per annum.
• Second Floor apartment – one year lease at €20,100 per annum.
• Third Floor apartment – one year lease at €19,200 per annum.
AGAR
PRICE: On application.
BER: On application.
VAT: VAT will not be applicable to a sale.
DEVELOPMENT POTENTIALAn indicative appraisal and report by Kenny Kane Architects would indicate development potential in the rear yard, subject to planning, to construct either of 2 x 1 bed apartments together with 2 x 2 bed apartments, or alternatively 3 or 4 duplex style 2 bed town houses.
* All interested parties should satisfy themselves as to development potential referred to above.
Suite 12 The MallBeacon CourtSandyford, Dublin 18
Contact: Ben PearsonT: 01-2137777E: [email protected]: agar.ie
ViewingVIEWING BY PRIOR APPOINTMENT
Disclaimer: The information contained in our advertisements/brochures are issued by Agar on the understanding that all negotiations are conducted through them. Whilst every care has been taken in the preparation of the information it does not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artist’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The information is given in good faith but no intending purchase/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the information given. None of Agar, its employees or agents makes or gives any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by intending purchaser/ tenant or any third party arising out of the information. Prices are quoted exclusive of applicable taxes such as VAT & stamp duty (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for VAT arising on the transaction. All maps produced by permission on the Ordnance Survey Ireland Licence No. AU 0002612 © Government of Ireland. PSRA No.003810
