Hotel Suites 205 & 207, The Grand Canal Hotel, Grand Canal Street, Dublin 4
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Auction
- Lot 8
- Ireland
- Hotel Suite
- Commercial
Sold for €286,000
Property Summary
- A hotel suite investment.
- Comprising 2 x one bedroom hotel rooms together with 1 car parking space.
- Extending to approximately 47 sq.m (506 sq. ft) in total.
- Let to Southbay Hotel Limited.
- Lease expiry 2039.
- Current rent reserved €19,072.92 per annum inclusive of car parking space.
- Net Initial Yield 7.88%.
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Property description
The property is arranged to provide 2 x one bedroom hotel suites together with 1 car parking space. The property is situated within the Grand Canal Hotel on Lower Grand Canal Street in the heart of the Dublin Docklands. The area is predominantly mixed use commerical in nature with the Aviva Stadium, Dublin City Centre and a hub of multinational offices within close proximity.
Total floor area extending to approximately 47 sq.m (506 sq. ft).
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.
Tenancy
The entire property is at present let to Southbay Limited on a 35 year lease from April 2004 at a passing rent of €19,072.92 per annum inclusive of 1 car parking space.
VAT
Additional Information
Please ensure that you have registered and paid your Bidder Security via bank transfer in good time before the auction so that we can ensure you are approved to bid.
Important: We do not accept Same Day / Urgent payments.
Payments must be standard SEPA payments. If you are making a payment from outside Europe (e.g. SWIFT payment), please contact us in advance.
BER Rating
BER Identification Number
801017179
Energy Performance Indicator
507.73 kWh/m²/yr
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*Terms & Conditions
No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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