Lot

214

1-3 The Green , Malahide, Co. Dublin

Property Enquiries

Gillian Earley

gillian.earley@bidx1.com
+353 (0)1 667 3388

Property Enquiries

Anna-Kate Fields

anna-kate.fields@bidx1.com
+353 (0)1 667 3388

Viewing Registration / Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

Cathy Gilmartin

cgilmartin@algoodbody.com
+353 (0)1 649 2000

Description

Map

Viewings


Property Summary
  • An attractive mixed use investment.
  • Comprising basement and surface car parks, ground floor restaurant and cocktail bar, together with three storeys of offices overhead.
  • Extending to approximately 960 sq. m (10,328 sq. ft) in total.
  • Restaurant & bar let to Siam Thai.
  • Lease expiry 2028.
  • Offices fully let.
  • WAULT approximately 9.3 years.
  • Potential for further development of rear surface car park (subject to obtaining all necessary consents).
  • Total current rent reserved €288,000 per annum.
Location
  • Malahide is an affluent north Dublin suburb with a population of approximately 15,000 (as of the Census 2011).
  • The area is situated approximately 16km north of Dublin city centre and and approximately 8km south east of Dublin Airport.
  • The area is served by the R107 Malahide Road providing access to Dublin city centre and the M50 motorway is accessible via Junction 2. Public transport is provided by the Dart and a number of Dublin bus routes.
  • The property is situated in a prominent location overlooking Malahide Marina, to the southern side of The Green to the east of New Street and Strand Street Junction.
  • Surrounding occupiers include Starbucks, Donnybrook Fair, Spar, and Gibneys of Malahide.
Description

The property is arranged over basement, ground, and three upper floors to provide a mixed use building. Internally the property provides a secure underground car park at basement level, a restaurant and bar at ground floor, together with three storeys of offices overhead. There is a further six surface level car parking spaces to front with further car parking to rear. The property benefits from the following specification:

Restaurant & Bar

  • Fully fitted restaurant with split level seating with four dining areas and bar.
  • Covered cocktail bar on the terrace fronting on to Marina Green.

First Floor Office

  • Reception and 4 x cellular offices.
  • Carpet floor coverings.
  • Florescent lighting
  • Cat 5e cabling.

Second Floor

  • Predominantly open plan offices with reception, meeting room and further separate office.
  • Carpet floor coverings.
  • Suspended ceiling and fluorescent lighting.
  • Cat 5e cabling.

Third Floor

  • Open plan offices with reception area, fully fitted kitchen and two separate offices.
  • Floor to ceiling glazed panel walls.

Car Parking

  • Secure underground car parking with 16 spaces, 6 surface level spaces to front, further car parking to rear extending to approximately 0.03 hectares (0.07 acres).
Zoning

Under Fingal County Council Development Plan 2011 - 2017 the property is zoned "Town Centre": "To protect and enhance the special physical and social character of town and district centre and provide and/or improve urban facilities".

VAT
Please refer to Legal Documents
Property Table
    Total  960 sq. m (10,333 sq. ft)   € 288,000 p.a. 
Unit  Lessee Accommodation Sq. M Sq. Ft Lease Terms Current Rent Reserved p.a. 
Basement Siam Thai Restaurant & Bar 85 sq. m (915 sq. ft) 25 years from 21.10.2013
Rent reviews every 5 years
IR&I terms 
€ 135,000 p.a. 
Ground  318 sq. m (3,423 sq. ft)
Part First  12 sq. m  (129 sq. ft)
First E-Light Office 121 sq. m (1,302 sq. ft) 20 years from 01.01.2016
Rent reviews every 5 years
IR&I terms
€ 50,000 p.a. 
Second Aircraft Management Technologies Limited Office 252 sq. m (2,713 sq. ft) 20 years from 21.01.2002
Rent reviews every 5 years
IR&I terms
€ 63,000 p.a. 
Third Captured Carbon Limited Office 172 sq. m (1,851 sq. ft) 3 years from 01.07.2016
IR&I terms
€ 40,000 p.a. 
BER
Number

Available from BidX1

Energy Performance Indicator

Available from BidX1


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.