Lot 184
Auction
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Units 1 & 2 Parnell Centre, Parnell Street, Dublin 1,

Auction
Ireland
Commercial Building
Commercial

The auction has ended

Final bid €1,808,000

Property Summary

  • High profile City Centre Retail investment occupied by Euro Giant.
  • Comprising a ground floor retail unit with first floor storage and office accommodation.
  • Extending to approximately 1,117.3 sq. m (12,026 sq. ft).
  • Excellent location benefiting from high levels of passing footfall.
  • Let to Euro General Retail Ltd T/A Euro Giant.
  • Lease expiry 2032.
  • Total current passing rent €95,000 per annum.
  • NIY 12.3%

Contact Us

Klara Schuster

Registered Surveyor, here to help.

Contact Us

Klara Schuster

Registered Surveyor, here to help.

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Addendum

Please note there is a break option at the expiration of the tenth year as per side letter dated 9th November 2012, please disregard all other references. Please take note of the following amendments made to the Contract of Sale: 1. Document Schedule: Inclusion of documents 50, 51 and 56 – 58 2. Inclusion of Special Condition 6.8 and 6.9. 3. Inclusion of Special Condition 9.2 4. Amendment to Special Condition 9.3 and 9.4

Property description

The property is arranged to provide a ground floor retail unit with first floor office and storage accommodation. Units 1 & 2 are combined and benefit from a corner position along Kings Inn Street and Parnell Street. The ground floor is presented with the tenant’s branded fitout and includes the following specification:

  • Suspended ceilings
  • Fluorescent strip lighting
  • Tiled floors
  • Plastered and painted walls. 

 

Total floor extending to approximately 1,117.3 sq. m (12,026 sq. ft).

Location

  • Dublin 1 forms part of the north city centre core and is one the busiest shopping and tourism areas
    within Dublin. Parnell Street is well positioned adjacent to Jervis Street, Henry Street, Mary Street and O’Connell Street.
  • The area is well served by public transport facilities with the Luas cross city being accessible at Abbey Street, the DART at Connolly Station and Tara Street, and numerous Dublin Bus routes.
  • The subject property is situated on the northern side of Parnell Street close to its junction with Ryder Row and Kings Inn Street.
  • Surrounding occupiers include Penneys, Eddie Rockets, WOW Burger, ALDI and Smyths Toy Store.

VAT

Please refer to Legal Documents

Tenancy Schedule

UnitAccommodationFloorSq. m(Sq. ft)Present LesseeLease TermsCurrent Rent € p.a.
Unit 1 & 2RetailGround575 sq.m.6,192 sq.ft.Euro General Retail Ltd (T/A Euro Giant)20 years from 01.12.2012€95,000
First542 sq. m.5,834 sq. ft.
Total  1,117 sq.m.12,026 sq.ft.  €95,000 

*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 interested parties 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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