Lot 12 1 Palace Street, Dublin 2, D02 KF98

Bidding Closed

SOLD FOR

€436,000

Property Enquiries

Gillian Earley

gillian.earley@bidx1.com
+353 (0)1 637 5547
+353 (0)87 965 4555

Viewing/ Registration Enquiries

BidX1 Support Team

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

Vendor Solicitor

Amanda George

a.george@beauchamps.ie
+353 (0)1 4180600
Description
Map
Viewings

Property Summary
  • A city centre restaurant investment.
  • Comprising basement, ground floor restaurant together with out door terrace to the rear.
  • Extending to approximately 85 sq. m (914 sq. ft) in total
  • Let to Chez Max.
  • Lease expiry 2024.
  • Reversionary potential.
  • Total current rent reserved €35,000 per annum.
  • Net initial yield 8.29%.
Location
  • Dublin 2 forms Dublins central business and retail district.
  • The area houses many of the citys landmarks including St. Stephens Green, Grafton Street, and The Shelbourne Hotel.
  • The area is well served by public transport connections including Luas stations at St. Stephens Green and Hardcourt Street, DART stations at Pearse Street and Tara Street, as well as multiple bus routes.
  • The property is situated to the western side of Palace Street, at the gate of Dublin Castle, close to the junction with Dame Street.
  • Surrounding occupiers include The Oak, Spar and the Mercantile.
Description

The property is arranged over basement and ground floor only to provide a mid terrace restaurant. Internally the property comprises WC facilities, staff changing room and kitchen at basement level together with ground floor restaurant accommodation. The property benefits from a court yard to the rear.

Total floor area extending to approximately 85 sq. m (914 sq.ft).

Accommodation

Tenancy

The entire property is at present let to Chez Max for a term of 25 years from March 1999 at a contractual rent of €35,000 per annum, exclusive of rates and VAT.

The property is currently closed due to Covid-19.

VAT
Please refer to Legal Documents
BER
Number

800618811

Energy Performance Indicator

844.29 kWh/m²/yr
1.5


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.


Contact Gillian about this property