Lot 6 Suite 7, Room 222 & 224, First Floor Grand Canal Hotel, Grand Canal Street, Dublin 4

Bidding Closed

SOLD FOR

€231,000

Property Enquiries

Emma Byrne

emma.byrne@bidx1.com
+353 (0)1 566 8346
+353 (0) 87 707 6174

Viewing/ Registration Enquiries

BidX1 Support Team

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

Vendor Solicitor

Mary Louise O'Hagan

mlohagan@osmpartners.ie
+353 (0)1 691 5900
Description
Map
Viewings

Property Summary
  • A hotel suite investment.
  • Comprising of 2 x one bedroom hotel rooms.
  • Extending to approximately 47 sq.m (505 sq.ft) in total.
  • Let to Southbay Hotel Limited. 
  • Lease expiry 2038.
  • Current rent reserved €15,980 per annum*.
  • Net Initial Yield 9.08%.
Location
  • Grand Canal is a hub of multinational offices and residential living located in Dublin 4 approximately 2km south of Dublin City Centre.
  • Transport links include the R815, M50, Grand Canal Station and Dublin Port as well as a number of bus routes.
  • The property is situated on Grand Canal Street Upper in close proximity to Grand Canal Station.
  • Surrounding occupiers include Google HQ, Accenture and BT Communications Ireland.
Description

The property is situated within Grand Canal Hotel. Internally Suite 7 is arranged to provide 2 x one bedroom hotel rooms. The property benefits from hotel services. 

Total floor area extending to approximately 47 sq.m (505 sq.ft).

Tenancy

The entire property is at present let to South Bay Limited for a term of 35 years from 2003 at a contractual rent of €15,980 per annum.

We have been advised by the vendor the property is sub-let to McEniffs Grand Canal Limited. 

* We have been advised by the vendor that 15% rental reduction has been agreed due to COVID 19. Therefore the current rent received is €13,583 per annum.

VAT
Please refer to Legal Documents
BER
Number

Available from Bidx1

Energy Performance Indicator

394.29 kWh/m²/yr - 537.87 kWh/m²/yr


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 Emma about this property