QRE

Investment Opportunity within Dublin’s Cultural District

Agents QRE Real Estate Advisers are pleased to bring 33-34 East Essex Street to the market on the instructions of Ken Tyrrell from PwC.

 

33-34 East Essex Street comprises an attractive two storey red brick commercial premises nestled in the midst of South Dublin’s thriving cultural district of Temple Bar. QRE are selling the property by way of private treaty and are guiding in the region of €1.2 million.

 

The well located investment property comprises a retail unit with restaurant use which extends to approximately 241 Sq. m (2,600 Sq. ft). Aishling O’ Hanlon from QRE confirmed that “The property is enhanced by its extensive double frontage onto East Essex Street with large display windows, ideal for occupiers looking for a prominent and well recognised building in a busy location with a good foot fall”.

 

Internally, both on the ground and first floor, the property is arranged to provide for an open plan dining or retail space with the added benefit from ancillary storage which is available within the basement.

 

The property benefits from many original features, including exposed red brick feature walls all the way through, an original open feature fireplace and stained glass windows.

 

The ground floor benefits from a wheelchair accessible WC and the 1st floor contains both a ladies and gents communal restroom.

 

The property is leased to The Big Shindig under a 25 year full repairing and insuring lease from the 12th July 1996. This lease contains rent reviews every 5 years and the next review is due on the 18th June 2016. The current passing rent is €75,000 per annum and with further potential to increase the rental value at rent review.

 

Temple Bar is one Dublin’s main tourist attractions and is the chosen location for many prominent creative institutions such as The Temple Bar Gallery, the Temple Bar Music Centre, and the Gaiety School of Acting. The Chester Beatty Library, the Douglas Hyde Gallery in Trinity College and the Olympia Theatre further add to the combination of amenities and facilities that are available on its doorstep.

 

Surrounding restaurants and occupiers include Bunsen Burger, Bad Bobs, Costa Coffee, Elephant & Castle, La Caverna, McDonalds, Leo Burdocks as well as the popular fashion retailers The North Face Store and Urban Outfitters. The Italian Quarter is also within easy reach via the Millennium Bridge.

 

Essex Street is within 5 minutes’ walk from Dublin’s premier shopping area on Grafton Street and is within an 8 minutes’ walk of Henry Street. Hotels located close by consist of The Clarence, The Westin and The Arlington Hotel, with many more dotted around the city.

 

Temple Bar’s central location benefits from all the Transport Links that the city has to offer. There are numerous bus routes serving the immediate area to include 13, 16, 123, 77x.

 

The Green LUAS line is accessible at St. Stephen’s Green providing direct access to the South Suburbs, the Red LUAS line is accessible at Jervis Street providing direct access to the Northern and Western Suburbs and the Tara Street DART station is within a 10 minutes’ walk providing easy access routes from both Bray and Howth. 

 

The Dublin Bikes Scheme is also within easy reach with many stations situated in and around the city centre.

 

For further details please contact the selling agent‘s Aishling O’ Hanlon 0)1 667 3397


Aishling O'Hanlon

Surveyor


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