65 Ranelagh, Ranelagh, Dublin 6

Asking Price: €2,100,000

Property Location

Ranelagh is an affluent residential area situated to the south of Dublin City Centre, approximately 1.7km from St. Stephen’s Green. The area is highly populated and is home to a vast range of restaurants, cafes and bars. The subject property is situated along Ranelagh Road which is a high-profile location in the heart of the village. The property benefits from excellent footfall and passing trade. Other occupiers in the vicinity include Ulster Bank, Bank of Ireland, Cinnamon, The Butchers Grill, Meaghers Pharmacy, Tesco Express and Butlers Coffee. The property is very well served by public transport with the LUAS Green Line Ranelagh stop situated 280m to the north. The property also fronts onto a QBC with several Dublin Bus routes providing direct access to the City Centre and the surrounding suburbs.

Property Description

The property provides a detached restaurant building arranged over ground and first floors. To the front of the uilding is a seated terrace along Ranelagh Road. Internally the property is arranged to provide a modern restaurant and wine bar with seating for up to 111 patrons over the two floors and on the front terrace. Overall the property extends to approximately 179.5 sq. m (1,932 sq. ft) NIA.

Property Specification

• A High-Profile Restaurant Investment • Prime location along Ranelagh’s Main Street • Extending to approximately 179.5 sq. m (1,932 sq. ft) NIA • Total rent of €156,000 per annum • Lease expiry 2026 • Tenant not affected • Net initial yield of 6.85%

Lease Terms

The property is subject to two FRI lease agreements with Top Range Catering Ltd. t/a Tribeca at a combined rent of €156,000 per annum. Lease 1 is for a term of 25 years from 02/04/01 and Lease 2 is for 20 years from 01/09/06. Both leases expire in 2026, and provide for 5 yearly upward only rent reviews.

Property Size/Area

• Extending to approximately 179.5 sq. m (1,932 sq. ft) NIA

Rates

Approx. €13,119 for 2018

Title

The property is held long leasehold for a term of 999 years from 1st January 1903.

BER Rating

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BER Number

800585143

Energy Performance Indicator

975.96 kWh/m²/yr1.52

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