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Units 1,2 and 3, The Parnell Centre , 198 - 200 Parnell Street

Asking Price: €2,000,000

Property 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 subject properties are situated on the northern side of Parnell Street close to its junction with Ryder Row and Kings Inn Street. The locality benefits from a number of international hotels with the Maldron Hotel, Jury’s Inn, and the Gresham Hotel all a short walk from the properties. Other local attractions include the GPO, The Gate Theatre and the Spire. Surrounding occupiers include Cineworld, Penneys, Smyths Toystore and Aldi and as such the subject property benefits from a high level of passing footfall. In addition, the subject property benefits from direct access from the Parnell Centre as well as from Parnell Street. Transport 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.

Property Description

The opportunity consists of two retail investments. Both units are predominantly arranged over ground floor with first floor office and storage accommodation. Units 1 and 2 (Euro Giant) 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 suspended ceilings, fluorescent strip lighting, tiled floors and plastered and painted walls. Storage and ancillary office accommodation is provided on the first floor.The total floor area extends to approximately 6,192 sq. ft. Unit 3 (Eddie Rockets) benefits from dual frontage with access from Parnell Street and inside the Parnell Centre. Internally the ground floor provides a customer seating area, preparation area, kitchen and toilets. The first floor provides an office, staff room, staff toilets and a plant room. The total floor area extends to approximately 208.57 sq. m (2,245 sq. ft) NIA.

Property Specification

• High profile City Centre Retail Opportunity • Two x investment units, occupied by Eddie Rockets and Euro Giant • Combined rental income of €195,000 per annum • WAULT of 13.58 years • Excellent location benefiting from high footfall • Combined guide price of €2,000,000 • Net initial yield of 9% • Tenants not affected

Lease Terms

Total Current Rent of €195,000 per annum. WAULT of 13.58 years

Title

Long Leasehold

VAT

Please refer to the agent

BER Rating

C1_C2_BER_RGB_Web_and_PC.png

BER Number

Available Upon Request

Energy Performance Indicator

700.7 kWh/m²/yr 1.17- 509.21 kWh/m²/yr 1.13

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