66/67, South Great Georges St, Dublin 2

Asking Price: €2,600,000

Property Location

This prime property occupies an excellent high profile location on the west side of South Great Georges Street close to its junction with Exchequer Street. This is a prime city centre location being only a short distance from Wicklow Street and Grafton Street and directly opposite the historic Georges Street Arcade.

Property Description

The subject property comprises a ground floor and basement level restaurant premises located on the west side of Georges Street, Dublin 2, almost directly opposite the junction to Exchequer Street. This area is established as one of the most sought after restaurant pitches in Dublin City Centre. Nearby occupiers include Fade Street Social, Rustic Stone, Pichet, Soder Ko and Exchequer Gastro Pub. Local established bars include The Globe, The Long Hall, The Market Bar, The Stags head, The Old Stand. The George The location is complimented by its proximity to Temple Bar. The property enjoys excellent frontage onto South Great Georges Street and also has the benefits from rear access for deliveries. The accommodation is fitted to a high specification, providing seating for approximately 140. The premises are let to Home RBVR Limited under two identical 35 year leases from the 30th July 1996, subject to current passing rents of €130,000 and €65,000 per annum exclusive. We note that a rent concession is in place until July 2016 at €156,000 per annum. However, the rent will revert to €195,000 per annum 2016. The Lease provides for upward only Rent Reviews at 5 year intervals, with the next review due on 30th July 2016.

Property Size/Area

456 Sq.m (4,908 Sq.ft)

Service Charge

TBC

Rates

€4.82 p Sq.ft

Zoning

LAND-USE ZONING OBJECTIVE Z5 - CITY CENTRE To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity.

Title

Freehold

VAT

TBC

BER Rating

BER Number

800272932

Energy Performance Indicator

794.24 kWh / m2 / yr