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19 Ely Place, D02 RF44

Dublin

Sale Agreed Guide Price €1,250,000
Property Highlights
  • Georgian Medical Investment
  • Prime CBD Location
  • Approximately 237 sq.m. (2,551 sq.ft.)
  • Single let to Lintrath Holdings Limited T/A Optilase
  • Passing rent of €87,336 per annum
  • NIY 6.35%
  • Capital Value €490 per sq.ft.
  • Tenants Not Affected
Property Location

The subject property is located on the west side of Ely Place, close to the corner of Ely Place and Hume Street.  Ely Place is situated approximately 100 metres away from St. Stephen’s Green. The area hosts some of Ireland’s finest hotels, museums, restaurants, bars, and shopping facilities.

St Stephen’s Green, Grafton Street, Baggot Street, Merrion Square, Fitzwilliam Square and Government Buildings are all within walking distance of the property.

Public transport links are excellent with the Luas Green Line at St Stephen’s Green and Pearse DART station at Westland Row. There are numerous Dublin Bus routes serving the area. Dublin Bikes offer a convenient option with the closest station located on St Stephen’s Green.

Property Description

19 Ely Place comprises a 3 bay, four storey over basement, mid-terrace Georgian building. The current use of the property is a medical consultancy (Planning Ref. 2070/03).

Externally, the property retains several original features including timber sliding sash windows, decorative cast-iron balconettes to the first-floor windows, ten-panel timber front door with recent chrome furniture. The building is set back slightly from the neighbouring property (no. 20) to the north.

No. 19, along with the wider group of properties on the street, contributes strongly to the late eighteenth-century character of Ely Place and enriches the historic architectural fabric of this particular area of D2.

Internally, the property is arranged over basement and four upper floors and extends to approximately 237 sq.m. (2,551 sq.ft.). The building is configured to provide a reception and waiting area along with a series of treatment rooms and administrative offices along with ancillary WC and kitchenette facilities.

Lease Terms

The property is leased in its entirety to Lintrath Holdings Limited T/A Optilase at a passing rent of €87,336 per annum for a term of 35 years from the 14th of November 2001 on an FRI basis. 

There are upward-only rent reviews, with the next review being in November 2026, and an unexpired lease term of circa 13 years.

In the normal manner, this is an investment sale and the existing tenants are not affected by the sale.

VAT

Please refer to agent.

Property Size/Area
Approximately 237 sq.m. (2,551 sq.ft.)
Property Status
Sale Agreed
BER Details
Property Location
Documents
QRE Contact
Jonathan Donnelly
Jonathan Donnelly
 

Surveyor

Jonathan joined QRE in 2021, after graduating from Technological University Dublin with a BSc (Hons)... View More

+353 87 701 8812

 

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