Talbot Street is located in the heart of Dublin 1, between Marlborough Street and Amiens Street. The subject property is located just 170m from O’ Connell Street. The area is home to a number of amenities including The Mater Hospital, Temple Street Children’s Hospital, The Rotunda Hospital, and Croke Park Stadium. One of Dublin’s prime shopping areas Mary Street and Henry Street is located just 200m to the west. The area is well served by public transport including Dublin Bus, the Luas Cross City, and Connolly Station.
The property is arranged over ground and three upper floors to provide a mid-terrace mix-use building. Internally, the property comprises a ground-floor retail unit, with two rooms set on either side of a central staircase on each of the three upper floors. The upper floors are not in habitable condition.
The subject property is located in an area zoned “Z5 “City Centre” in the Dublin City Development Plan 2016–2022. The objective of this zoning is “To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity."
For Sale via Digital Auction on the 15th March at 12 (unless withdrawn or sold prior) In Conjunction with our Joint Agents: Artis
ADDENDUM: Prospective purchasers should note the following amendment dated 14.03.2022 to Special Condition 4.6 of the Contract for Sale: "4.6 The Purchaser is on notice that the Vendor has received an email from the Borrower (as hereunder defined) dated 14 March 2022 as listed at No. 26 in the Documents Schedule of the Contract alleging that certain third parties have a right of way and enjoy certain easements over the Subject Property in addition to those set out in the title documentation provided with this Contract. The Vendor has no further information or knowledge as to these alleged third-party rights, if any. The Vendor also confirms to the best of their knowledge, information and belief that no consent from the charge holder was obtained in respect of any such third-party rights, save for those disclosed in the Contract and the title documents furnished. The Purchaser is deemed to have satisfied themselves both independently and pre contract in terms of any such rights and no objection, requisition or enquiry shall be raised."
The ground floor retail unit is currently occupied under a two-year licence agreement from 01.03.2021 at a licence fee of €1,250 per week (€65,000 p.a.). The occupant claims to be on an abated rent to €750 per week (€39,000 p.a.). The Vendors are not currently receiving rental payments. The upper floors are vacant.