88 Capel Street
Dublin 1
For Sale
Guide Price €725,000
Property Highlights
- Single let investment on a newly regeared FRI lease
- Prime CBD location
- Extending to approx. 210 sq.m. (2,255 sq.ft.)
- Passing rent of €67,500 per annum
- Guide Price €725,000
- NIY 8.46% (after purchasers costs at 9.96%)
- Capital value approx. €320 per sq.ft.
- Tenant not affected.
Property Location
The subject property is located at the top of Capel Street near the junction of Capel and Bolton Street. Capel Street is a lively and diverse area, known for its mix of shops, cafes, pubs, and restaurants with Technological University Dublin located 100m from the property.
The subject property is located next to one of the cities main retail hubs with the Jervis Shopping Centre, the Ilac Shopping centre and Henry Street all within close proximity to the property. Transport amenities are excellent, with numerous Dublin Bus routes serving the area and the nearby Luas Red Line providing convenient tram access.
Property Description
The subject property comprises a single let mid terraced, three storey over basement investment property extending to 210 sq.m. (2,255 sq.ft.). Externally the property benefits from its positioning on Capel Street to the front and the enclosed garden to the rear.
Internally a single tenant occupies the entire which is laid out as classrooms throughout with kitchen/toilet facilities at basement level with additional w/c on the return.
The property is fitted with carpet floors, plaster and painted walls and ceilings, florescent
lighting and sash windows to the front and rear.
Lease Terms
Fully let to ICOT College on a newly re-geared 10-year Full Repairing and Insuring lease with tenant break option and/or rent review in year 5 at €67,500 per annum.
ICOT College was set up on Thursday the 19th of February 2009 and the company status is Normal.
Vision Net Rating 93/100.
Property Status
For SaleBER Details
Property Location
Documents
QRE Contacts
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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Brian Kelly
MRICS MSCSI
Associate Director
Brian is an Associate Director within the QRE Agency and Investment Team. He is a qualified Chartere... View More
+353 87 337 4933
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