Restaurant Unit, Tivoli Staycity Aparthotel, 135 Francis Street, Christchurch, Dublin 8

Commercial Rates approx. €12,000 p.a. Service Charge / Building Insurance Costs approx. €2,500 p.a. This is an excellent opportunity to rent a high profile restaurant unit in the Staycity 246 Apartment Hotel Tivoli complex on Francis Street that is located opposite the iconic Iveagh Markets building. This modern ground floor restaurant has approx. 20 meters of retail frontage facing directly onto Francis Street and benefits from having full floor to ceiling height glass windows and a double door entrance onto Francis Street and another onto the enclosed restaurant beer garden area that opens onto the enclosed Tivoli courtyard area which is shared with the hotel and a local Artists group as part of the Tivoli complex. The restaurant also has a direct entrance to the Staycity Apart Hotel main lobby behind the check in desk which all customers will see on arrival to the Apart Hotel. There could be 400 to 500 customers staying in the Staycity Apart Hotel most nights. This restaurant unit has been fitted out to a reasonably high standard by Staycity to tie in with their hotel lobby area and currently serves as a breakfast and pick up area for coach tours. A restaurant operator may choose to keep this facility in place and work with the hotel to provide this service outside of the lunc/ dinner service. Please note that a restaurant operator will have to upgrade the restaurant fit out and install a new kitchen with kitchen air extraction as part of their restaurant fit out. There could also be potential for the restaurant operator to provide breakfast or room service to some of the Staycity guests, providing an additional income for the restaurant. The Tivoli restaurant is located less than 50 meters to the south of Thomas Street, which is a very busy pedestrianised street with a host of busy pubs, cafes and restaurants with the National College of Art & Design and steady tourist footfall to the Guiness Storehouse. The Staycity Tivoli building comprises 246 individual apartments with a large reception and breakout area and onsite gym and facilities with a large internal courtyard and Liberties artists hub at the rear of the complex. There is a large south / west facing beer garden/ alfresco dining area with the restaurant that can seat over 20 customers. In addition to this designated space restaurant customers can also use additional seating in the complex courtyard area that is part of the overall Staycity hotel complex. Staycity Tivoli is located 50 meters from the main entrance to the iconic Iveagh markets. DCC have already commenced refurbishment works to the roof and structure of the Iveagh Market and carried out some placemaking works to the surrounding street. The immediate area has seen very strong development as a result of tax incentivized regeneration programme along the River Liffey, the Liberties and the LUAS line and the later impact of the arrival of the LUAS cross city connection with the Green line. This area is very popular with legal, design and IT firms and we have seen very strong demand from residential tenants and first time buyers that are looking to move into this immediate area. Francis Street was traditionally the home of furniture shops and art galleries but has seen some exciting new developments apart from Staycity Tivol including the refurbishment of the Iveagh Markets, arrival of a growing Dublin food and bar scene including Mongoose, Variety Jones, Spitalfields, Anti-Social, Rumi and 2 Pups Coffee / Notions etc. This restaurant unit is located just outside the old city walls and is within a short walking distance of Vicar Street, which is one of Irelands premier music venues. It is also located close to NCAD/ the National College of Art and Design as well as Saint Augustines church and Harry Clarkes House. The property is conveniently located in the heart of a Dublin tourism hotspot and is within a very short distance from some of Dublins most popular and historic visitor attractions. The Guinness Storehouse, Christchurch Cathedral, Dublinia Viking Museum, St. Patricks Cathedral, Viking Splash Tours, Dublin City wall, Dublin Castle and several whiskey distilleries and visitor centres including Pearse Lyons distillery on James Street and a host of popular cafés bars and restaurants. Staycity Tivoli is also located close to the Digital Hub which is a start-up centre for Irelands largest cluster of technology, digital media and internet companies. Some past Digital Hub companies include Amazon, Stripe, Daft.ie, Havok and Riverdeep etc. This area of Dublin has recently seen some strong regeneration and development in recent years including the Pearse Lyons Distillery and visitor Centre in St. Jamess Church, Digital Hub development of the Grain Store building and Binary Hub student accommodation. Other developments planned for the area include the development of the Guinness Brewery site into a dynamic urban quarter, the Iveagh Markets by DCC, Grand Canal Harbour site by Marlet, Digital Hub phase 2 and development of 2 sites to the rear of Vicar Street for a boutique hotel and student accommodation on Garden Lane. This is a very popular area for IT and design companies given the close proximity to the Digital Hub, NCAD. The subject property is located in a very popular tourism District and is within 5 minutes walking distance from Temple Bar and a host of popular cafes, restaurants and bars.