149 Francis Street, South City Centre, Dublin 8, D08F2RN

149 Francis Street is a recorded protected structure, prominently positioned at the junction of Thomas Street and Francis Street. The property comprises a four storey over basement mixed use building extending to approximately 3,894 sq.ft NIA,presenting a distinctive profile on this key city centre corner site. Originally constructed as a bank, the building has been thoroughly refurbished over the years, with significant works including new fire safety systems and the development of a contemporary penthouse office suite extending to 732 sq.ft (NIA). The upper floors, comprising approximately 2,449 sq.ft of modern, open-plan office accommodation with excellent natural light, are fully occupied by Pascal + Watson, Good Travel Software, and Architectural Farm (as subtenant). TITLE We understand that the property is held under a Long leasehold. ZONING This property is zoned as Zone 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” under the Dublin City Council Development Plan 2022. BER Exempt PRICE Guiding €1,850,000 exclusive representing a net initial yield of 6.43% or €475 per sq.ft Excellent high profile mixed use investment in the heart of the Dublin 8, prominently sited at the corner of Thomas Street and Francis Street The ground floor is leased to Michelin-starred restaurant ‘Variety Jones’ on a 20-year lease from June 2022, at a passing rent of €50,000 per annum The property is generating a total rental income of €130,869 per annum Guide price of €1,850,000 which equates to a NIY of 6.43% WAULT of 8.7 years Tenants not affected