2 x Hotel Rooms plus parking space, Suite 37, Grand Canal Hotel, Grand Canal Street, Ballsbridge, Dublin 4, D04X5X7

For sale by Kelly Bradshaw Dalton via the iamsold Bidding Platform Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment. Excellent Investment Opportunity Two en-suite hotel bedrooms plus a designated parking space let to an established hotel operator on a 35 year lease from 2003 net rent '¬19,000 p.a. with 5 year upward only rent reviews no annual management charges good tenant covenant. Tenancy; The entire property is at present let to South Bay Ltd. for a term of 35 years from 2003 at a current net rent of '¬19,000 per annum exclusive of rates. The lease provides for full repairing and insuring covenants. We understand the interest of South Bay Hotels Limited has been sub-let to McEniffs Grand Canal Hotel Limited whose interest is guaranteed by McEniffs Bundoran Limited and Brian McEniff. This sub-lease relates to the entire of the premises known as Grand Canal Hotel. The Grand Canal Hotel is regarded as one of the best located hotels in Dublin City Centre and is situated in leafy Ballsbridge. The hotel is within close proximity of bars, restaurants, parks and within striking distance of The IFSC, Convention Centre, Three Arena and the Central Business District. The hotel is also within very easy access of the Dart at the Grand Canal Dock and Spencer Dock Luas stop. It is also within easy access of Dublin Airport and the main Bus and Rail stations. Each room features; Complimentary Wi-Fi Tea/Coffee Making Facilities 24 Hour Room Service En-Suite With Bath & Power Shower Work Desk Direct Dial Phone In Room Safe Ironing Station Hair Dryer TO VIEW OR MAKE A BID Contact Kelly Bradshaw Dalton or iamsold, www.iamsold.ie. Auctioneers Comments: This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.