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€1,500,000 or €100,000 per year

22/23 Talbot Street, Dublin 1

5000 sq. ft.

Retail Unit

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 5000 sq. ft.
This is an excellent opportunity to acquire a high profile retail showroom and office premises (plus 2 car parking spaces) that is located adjacent to the Irish Water office and Independent House (Independent Newspapers) on Talbot Street. Estimated Rental Value excess €100,000 p.a. Commercial Rates approx. €20,000 p.a. Building Insurance approx. €2,700 p.a. The property is located less than 425 meters walking distance to the east of the Spire on O'Connell Street via North Earl Street, Dublin's main thoroughfare. This is a busy retail and pedestrian thoroughfare that links Connolly Train station to the main northside shopping streets of O'Connell Street and Henry Street. The subject property benefits from excellent public transport and is located: less 200 meters from Busarus Bus Station (Dublin's main national bus station for National Express and Aircoach) less than 270 meters from Connolly Train / DART Station and LUAS Terminus less than 430 meters from 2 LUAS lines, a host of Dublin Bus routes and Air Coach on O'Connell Street Number 22/23 Talbot Street is located on the north east side of Talbot Street at the junction of Mabbot Lane, which is only 25 meters to the immediate east of Gardiner Street Lower. There are a host of Guesthouses, BnBs and several hotels located close to this public transport hub including the Address Connolly (McGettigans), Beresford Hotel, Ripley Court, Moxy etc. There are also several large offices and OPW (Office of Public Works) offices located in this area including Irish Water, Independent Newspapers, DCC Citizens Information Centre, Health & Safety Authority, LYCS Community Training Centre as well as the Steelworks office development on Foley Street. The property is less than 300 meters from the IFSC (Irish Financial Services Centre) and CHQ Building. This is a busy retail street and some of the adjoining occupiers include Supervalu, Spar, Frank and Honest cafe, Murrays Allcare pharmacy, Supersavers Opticians, Gerry Keane Wallpaper and Mace. 22/23 Talbot Street is only a few minutes walking distance from the LUAS, Aircoach and a host of bus stops. This high profile shop is located along a terrace of high profile retail units that are located between North Earl Street and Amiens Street. The surrounding area has an excellent passing trade and this footfall has improved since the arrival of the LUAS, which has brought additional commuters from the LUAS Cross City line from St. Stephen's Green and south Dublin and also from north Dublin DIT Grangegorman College Campus and Broadstone. The north inner city is thriving and the area is continuing to improve following the arrival of the LUAS and refurbishment works to O'Connell street. On the east side of O'Connell Street the Gresham Hotel (new ownership since 2017) and the Holiday Inn Express continue to attract large numbers of tourists and visitors to the street. On the West side of O'Connell Street the GPO had a significant refurbishment in 2016 and we understand that the Carlton Cinema and Moore Street site is also set for large scale redevelopment in 2023. We also understand that the Clerys development is due for completion in 2022, which will see the arrival of another large 200 bedroom hotel, 60,000 sq.ft. office, rooftop restaurant and café/restaurant units facing O'Connell Street. Some of the retail units have already been reserved for Flannells and Zara. DESCRIPTION 22/23 Talbot Street comprises a self-contained ground floor shop and first floor showroom with a high profile 15 meter wide shop front a few doors up from the Gardiner Street junction. There is a double window display with a central entrance door at street level and good floor to ceiling height in the ground and first floors with a large internal staircase in the middle of the property. The property has 2 large shop front windows on either side of the entrance with raised display facing Talbot Street. There are windows running along the side street providing good natural light into the retail showroom. The property has been fitted out to a reasonably high standard to accommodate a furniture showroom to include a suspended ceiling with category 2 reflective light fittings and air conditioning cassettes, carpet floor covering throughout, fitted kitchen with tiling, offices with glass partitions and fitted service counters. The heating comprises air recessed air conditioning cassettes and electric storage heating. There is a fire escape and second staircase at the rear of the property that may suit deliveries as it has access to the side lane on Mabbot Lane. The retail showroom fit out could easily be converted to accommodate a public office or semi-state body given the public office style fit out and central location. This office may appeal to the OPW or semi-state bodies given the central location close to and excellent public transport network. The property is conveniently located in the heart of north inner city with an excellent public transport service at it's doorstep including Dublin Bus, Aircoach, LUAS Cross City line, Dublinbike with Connolly Train Station only 5 minutes' walk from the property.

BER Details

C3

BER No: 800843435

Energy Performance Indicator: 111.28 kWh/m2/yr

Statistics

17/05/2022

Entered/Renewed

2,186

Property Views

Daft ID: 58607394

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Robert Colleran

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