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€2,350,000

43 South William Street and 1 Chatham Row, Dublin 2

3041 sq. ft.

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 3041 sq. ft.
Description 43 South William Street & 1 Chatham Row comprises a high profile four storey over basement corner building. The entire extends to 282 sq m (3,041 sq ft). The accommodation comprises a Café at basement and ground floor level with three bright and spacious 2 bedroom apartments overhead. The popular and well established Metro Café occupy the ground floor and basement. The Café is self contained,providing storage, wc/whb facilities and a fully fitted kitchen at basement level. The ground floor extends to 790 sq ft (NIA) and includes a substantial outdoor seating area on both South William Street and Chatham Row. Metro Café has the benefit of a liquor licence and trades 7 days a week from 8:30am to 8:30pm with extended opening times to 10pm on Fridays and Saturdays. Metro Café have been in occupation since 1995 and is a popular destination amongst tourists and locals due to its relaxed bistro style ambience and outdoor seating area in the heart of Dublin city centre. The upper floors are accessed via a separate entrance from Chatham Row and comprise three 2 bedroom apartments, one on each floor. All three apartments are bright and spacious, sizes range from 617 sq ft to 632 sq ft (GIA) and have been recently redecorated to a high standard. Each apartment includes two bedrooms, an open plan living/dining area, kitchen, and bathroom, each with their own large private balcony extending to 100 sq ft. 43 South William Street & 1 Chatham Row occupies a prime position on the corner of South William Street and Chatham Row in the heart of Dublin's food and drink quarter. South William Street is one of Dublin's most popular and vibrant streets with an excellent offering of food and beverage outlets, including Peters Pub, Farrier and Draper, Platform 61 and Grogan's, clustered together beside heritage buildings such as the Powerscourt Townhouse Centre. Furthermore, the street houses the city's premiere hair and beauty salons including: - Brown Sugar, Therapie and Salon Zeba. The property is just 300 metres from Stephen's Green and Grafton Street, Dublin's premier shopping thoroughfare which has an annual footfall of 25 million per annum. The immediate area is currently seeing significant transformation with the completion of the final phase of Chatham King by Hines on Chatham Street and Clarendon Row, which will link South William Street to Grafton Street. Investment Summary -High profile mixed use investment opportunity -Occupying a prominent position on the corner of South William Street & Chatham Row -Central position within Dublin's prime F&B quarter, less than 300 metres from Grafton Street -Fully let - producing €162,428 per annum -Ground floor let to the popular Metro Café with three bright and spacious two-bedroom apartments overhead -Metro Café are paying €87,500 per annum across two separate leases that expire in 2030 - Upwards only rent review provisions -The three apartments are producing €74,928 per annum and have the benefit of separate access from Chatham Row -Guide Price - €2.35m which equates to a NIY of 6% after standard purchasers costs

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BER Details

SI_666

Statistics

01/12/2022

Entered/Renewed

1,533

Property Views

Daft ID: 514293734

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Colin O'Shea

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