56 Mary Street, Dublin 1, D01R8C9

This is an excellent opportunity to purchase a mixed use city centre investment property, which has been completely refurbished to an extremely high standard to include 3 floors of two bedroom apartments with an external fire escape over a modern high street shop unit. Location 56 Mary Street is located close to the junction of Wolfe Tone Street and is less than 50 meters walking distance from the landmark Church Café Bar and restaurant, which overlooks Wolftone Square. There are a host of cafes, restaurants and shops on Mary Street and the adjoining streets of Capel Street and Henry Street which are pedestrianised. DCC have also invested in placemaking on Wolftone Square and these streets to include new pavements, roads, lighting, street furniture and seating. The subject property is located less than 240 meters from Henry Street, which is Dublin's busiest shopping street. According to DublinTown there is yearly footfall of over 28.1 million to Henry Street and Mary Street with a weekly footfall of 548,380 (30/09/24 - 06/10/24). 56 Mary Street is less than 260 meters walking distance from the Jervis LUAS Station and 750 meters from the Aircoach bus stop on O'Connell Street, which is convenient for tenants. There is also an excellent bus network serving the area including the hop on hop off Dublin Bus Tours. The subject property is less than 7 minutes walking distance from Temple Bar or the historic GPO on O'Connell Street, which are popular tourist locations. The property is within a short walking distance from Capel Street, the Boardwalk and River Liffey, the Fruit Market, Four Courts, Smithfield, Jameson Distillery and several tourist attractions. Some of the adjoining retailers include Pennys/ Primark Headquarters, the Church Cafe Bar, the Jervis Shopping Centre, Smyths Toys, The Ilac Shopping Centre, Marks & Spencer, Lifestyle Sports, McDonalds, Nandos etc. In addition to the shopping facilities, there are over 1 million sq.ft. of offices located in the immediate area to include AXA Wolf Tone House headoffice and several large Government and OPW tenants on Parnell Street, Jervis Street, Abbey Street and Capel Street. 56 Mary Street is only a short walking distance from the Jervis Shopping Centre, Henry Street, the Millennium Walkway, Smithfield Fruit & Vegetable market, the Abbey Street LUAS station and the northern quarter retail development to the west of O'Connell Street. Description 56 Mary Street is a 4 storey over basement period property, which has been completely refurbished to an extremely high standard to include a modern open plan ground floor shop with direct access to a basement store room. The property has a new modern shop front with large feature signage overhead with full floor to ceiling height windows and set back entrance into a bright and spacious retail unit. The building has a new roof and facade and all the original brickwork has been replaced and repointed with new brickwork and modern sash windows. The retail unit has marble tiling with recessed LED spotlights and bespoke built in storage and display cabinets as well as ample product display wall racking. The basement is connected by an internal staircase and has been dry lined, painted and plastered and has good floor to ceiling height of 2.37 meters. There is a separate entrance to the 3 floors of Air B n B apartments overhead with a bright well lit entrance, lobby area and stairway. Apart from the main stairway there is a new external fire escape at the back of the property that links the external balconies to a metal fire escape and the adjoining apartment block courtyard. The apartments have been well appointed and fitted out to a very high standard to include 2 bedroom apartments on each floor with external balconies facing a landscaped courtyard, video intercom system, timber flooring, modern fully fitted kitchens and living room areas with LED ligting and electric storage heating. The apartments come with all modern kitchen fittings and command a very strong rental of over 90,000 euro p.a. per apartment. There may be potential to purchase the property with a new long term retail tenant paying a rent of 80,000 euro p.a. or with full vacant possession, if required. The building benefits from a new boiler and heating and fire alarm system Ground Floor 104.5 sq.m. (1,125 sq.ft.) First Floor 64.3 sq.m. (692 sq.ft.) Second Floor 73 sq.m. (786 sq.ft.) Third Floor 73 sq.m. (786 sq.ft.) Basement 53.6 sq.m. (577 sq.ft.) Total 368.4 sq.m. (3,965 sq.ft.) Net Internal Floor Area 446.3 sq.m. (4,804 sq.ft.) GIFA The 3 two bed apartments generate rental income in excess of 90,000 euro p.a. The ground floor and basement shop could have an estimated rental value in the region of 80,000 euro p.a. A full set of floor plans and building specification are available upon request