Swifts Alley, Dublin 8

1-4 Swifts Alley, occupied by Berlitz Dublin Language Centre, is a three storey over ground floor dual aspect terraced building in the heart of Dublin 8, just off Francis Street. The building is 1,168 m2 in size with a Net Lettable Area of 825m2 or 8,875 Sq. Ft. The entire property was completely renovated and refurbished in 2020 to accommodate open plan office areas. The refurbishment includes a completely new asphalt roof, rewiring and upgrading of the mechanical & electrical of the entire building, newly built and well presented modern welfare facilities located on each floor, upgraded lift mechanics and interior, plus carpeted entrance area and communal stairwells. The building has been upgraded to adhere to the latest accessibility standards and fire regulations. COMMERCIAL TENANCY DETAILS Lease 10 Years No Break: IRI - Internal Repair & Insure Rent €300,000 (Three Hundred Thousand) €20.4k per annum (projected) for the car park spaces Review Every 5 Years Tenant Tara International Education Services Limited T/A Berlitz Dublin Language Centre Deed of Renunciation Signed: Guarantor: Apex Training Services Ltd. to the Amount of €150,000 Located just off Thomas Street, these properties sit in a Prime position less than 500m from Dame Street and 1km from Dublin City Centre and St. Stephens Green. The area is a thriving hub with a diverse range of amenities, including bars, restaurants, and cafés, alongside key attractions such as Vicar Street (concert venue), the National College of Art & Design (NCAD), the Guinness Storehouse, and Christ Church Cathedrals two of Dublins most famous landmarks. The neighborhood is further enriched by hotels, student accommodation centres, and distilleries, contributing to its vibrant and eclectic atmosphere. Transport Numerous bus routes connect the area to the city centre and surrounding districts. The Red LUAS line is accessible at Smithfield and Four Courts, both just a 10-minute walk away. This prime central location, combined with a bustling atmosphere and strong transport connectivity, makes these properties an excellent investment opportunity. Car Parking There are 12 basement car park spaces included in the sale. Six of the spaces are currently licensed to occupants of 30-31 Francis Street. Investment in Dublin 8 The area continues to experience significant investment, particularly with the development of the Guinness Quarter adjacent to the Guinness Storehouse. This project will bring 336 residential units, the 300 seats performance space, a market and food hall showcasing Irish craft and produce, as well as commercial and community spaces. Additionally, the ongoing '¬11 million renovation of the Iveagh Markets roof, located next door, highlights the continued regeneration of Dublin 8. Also, the former Tivoli Theatre which is now open and operating as a Stay City Aparthotel, is only 100m from the subject property. This Aparthotel includes a state of the art 242-bed facility with courtyard, bars and restaurants adding a great vibe to the area. The Clock Bar on Thomas Street has recently been redeveloped and is now open once more. All the above shows the confidence and appetite amongst developers and investors to invest in this wonderful area of Dublin 8.