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18 Dame Street, D02 XF59, Dublin 2

€1,900,000
Investment Property For Sale | 4,802 sq. feet (446 sq. metres)
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Overview

Property Description:

The property comprises a five storey over basement mid terraced mixed-use building with a traditional timber framed shop front fronting onto Dame Street.


The ground floor is in restaurant use which is supported by kitchen and storage facilities at basement level. The upper floors provide for independent access off Dame Street and provide office accommodation. Note: The vacant fourth floor historically provided residential accommodation. The rear of the ground floor restaurant benefits from direct access off Dame Lane.


Zoning 
The property is zoned Z5 City Centre "To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity" under the Dublin City Development Plan 2016 - 2022.

Tenure
We understand the property is Freehold via a Fee Farm Grant dating from 1897.

Price
Offers are sought in excess of €1,900,000, which equates to a net initial yield of 7.39% with a vacant top floor.


Features
-High profile mixed use investment property situated on Dame Street
-Extending to approximately 446.1 sq.m (4,802 sq.ft)
-Combined rent of Eur152,338 per annum
-Weighted Average Unexpired Lease Term of approx. 9.00 years including nearest break options and 10.90 years to lease expiry
-Tenants not affected by sale

Location
No. 18 Dame Street is situated on the southern side of Dame Street close to its junction with South Great George's Street, approx. 150m south of Essex Street East in the heart of Dublin's tourism and cultural hub.

The street is a busy thoroughfare in Dublin city centre and carries large volumes of pedestrian and vehicular traffic. The property's proximity to Dublin city centre provides for excellent transport links to include Dublin Bike Stations, Cross City Luas and numerous Dublin Bus Routes.

High-profile occupiers in the immediate area include, Spar, AIB Bank, City Hall and the Olympia Theatre.

Daft Property Shortcode:

https://www.daft.ie/5905081

Date Entered/Renewed:

1/10/2019 (49 days ago)

Property Views:

1,166
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Map Legend:

Exact Location Match Exact location match

Address:

18 Dame Street, D02 XF59

Distance to City Centre:

0.6 km (0.4 miles), 5 minute walk

Public transport routes that service Dublin 2:

  • Train: Dart
  • Tram: Luas (Sandyford Line)
  • Bus: 140, 4
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Christopher Belton

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