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5

€430,000

Suite 531 & Room 530, Grand Canal Hotel, Ballsbridge, Dublin 4

2 Bed

2 Bath

65 m²

Apartment

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 65 m²
Attention all investors looking for a steady income and a fantastic hassle free alternative to having money sitting on deposit. For sale are two adjacent hotel suites together with three car spaces, in the ever popular 4 star Grand Canal Hotel, Dublin 2. Contracted annual rental income is €33,700 - 7.8% yield. The entire property is at present let to South Bay Limited for a term of 35 years from 2003. The property is sub-let to McEniffs Grand Canal Limited. The contracts are subject to upward-only rent reviews. The four-star McEniff-operated hotel is ideally situated within strolling distance to Grand Canal Dock, Ballsbridge and Baggot Street. It is also within walking distance to Sandymount, Merrion Square, St Stephen€TM Green, Trinity College and all that the city centre has to offer. Guaranteeing business all year round, the location is close to hugely popular crowd pulling venues that include the Bé³rd Gais Theatre, the Aviva stadium, 3 Arena and the RDS. Surrounding businesses include Google HQ, Accenture and BT Communications Ireland. Summary €¢ Two hotel suite investment €¢ 3 car parking spaces €¢ Let to McEniffs Hotel group €¢ Lease expiry 2038. €¢ Current contracted rent reserved €33,700 per annum. €¢ Net Initial Yield 7.9%. ***All information provided is to the best of our knowledge. The utmost of care and attention has been placed on providing factual and correct information. In certain cases some information may have been provided by the vendor to ourselves. While every care is taken in preparing particulars the firm do not hold themselves responsible for mistakes, errors or inaccuracies in our online advertising and give each and every viewer the right to get a professional opinion on any concern they may have***

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Property Facilities

  • Parking

BER Details

B3

BER No: 800638546

Statistics

22/07/2021

Entered/Renewed

5,148

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Daft ID: 15009845

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