Investment Property For Sale - 5,990 sq. feet (556 sq. metres)
For Sale Vincent Finnegan commercial are delighted to offer for sale this prime city centre four storey over basement investment opportunity. The property consists of a vacant ground floor & basement restaurant/cafe which may suit alternative uses subject to planning and three spacious apartments currently occupied on licences. The restaurant/cafe is beautiful space, having previously been the Hibernian Bank with many stunning period features. On the ground floor is the restaurant floor with capacity for 60 plus patrons, a kitchen, separate ladies, gents and disabled toilets. The basement comprises 2 food prep rooms, 2 storage rooms, office and staff toilet & shower. There is also a trap hatch to allow deliveries from the Main Street. Outside to the front offers is the possibility al fresco seating.The interior decor boasts high ceilings, detailed coving & herring bow wooden and ornate tiled floor. The overhead apartments are accessed from a separate main street access with one on each floor, on the first and second floor returns are landlord's storage rooms. Apartment 1: 61sqm/646sqft, consists of 2 bedrooms, kitchen living room and bathroom. Apartment 2: 61sqm/646sqft, consists of 2 bedrooms, one ensuite, kitchen living room and bathroom. Apartment 3: 90sqm/969 sqft, consists of 3 bedrooms, one ensuite, kitchen, separate living room and bathroom. Each of the apartments have their own independent gas heating and electricity supply. The apartments have a current rent roll of €84,000, the ground floor is under offer to rent at €50,000. The Combined ERV of €134,000 offers a net yield of approximately 7.45% Located in one of Dublin's most vibrant districts 84 Thomas Street is a beautiful example of a period property. The building has a commanding presence on a street known for ts vibrant atmosphere, diverse shops, pubs, and eateries. The street is lined with a mix of traditional and modern buildings, housing a variety of businesses, cultural institutions, and residential units. The area is home to Vicar St Entertainment Venue, Teeling Whiskey Distillery, TUD Grangegorman campus, The National College of Art & Design (NCAD) Campus, Guinness Storehouse, Christ Church and the Digital Hub. The area enjoys good transport links with numerous bus routes serving the area, providing connectivity to the city centre and suburban locations. The Red LUAS line is accessible at Smithfield and St. James Hospital approximately a 5-minute walk away. Rates: €9,580
BER: Exempt
For viewings please contact Daragh O'Rourke at daragh.orourke@finnegan.ie or on 01 298 4695