Location

The property is situated on the west side of Westmoreland Street close to its intersection with Fleet Street.

This section of Westmoreland Street is situated within the vibrant Temple Bar tourist district and is also a heavily pedestrianised location being on one of the principal routes used by pedestrians crossing from the south to the north city retail/business districts.

Summary

• Superb City Centre Opportunity
• Fully Let
• Income c. €172,380 Net

Description

Five storey over basement mid-terrace building with a red brick facade to the upper elevations and display window at ground floor.

Separate access to ground floor and upper floors is provided from an internal lobby.

Accommodation

Accommodation (NIA):
Sq. m.   Sq. ft.
Ground Floor:                                                             51.3      552
Basement:                                                                   35.2      379
Mezzanine (Ground Floor):                                       9.3       100
1st Floor:                                                                      39.1     421
2nd Floor:                                                                    38.9     419
3rd Floor:                                                                     38.9     419
4th Floor:                                                                     41.3      445
Total:                                                                            254.0    2,735

Tenancy Details

1. Ground Floor/Basement/Mezzanine
User: Bookmakers
Tenant: Boyle Bookmakers Ltd.
Lease: 20 yrs from 1.3.2003 (exp: 28.2.2023)
Rent: €140,000 p.a. excl. outgoings

2. 1st Floor
User: Travel Agency
Tenant: Isabella Jie Zhang t/a World Travel Services
Lease: 25 yrs from 7.3.2008 (exp: 6.3.2033)
Rent: €14,400 p.a. incl. incl. rates & insurance

3. 2nd Floor
User: Hairdressing Salon
Tenant: Yang Cheng
Lease: 25 yrs from 7.3.2008 (exp: 6.3.2033)
Rent: €10,400 p.a. incl. incl. rates & insurance

4. 3rd & 4th Floors
User: Office
Tenant: Greenland Property Management Ltd.
Lease: 4 yrs 9 mnths from 7.3.2019 (exp: 6.12.2023)
Rent: €11,500 p.a. incl. incl. rates & insurance

TENANTS NOT AFFECTED BY SALE

Tenancy Overview:

Total Income: €176,300 p.a.

*Note – 1st/2nd/3rd & 4th Lease rents incl. rates & insurance

Total Income 2020 (Net Effective): c.€172,380

 

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