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81 Dame Street & 1-3 Parliament Street, Dublin 2

€ 7,500,000

Outstanding licensed premises & residential investment opportunity

High profile trophy corner building in an excellent location

Approx. 424 sq.m (4,568 sq.ft) of commercial accommodation (gr.fl & basement)

Approx. 522sq.m/ 5,620 sq.ft of residential accommodation (upper floors)

Approx. 946 sq.m/ 10,182 sq.ft total floor area

Licensed premises let at €220,000 p.a. on a long lease to a strong covenant

Apartments vacant but fully refurbished to a high standard

Substantial investment income potential

Location

The substantial investment property occupies a prominent corner position at the intersection of Dame Street and Parliament Street, directly opposite City Hall and Dublin Castle in the heart of Dublin City Centre.  The property is situated to the west end of the vibrant Temple Bar area, one of Dublin's principal entertainment, cultural and tourist destinations which boasts a wide variety of restaurants, bars, cafes, galleries and theatres.  The area is well-known for its lively atmosphere and bustling nightlife.

Dame Street is one of the principal thoroughfares of Dublin which connects many tourist attractions including Dublin Castle, Christ Church Cathedral, Guinness Storehouse and Trinity College.  The nearby Grafton Street is one of Dublin's premier shopping destinations with a range of high-end shops, boutiques and department stores.  The new Central Plaza, within the former iconic Central Bank building on Dame Street, is being transformed into a new retail and food and beverage hub to include a rooftop restaurant and visitor viewing platform with panoramic views of Dublin City.

The area is well served by public transport including the LUAS with a stop at Trinity College.

Description

The substantial red brick fronted traditional style investment property property is a listed property and comprises three interconnected buildings at 81 Dame Street, 1-3 Parliament Street and 12 Crane Lane, Dublin 2.

The entire building extends to c. 946 sq.m/10,188 sq.ft and comprises commercial/licensed premises use at ground floor and basement levels with 10 apartments overhead (6 x 1 bed, 4 x 2 bed)

The ground floor and basement extend to c. 424 sq.m/ 4,564 sq.ft and comprises a licensed premises which trades on one side as The Beer Temple and on the other side as the Oak, a traditional style bar with mahogany panelled interiors salvaged from The Mauretania cruise liner. the entire lounge bar is presented in excellent decorative order throughout including a fully fitted and equipped catering kitchen.  The licensed premises is operated by Talus Brew Pub on a 21 year leases and are not affected by the sale.

The residential apartments are located on the upper floors across three - four storeys.  There are six, one-bedroom apartments and four, two-bedroom apartments.

All the apartments have been refurbished to a very high standard and boast an abundance of natural light and quality finishes.  Some of the apartments have stunning views of City Hall and Dublin Castle.  The apartments are currently vacant and available for a first letting.

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