18 Merrion Row, Dublin 2, Dublin

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Beds
Price	Sold
Property Type	Investment Property
Size	212.4 meters²
Energy Rating	BER-Exempt
Refreshed on
Eircode	D02A316
Group Name	Finnegan Menton
Sales License Number	001954

Description

Superbly Located Restaurant & Office Investment Producing €60,000 per annum (Tenants not Affected) INVESTMENT HIGHLIGHTS Prime located building close to St Stephen’s Green Restaurant and Office Investment Total Area: c. 212.4 sq.m. Current Income €60,000 per annum Award Winning Etto Restaurant Upper Floors let to Ben O’Rafferty Solicitors Freehold Title Seeking Offers Excess €1.0m. Net Initial Yield 5.75% Reversionary Potential LOCATION 18 Merrion Row occupies a prime location 2 doors from the junction with Ely Place and c.70m. from St Stephen’s Green in the very heart of the City Centre. Merrion Row is an excellent retail and office pitch benefitting from high footfall and passing traffic. The area has an abundance of first class Hotels and Restaurants reflecting its prime location including The Merrion Hotel and Shelbourne Hotels and Restaurants including Patrick Guilbauds, Ely Wine Bar, Unicorn, Bang, Marcels, Pearl Brasserie and Hugos. The area is well served by public transport with the Luas Green Line terminus at St Stephen’s Green, the Cross City Luas Line (opening end 2017) on St Stephen’s Green, the DART at Pearse Street and numerous Dublin Bus routes closeby. 18 Merrion Row is a 4 storey over basement mid-terraced Georgian building with Restaurant use at Ground Floor and Basement and Office use on the upper floors. The building extends to a total floor area of c. 212.4 sq.m. / 2,290 sq.ft. The Ground Floor and Basement are let to Barmat Limited t/a Etto Restaurant. Etto opened in 2014 having taken over an existing 35 year lease and immediately made a big impression on the Dublin Restaurant scene winning multiple awards every year since. There is pedestrian laneway access to the rear of the building. The Upper Floors are fully let to Ben O’Rafferty Solicitors. The offices are laid out with 2 good sized offices per floor in standard Georgian building format. The offices have the benefit of an own door entrance separate from the Ground Floor unit. Ben O’Rafferty Solicitors have been a tenant in 18 Merrion Row for over 30 years. TOWN PLANNING The property is located in an area zoned Objective Z5 “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 Council Development Plan 2011-2017. The property is identified as a Protected Structure.

Accommodation

The building extends to a total floor area of c. 212.4 sq.m. / 2,290 sq.ft. ACCOMMODATION & TENANCY SCHEDULE ATTACHED

BER Details

BER: Exempt

Viewing Details

Strictly by appointment only Contact: Nicholas Corson at 01.614.7900 ncorson@finneganmenton.ie David Rowe at 01.614.7900 drowe@finneganmenton.ie

Description

Accommodation

The building extends to a total floor area of c. 212.4 sq.m. / 2,290 sq.ft. ACCOMMODATION & TENANCY SCHEDULE ATTACHED

BER Details

BER: Exempt

Viewing Details

Strictly by appointment only Contact: Nicholas Corson at 01.614.7900 ncorson@finneganmenton.ie David Rowe at 01.614.7900 drowe@finneganmenton.ie