Description
Features
Investment Highlights
Tenancy
Viewing
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Beds | |
Price | Sold |
Property Type | Investment Property |
Size | meters2 |
Energy Rating | BER- |
Refreshed on | |
Eircode | |
Group Name | Ed Dempsey & Associates |
Sales License Number | 003903 |
Description
The Grand Canal Hotel is regarded as one of the best located hotels in Dublin City Centre and is situated in leafy Ballsbridge. It is within close proximity of bars, restaurants, parks and within striking distance of The IFSC, Convention Centre, Three Arena and the Central Business District. The hotel is within very easy access of the Dart at the Grand Canal Dock and Spencer Dock Luas stop. It is also within easy access of Dublin Airport and the main Bus and Rail stations.
Features
Complimentary Wi-Fi Tea/Coffee Making Facilities 24 Hour Room Service En-Suite With Bath & Power Shower Work Desk Direct Dial Phone In Room Safe Ironing Station Hair Dryer
Investment Highlights
One Individual En-Suite Hotel Bedroom Let to an Established Hotel Operator On A 35 Year Lease From 2003 Gross Rent €6,657 p.a. With 5 Year Upward Only Rent Reviews No Annual Management Charges Good Tenant Covenant
Tenancy
The entire property is at present let to South Bay Ltd. for a term of 35 years from 2003 at a current gross rent of €6,657 per annum exclusive of rates. The lease provides for full repairing and insuring covenants. We understand the interest of South Bay Hotels Limited has been sub-let to McEniffs Grand Canal Hotel Limited whose interest is guaranteed by McEniffs Bundoran Limited and Brian McEniff. This sub-lease relates to the entire of the premises known as Grand Canal Hotel.
Viewing
Restricted viewing by appointment only
Date created: Jun 9, 2016