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22U P P E R BAGGOT STREET
22U P P E R BAGGOT STREET
HIGHLIGHTS
− Prime mixed use investment opportunity
− High profile position on Upper Baggot Street
− Fully let, producing €110,500 per annum
− Highly reversionary
LOCATIONEnjoying one of Dublin’s most convenient and sought after locations, the property is perfectly positioned on busy Upper Baggot Street close to its junction with Eastmoreland Place.
The property is a short stroll from Grafton Street, St. Stephen’s Green and the affluent villages of Ballsbridge and Donnybrook.
The immediate area is home to a host of high profile office occupiers including Bank of Ireland, Sky, LinkedIn, Fit Bit, EBS, Amazon, Storyful and Jazz Pharmaceuticals. Furthermore, the area offers a high concentration of bars, restaurants and cafés together with retailers including Tesco, Boots and Donnybrook Fair.
The area is well serviced by public transport including both the Luas, DART and numerous bus routes all within walking distance.
The property comprises an impressive Victorian building over four floors with restaurant on the ground floor and offices overhead.The ground floor presents in excellent condition and has been finished to the highest standard with a premium, high quality fit out in place. The main entrance opens to a bespoke cocktail bar with feature displays and mosaic flooring. The dining area is open plan and provides attractive banquette seating and stylish parquet flooring. The kitchens are located to the rear and the restaurant has the benefit of an outdoor seating area fronting onto Upper Baggot Street.
The upper floors are in office use and enjoy independent access from both Upper Baggot Street and Eastmoreland Lane to the rear via the car park. The accommodation is bright and spacious with general specification including carpeted floors, plastered and painted walls and ceilings and electric storage heating. The upper floors retain many original period features with original fire places and sliding sash windows.
There is a substantial yard to the rear, accessed via Eastmoreland Lane, that accommodates two car parking spaces and a storage lockup for the restaurant. The entire extends to a total floor area of 3,580 sq.ft. (NIA).
DESCRIPTION
TENANCY SCHEDULETenant Demise Size
Sq.m.Size
Sq.ft.Term Start Date Break/Expiry
DatePassing Rent Per Annum
Eatilicious t/a Saba Ground Floor 187.01 2,013 15 years 1st November 2015 31st October 2025 €85,000 *
Elmwood Centre 1st, 2nd and 3rd floor plus 2 car parking spaces
145.55 1,567 4 years and 9 months
8th March 2015 7th December 2019
€25,500
Total 332.57 3,580 €110,500
Numerous Dublin bus routes serve the immediate area
Dublin Bikes station available at Herbert Place
Ample on-street meter parking available on Upper Baggot Street
The DART is available at Lansdowne Road
THE TENANTSSaba is an award winning Thai and Vietnamese Eatery. Saba opened their first restaurant on Clarendon Street in Dublin city centre in 2006. Their Baggot Street premises opened its doors in 2015 and serves as a relaxed neighbourhood eatery with a more casual approach than their sister restaurant in the city centre but with all the same vibrancy and character. The Saba company also provides successful takeaway services under their “Saba To Go” brand with further premises in Rathmines, Windy Arbour, Dundrum and Deansgrange.
This Elmwood Centre, which was established in 1987, provides counselling and psychotherapy services. The practice now employs five full-time psychotherapists who offer a comprehensive range of services and expertise.
WAULT - 6.82 years.* Rent is €42,500 in years 1 and 2 and €85,000 in years 3-5. The Vendor proposes to top up the rent to €85,000 until the fixed uplift in November 2017. Accordingly, the incoming purchaser will be in receipt of €85,000 should the sale close before November 2017. Full details available on request.
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CUFFE STREET
FITZ
WIL
LIAM
STR
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BAGGOT
MERRION ROW
MOUNT STREET
MERRION SQUARE NORTHMERRION SQUARE SOUTH
MESPIL ROAD
HADDINGTON ROAD
merrion ROAD
PEMBROKE ROAD
NO
RTHUM
BER
LAND RO
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GRAND CanAL STREET
GRAND PARADE
CANAL ROAD
CA
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STR
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kil
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STREE
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NASSAU STREET
PEARSE STREET
PEARSE STREET
TOWNSEND STREET
HOLL
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LIM
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TREET
LOM
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TREE
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SIR JOHN ROGERSON’S QUAY
CITY QUAY
GEORGE’S QUAYQUAY
BURGH
EDEN QUAY
BACHELOR’S WALKMIDDLE
WELLINGTON QUAYORMOND
CUSTOM HOUSE QUAY
NORTH WALL QUAY
SHERIFF STREET UPPER
EA
ST W
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TARA
STREET
MO
SS S
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LEESON STREET LOW
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sussex road
RA
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street upper
moreha
mpto
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DAME STREET
thomas STREET
bone
cork street
st. lukes
patric
k’s
street
cornmarketjames’ STREET
STREE
T
brid
gefo
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STR
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QUEEN
ST
REET
INNS QUAY
WOOD QUAY
USHER QUAY
ARRAN QUAY
ELLIS QUAYWOLFE TONE QUAY
VICTORIA QUAY USHERS ISLAND
BLA
CKHA
LL P
LACE
CHURCH S
TREE
T
trinity college
GRAND CANAL DOCKS
mountjoysquare
st. Stephen’sgreen
Phoenix Park
temple bar
river liffey
iveaghgardens
nationalconcert hall
THE GASWORKS
BOARD GAISTHEATRE
grand canal station
pearse streetstation
tara streetstation
connollystreetstation
Maynooth Line
st. Stephen’s greenshopping centre
george’s arcade
Tivolitheatre
st. patrick’s cathedral
christchurch
guinnessstorehouse
st. james gate guinness brewery st. james gate
guinness brewery
Customshouse
IFSC
bank ofireland
National college
of Ireland
ilac centre
JERVISShopping
centreSMITHFIELD
Mater hospital
rotundahospital
crokepark
National convention
centre3 arena
GIBSONHOTEL
centralbank
governmentbuildings
national gallery
merrionsquare
fitzwilliamsquare
STREE
T
STREET
STREE
T
STREET
D’OLIER ST.
QUAY
ABBEY STREET
LOWER ABBEY ST.HENRY STREET
CA
PEL STR
EET
parnell
STREET
parnell
STREET
square west
summerhill
summer
hill PA
RADE
BALL
YBOU
GH R
OAD
EAST WALL ROAD
EAST WALL ROAD
am
iens
stre
et
SEVILLE PLACE
GUIL
D S
TREET
PORTLAND ROW st
rand
roa
d
NORT
H st
rand
roa
d
TALBOT STREET
O’CO
NNELL STR
EET
GA
RDIN
ER STR
EET
GARD
INER STREET
BELVED
ERE ROAD
North circular road
CLONLIFFE ROAD
DRU
MCO
NDRA
ROA
D L
OW
ER
CLONLIFFE ROAD
North circular road
DALYMOUNTCABRA ROAD
CABRA ROADCABRA ROAD
OLD CABRA ROAD
NORTH CIRCULAR ROAD
NORTH CIRCULAR ROAD
PH
IBSBO
RO
UG
H R
OA
D
FINGLAS ROAD
dors
et
BOLT
ON S
TREE
T
NORTH KING STREET
STREET
stree
tlo
wer
parnell
lane
avenue
leeson
pepper canister church
GRAND CANAL
GRAND CANAL
WILTONPLACE
Milltown road
Mil
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Clo
nsk
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d
dun
drm
ro
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robuck roa
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RiverDodder
RiverDodder
RiverDodder
University College Dublin
Beech Hill Office Campus
Elm Park Golf Course
St. vincent’sUniversity Hospital
St. Michael’s College
Merrion Centre
Herbert Park
stillorgan road
rock road
mount merrion avenuefost
er’s
aven
ue
stillorgan road
ailesbury road
eglington road
nutl
ey lane
donnybrook road
mer
rio
n ro
ad
stra
nd r
oa
d
sydn
ey p
ara
de avenue
sydney paradestation
sandymountstation
Lansdownestation
st. james HOSPITAL
RIVERCORMAC
MUSEUM OFMODERN ART
IRISH NATIONAL WAR MEMORIAL PARK
PEOPLE’S GARDEN
ST. JOHN’S ROAD WEST
SO
UTH
CIR
CULA
R R
OA
D
CON COLBERT ROAD
inchicore road
old kilmainham
emmet road
DOLPHIN ROAD
DOLP
HIN’
S BA
RN
PARNELL ROAD
NORT
H CIRC
ULAR
ROAD
AUGHRIM STREET
MANO
R STREET
HEUSTON TRAINSTATION
Mil
ita
ry
Ro
ad
Kilmainham LaneVICAR STREET
AISLING HOTEL
SPORTS GROUNDS
RANELAGH road
HERB
ERT
PARK
MARLBOROUGH ROAD
HARCOURT
CHARLEMONT
RANELAGH
LOWER
SHELBOURNEHOTEL
MESPILHOTEL
HILTONHOTEL
BELGRAVE SQUARE
BLACK BIRD
OMNIPLEX
RATHMINES COLLEGE
CASTLEWOOD AVENUE
RATH
GA
R R
OA
D
RATH
MIN
ES R
OA
D L
OW
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SERP
ENTI
NE A
VEN
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SH
ELB
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RN
E R
OA
D
merrion ROAD
PALMERSTON PARK
KENILWORTHSQUARE
CLAREVILLE ROADRATH
GA
R A
VEN
UE
HIGHFIELD ROAD
KENILWORTH ROAD
LEINSTER ROAD
RATH
MIN
ES R
OA
D U
PPER
Beechwood
COWPER
MILLTOWN
WINDY ARBOUR
BUSHY PARK
MILLTOWN GOLF COURSE
HARO
LDS
CROSS
ROAD
RATH
FARNHA
M R
OA
D
TEMPL
EOGU
E RO
AD
TERENURE ROAD EAST
DODDER PARK ROAD
ORW
ELL ROA
D
ORWELL ROAD
Baggot Lane
BU
RLI
NG
TON
RO
AD
eastmoreland
lane
FAIRVIEWPARK
Clonliffe Ave Campus
LUA
S C
ro
ss City
LUAS
gree
n l
ine
LUAS red line
MERRION hOTEL
Number 1ballsbridge
AVIVA STADIUM
baggot st. upper
TITLEWe understand the property is held under Freehold title.
SOLICITORMcDowell Purcell SolicitorsThe Capel Building, Mary’s Abbey, Dublin 7.Thomas O’MalleyTel: +353 (1) 828 0600E: [email protected]
BER Exempt
The above particulars are issued by Colliers International on the understanding that all negotiations are conducted through them. Every care is taken in preparing the particulars which are for guidance only and the firm do not hold themselves liable for any inaccuracies. Maps are not to scale and areas/dimensions are approximate. All reasonable offers will be submitted to the owners for consideration but the contents of this brochure will not be deemed to form the basis of any contract subsequently entered into.
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For identification purposes only.
22U P P E R BAGGOT STREET
CONTACTColliers InternationalHambleden House,19-26 Lower Pembroke Street,Dublin 2.Tel: +353 (1) 633 3700
Stephen Conway – [email protected] Duffy – [email protected] McGarry - [email protected]