38-39 FOR SALE - LEESON STREET LOWER DUBLIN 2 - Murphy Mulhall
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
38-39
L EESON STR EET LOWER
DUB LIN 2
FOR SA L E
PRIME GEORGIAN MIXED-USE
IN VESTM ENT OPPORTUNITY
38-39
LEESON ST R E E T LOW E R
PROPERTY OV ERV I EW
Prime Georgian mixed use Excellent city centre Mix of office, leisure Includes two
investment opportunity location and residential use no. three bedroom mews
throughout extending to properties to the rear PA
R
approx. 1,400.8 sq m
(15,080 sq ft) GIA
REET
Y ST
MAR
CAPE
L STR
EET
UPP
Y ST
ABBE
AY
ND QU
ORMO
Rive
r L if
fe y QUAY
Total passing rent of 9 surface car parking Freehold Title
ND
INN'S QUAY ORMO W
AY
€244,900 per annum spaces situated
ESSEX QU
MERCHANTS QUAY
QUAY
WOOD
from 9 commercial and to the rear
residential tenants
DU
ES
FRA
A G REAT LOC ATI ON
PATRICK STREET
NC
ES
STR
EET
Shelbourne Hotel
Grafton Street
Merrion Square
Luas Line
St. Stephen’s Green
Iveagh Gardens Conrad Hotel
Fitzwilliam Square
38-39
LEESON STREET LOWER
ST
SIL
RAS
NB
CLA
ROAD
CIRCULAR
SOUTH
GROVE RD
LOCAT I O N
The subject property is prominently located on
Lower Leeson Street, approx. 0.2 km south of
St. Stephen’s Green and approx. 150 m north of
Leeson Street Bridge, on the western side of the
street. Leeson Street is a primary thoroughfare
linking the N11 national route with the city centre.
The area is an established Georgian location with
office occupiers nearby including The Institute of
Education, The Australian Embassy, The Cypriot
Embassy and Dublin Institute for Advanced
Studies. The central nature of this location
2 ensures ease of access to a range of amenities
MAR
LB
including St. Stephen’s Green, Iveagh Gardens
OR O
GA
UGH
RD
and Fitzwilliam Square, all within a short walking
INE
ST
R
ST
CONNOLLY
distance.
LOW
STATION
5
ER
ET
TRE
O'CO
NS S
LS
T Leeson Street is well serviced by public transport
AMIE
EL 3 6
NNE
RN
BUS including the Charlemont Luas stop approx. 700 m
LL S
S
STATION
LUAS away. Dublin Bus operate frequent services from
AD
LUA
GUILD STREET
T
T
REE
Leeson Street while Pearse Street DART station is
EAST WALL RO
REET
T
RY S
HEN
CUSTOM
ABB
EY S
T LOW
ER
HOUSE also situated nearby.
CUSTOM HOUSE QUAY
DLE
ST MID 3
ABBEY 1 ED EN Q
UAY Arena
RIVER LI
FFEY
PER
GEORGE'S QUAY
4 H QU
AY CITY QU
TARA STREET
AY
BURG
ALK
TARA STREET
SW Y STATION
HEL
OR
F FE SIR JOHN RO
BAC LI GERSON’S QU
R AY
D'
VE
OL
RI QU
AY SIR JOHN RO
IE
AST
ON GERSON’S
R
QUAY
ST
R
Y LOWE
TOWNSEND STREET
UAY
ON Q
LINGT
WEL
PEAR
ET
SE S
BENSON STRE
TREE
T
HANOVER QUAY
BORD GÁIS
PEAR THEATRE
TRIN SE S
DAME ST TREE GRAND
ITY C T
AL QUAY
OLLE CANAL
GE
GRAND CAN
EET
UBLIN PEARSE STREET
MACKEN STR
STATE STATION PEARSE
STREET
FENIAN
ST
SOUTH DOCK
T
REE
STREET PARK
REET
N ST
EET
FTO
BARROW STR
N ST
ME Shelbourne Park
RR
GRA
Greyhound
ET
ION
DAWSO
LO
STRE
SQ WE Stadium
UA RG
RE RA
ME N ND
ARE
RR CA
ION NA
EET
KILD
R
LS GRAND CANAL
UP
SQ LO T
AUNGIER STR
UA WE DOCK STATION
ST
ST S ME RE RM
TEP OU
ION
HEN RR NT
SG ION ST.
RR
REE SQ
NN UA
ME
ORT RE
H S
S
LUA
ST S
TEP BAG
GOT
GRE HEN’S STR
EET BATH AVEN
UE
EN
AST
NE
CUFFE ST
REE
ST S
TEP
SG
HEN
SG
HEN
REE
NS
38-39
OU
CE
TEP
CAMDE
TH
LA
ST S
TP
LW
R
BE
R
N ST
BA
R
HE
LEESON STREET LOWER
SHELB
GG
AVIVA
OT
LWR
STADIUM
ST
AD
.
OURN
IVEA RO
ON
LE
GAR GH FIT GT
ES
IN
HARCO
DEN ZW DD
E ROAD
ON
S SQ ILLI HA
ST
UA AM
RE
RE
URT ST
ET
LANSDOWNE ROAD
LO
STATION
WE
R
HATCH ST
E
AC
CAMDE
RR
N TE
LTO D
WI OA
IL R
N ST UP
SP PEMBROKE
ME ROAD
ADEL
AIDE
R
RD
CH
AR
LE
M
LU
ON
T
A
DE
RD
A
S
PAR
ND
GRA
SU
SS
EX
RO
D AD
AL R
CAN
D
T H E PROPERTY
38-39 LOWER LEESON Leeson Place. Primary access to the The nightclub has two separate access
STRE ET COMPRISES TWO office and residential accommodation points situated at the front and rear.
ADJOINING FOUR STOREY is via Leeson Street with a secondary The property benefits from 9 surface
OVER BASEMENT GEORGIAN access to the rear via Leeson Place. car parking spaces at the rear of the
BUILDINGS EXTENDING TO building.
A TOTAL NET INTERNAL
AREA OF APPROXIMATELY
SCHEDULE OF ACCOMMODATION
1,400.8 SQ M (15,080 SQ FT).
38-39 LOWER LEESON STREET
The property is arranged to provide a Floor Use Sq M (GIA) Sq Ft (GIA) Sq M (NIA) Sq Ft (NIA)
nightclub at basement level with office
Basement Nightclub 372.4 4,008
accommodation located on the ground,
first and second floors. Internally, the Ground Offices 220.6 2,376 113.2 1,219
property is in good condition throughout First Offices 245.8 2,646 188.5 2,028
and retains a number of period features Second Offices 212 2,282 139 1,496
including sash windows, coving and Third Residential 186.1 2,003
cornicing. The office accommodation
benefits from CAT 5 cabling. The top Mews
floor comprises two no. 2 bedroom
38a Residential 80 861
apartments, one of which has access to
38b Residential 79.3 854
a private balcony via no. 38.
TOTAL 1,400.8 15,080 440.7 4,744
There are two no. 3 bedroom three-
storey mews properties situated to the Please note these areas were measured and certified by Malcolm Hollis. A copy of the full
rear of the building and fronting onto report, which is assignable to the purchaser, is available by request.
TENANC Y
The below tenancy schedule provides a summary of existing tenancies within the building.
Lease Start Passing
Tenants Floor Term Lease Expiry Break Use Comments
Date Rent (pa)
Basement €65,000 to
Rent fixed for
of 38 and 39 31/12/22 Place of Public
Patrick O'Keeffe 24/05/22 10 years 23/05/32 n/a duration of
Lower Lesson €100,000 Entertainment
the lease
Street thereafter
Ground &,
Urban Property First Floors, Includes 4 no. car
18/06/21 5 years 17/06/26 €38,000 Offices
Solutions Limited 38 Lower parking spaces
Leeson Street
Option to extend
Urban Property Second to co-terminus
01/09/21 1 years 31/08/22 n/a €10,000 Offices
Solutions Limited Floor with Ground and
First Floor lease
Ground & First
Currently
Floor Return,
Vacant n/a n/a €0 Offices vacant ROFR for
39 Lower
Fenestra Pro
Leeson Street
First Floor, 39
Phison Limited t/a Includes 1 car
Lower Lesson 01/07/20 3 years 31/08/23 €27,500 Offices
Fenestra Pro space
Street
Rooms 1,2,3
and 4 on the
Marie Walshe, Eve
2nd floor and
Watson & Donna
room 5 on 4 years 9
Redmond t/a 01/07/21 31/03/26 €30,000 Offices
the 2nd floor months
Leeson Analytic
return of 39
Centre
Lower Leeson
Street
Apartment 2, 39
Residential
Lower Leeson Third floor 08/08/20 €22,800 Residential
Tenancy
Street
Penthouse, 39
Residential
Lower Leeson Third Floor 15/12/20 €27,600 Residential
Tenancy
Street
Residential Residential
38a Lesson Place 05/09/14 €24,000 Residential
Mews Tenancy
Residential
38b Leeson Place n/a Vacant €0 Residential
Mews
Total €244,900*
* Increasing to €279,900 on 01/01/23.
Z ONING
The subject property is located in an area zoned Z8 -
“To protect the existing architectural and civic design
character, and to allow only for limited expansion
consistent with the conservation objective” under
the Dublin City Development Plan 2016 – 2022.”
The property is a listed building on the Dublin City
Council Record of Protected Structures.
38-39
L E E SO N ST R E E T LOWE R
DUBL IN 2
F URTHER I NFOR MAT I O N
VAT BER VIEW INGS
Further information upon request. By appointment only.
CONTACTS SO L I CI TO R S
JAMES LOUGHNANE BRIAN GAFFNEY Donal M. Gahan,
+353 (1) 639 9209 +353 (1) 634 0300 Ritchie & Co.
James.Loughnane@cushwake.com bg@murphymulhall.ie 36 Baggot Street Lower
PSRA NO: 002222-006489 PSRA No. 003754-001264 Dublin 2
D02 XE16
EOGHAN LALLY HUGH O’DONNELL
+353 (1) 639 9396 +353 (1) 634 0300 JOSEPH RITCHIE
eoghan.lally@cushwake.com hugh@murphymulhall.ie +353 (1) 676 7277
PSRA No. 002222-009000 PSRA No. 003754-008827
Disclaimer: Conditions to be noted: 1. These particulars do not constitute an offer or contract or any part thereof and none of the statements
contained in the particulars as to the property to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor
is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions,
references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be
correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself/herself
by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract
of sale, the latter shall prevail. 5. The terms, Vendor and Purchaser, where the context requires shall be deemed to refer to Lessor and Lessee
and Landlord and Tenant respectively. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and the purchaser/lessee shall be liable
for any VAT arising on the transaction. 7. The Vendor reserves the right not to accept the highest or any offer made.
Brochure design by
You can also read
