The Bull Ring', 67-70 Meath Street, Dublin 8 - Mixed Use Investment Opportunity For Sale By Private Treaty - Kelly Walsh
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‘The Bull Ring’,
67-70 Meath Street,
Dublin 8
Mixed Use Investment Opportunity
For Sale By Private Treaty
Tenants Not Affected
‘THE BULL RING’, 67-70 MEATH STREET, DUBLIN 8
Content
04 Investment Summary 07 Accommodation & Tenancy
05 The Property 08 Contact Information
06 Location
‘THE BULL RING’, 67-70 MEATH STREET, DUBLIN 8 ‘THE BULL RING’, 67-70 MEATH STREET, DUBLIN 8
P04 P05
1 The Property
An attractive
mixed-use investment
2
Centrally located
in Dublin 8
The subject property comprises a modern three storey block
Investment
extending to approximately 917 sq.m. (9,870 sq.ft.) over three
3
Excellent public
levels. The ground floor provides for 1 x cafe unit, 1 x retail
transport connectivity
unit and 1 x unit with planning for restaurant / takeaway use
Considerations
(ranging in size from 1,100 sq.ft. – 1,280 sq.ft.), together with 2 x
4 917 sq.m. (9,870 sq.ft.) NIA
levels of office accommodation accessed via a private
entrance to the eastern side of the building. The office
accommodation benefits from a private terrace at second
floor level.
5
Total current
rent €204,500 p.a.
The building was refurbished in its entirety during the course
“The property is located on the
of 2015/2016 with a new facade, windows and shop-fronts
eastern side of Meath Street, in
installed. In addition to this, new fire protection & building
6
the heart of The Liberties.” Estimated rental value
services have been installed throughout.
€285,000 p.a.
Office Specification:
Tenants include EDI Factory
7 Ltd t/a Celtrino and Tasty 8
Restaurant & Café
•
•
Raised access floors
Exposed ceilings
• New fit-out completed by landlord to current
tenant’s specification
8
Guide Price
• New Daikin HRV air conditioning system
€3,750,000
• New electrical and mechanical installations
• New 8 x person passenger lift
9 Tenants Not Affected
‘THE BULL RING’, 67-70 MEATH STREET, DUBLIN 8 ‘THE BULL RING’, 67-70 MEATH STREET, DUBLIN 8
P06 P07
Location 10 MIN WALK
Luas Bus
ON DOORSTEP
Dublin Bikes
2 MIN WALK
Taxi Rank
ON DOORSTEP Schedule of Accommodation
The property is located on the eastern side of Meath Street close Floor Area Sq.m. Area Sq.ft. Tenant Lease Start Lease Expiry Rent Review Annual Rent (€ )
to the junction with both Carman’s Hall and Engine Alley, in the Ground 102 1,100 Individual t/a 13.03.2017 12.03.2027* 13.03.2022 36,000
heart of The Liberties. (67/68) Tasty 8
Ground (69) 119 1,280 Vacant
The Liberties are ideally situated approximately 1km Southwest
Ground (70) 102 1,100 Vacant
of the City Centre. Traditionally associated with market trad-
ers, local family-owned businesses as well as whiskey distilling, First & 594 6,390 EDI Factory Ltd 01.03.2016 28.02.2026 01.03.2021 168,500 ** ***
it is now a centre of enterprise, innovation, art, design, leisure, Second t/a Celtrino
entertainment and commercial life. It is the home of the tech and Total 917 9,870 204,500
media hub as well as medical and education centres.
* Tasty 8 have a tenant only break option in year 5
** In addition to the contracted rent, EDI Factory Ltd t/a Celtrino pay the Landlord €10,000 p.a. for the provision of 10 x car parking spaces to be provided by the
The immediate vicinity benefits from many popular tourist Landlord at a location not more than 450 metres from the Demised Premises.
*** By way of Side Letter between the Landlord and EDI Factory Ltd t/a Celtrino, it has been agreed that the tenant’s total sum payable annually will not exceed
attractions such as the Guinness Storehouse approximately 600m €210,000 (ex VAT)
to the west, Teelings Whiskey Distillery approximately 550m to the
south and Christ Church Cathedral situated approximately 700m
to the east. The famous Vicar Street venue is a short 2 minutes’ T
Tenant Information
THO
MAS S REE
S ST
T REET THOMA
FR
THOMAS
walk from the property.
TESCO
AN
STREET
CIS
EXPRESS PHARMACY
ST
VICAR
RE
TIVOLI
ET
STREET DISTRICT 8 BACKSTAGE
E
RY LAN
HANBU
There are a number of student accommodation developments ST. CATHRINES
CHURCH
Q
IFT S
in the area including Newmarket, Thomas Street (opening DEA
N SW
V I CA
LIFFEY
COLLEGE
R ST
September 2018) and Garden Lane/Carman’s Hall (construction
REE
MEA
LIBERTY
MARKET
T
Y
ALLE
TH S
SW IFT
commencing April 2018).
TRE
EDI Factory Limited t/a Celtrino is a leading EDI Managed Service Provider
Y
IN E A L L E
ENG
FRA
LEGIT
ET
COFFEE
NC
THE
IS S
EN LN
CATH
GA R D JUG
in the UK and Ireland and a supply chain automation specialist.
TRE
L ACE ERIN
TH P
ET
The area is well served by public transport with numerous MEA
E ST
REET
Dublin Bus routes, Dublin Bike depots and the Red Luas line. EDI Factory Limited has a Vision Net Rating of 94/100.
REG
SPI
TRAMYARD
INA
ASH
TAF
EXCHANGE
LD
E
STRE
S
ILD
TRE
S
ET
ET
‘THE BULL RING’, 67-70 MEATH STREET, DUBLIN 8 ‘THE BULL RING’, 67-70 MEATH STREET, DUBLIN 8
Title
No. 67, 68 & 69 - Long Leasehold
No. 70 - Freehold
Guide Price
€3,750,000 ex VAT
Viewing
All viewings are strictly by
appointment through the joint
selling agents.
BER
BER Nos: Available Upon Request
Energy Performance Indicator:
674.89 kWh/m²/yr0.89 - 1190.96
kWh/m²/yr1.56
Joint Selling Agents
ORE
Bryan Garry
T: +353 (0) 1 637 5555
E: bryan.garry@qre.ie
Ellen Prenderville
T: +353 (0) 1 637 5555
E: ellen.prenderville@qre.ie
Kelly Walsh
Bryan Molloy
T: +353 (0) 1 664 5500
E: bryan@kellywalsh.ie
PSRA No. 002885
PSRA Registration No. 003587
The agents on their own behalf and on behalf of the vendor/lessor of this property, give notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations
of fact; and (c) the vendor/lessor does not make or give, and neither the agents nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations
to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement
contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Any
representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any 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 themselves (at their own expense) as to their correctness.
‘THE BULL RING’, 67-70 MEATH STREET, DUBLIN 8
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