A superb investment opportunity in the heart of the city centre.
This sale represents a solid investment ideal for a discerning purchaser seeking to acquire an income producing asset in the busy Smithfield Village complex. The property is located in one of Dublin’s most popular and iconic areas with local bars, restaurants and cafes all nearby. The Lighthouse Cinema, One Escape fitness centre and Fresh Supermarket provide local leisure and shopping convinces while the Luas Red Line provides superb public transport facilities.
Unit 3 comprises a ground floor restaurant extending to approximately c. 124 sq. m. / 1,334 sq. ft. Occupying a prominent position the unit consists of a seating area for c. 40 patrons, a kitchen, preparation area, store room and w/c.
Unit 7 is a small kiosk / storage area on the southern side of the unit currently used by the occupier of Unit 3 on an informal arrangement. This was formally used as an ATM.
The entire is occupied by Sparks Bistro under the following lease terms:
• Reserved Rent €26,000
• Term: 10 years 9 months
• Commencement: 23rd June 2014
• Rent Review: 2019 (upwards / downwards)
BER: E1 BER No.80517344 Energy Performance Indicator:1122.41 kWh/m²/yr
Viewing: By appointment
All our auctions are being conducted under the PSRA licence of REA Ed Dempsey. Any deposit paid will be held in the REA Ed Dempsey Auction Client account.