The prime mixed-use property at 44/45 South William St, Dublin 2, is for sale, with a guide price of €2,600,000.
The high profile Georgian buildings currently house Dada Moroccan cuisine and tapas restaurant on the basement and ground floor, as well as eight vacant studio apartments and three small offices and workshops, two of which are leased. All units on the upper floors are in need of refurbishment.
The two buildings are interconnected and arranged as four storey over basement, extending to approximately 9,000 sq ft.
The guide price of €2.6m gives an initial net yield of approximately 4.82%. Dada currently pays an annual rent of €123,000 under two coterminous leases, which are valid until April of 2030. There are two additional commercial tenants on the upper floors with a combined rent of €14,524 per annum.
South William St is within close walking distance to Grafton Street and the Castle Markets area, as well as Trinity College Dublin. The area has become one of Dublin’s best known entertainment quarters and is popular with tourists and locals. Nearby businesses include Metro Café, The Port House, Eden Bar & Grill, and the Powerscourt Townhouse Centre.
The sale is being handled by Bryan Garry of QRE Real Estate Advisers.
For more information on the sale, email email@example.com.