Cappello, 54a Thomas Street, Christchurch, Dublin 8

An exceptional investment opportunity in the heart of Dublin City Centre.

54A Thomas Street is a mixed-use building comprising a ground floor commercial unit and six residential units overhead- three studio apartments and three two-bedroom apartments. The commercial unit is securely let to Bennett Foods, trading as an Italian restaurant, on a 20-year lease from April 2019, with 5-yearly rent reviews providing long-term income stability. All residential units are fully let, ensuring a strong rental stream.

The building currently produces a total passing rent of 147,360 per annum, with the breakdown as follows:

54a Thomas Street
Retail 2,500 30,000
1 1,175 14,100
2 2,077 24,924
3 1,197 14,364
4 1,900 22,800
5 1,419 17,028
6 2,012 24,144
12,280 147,360

The building is being sold with the benefit of the tenancies and represents a ready-made opportunity for a discerning Investor.

Location:

The building is located on Thomas Street close to Francis Street and is within a very short distance of some of Dublin's most popular and historic visitor attractions including the Guinness Storehouse, Christchurch Cathedral, and Dublin Castle. The Christchurch & Liberties area has seen a great deal of investment in recent years and is now host to an array of award-winning restaurants and popular bars.

Guide Price:

2,100,000

Features:

Prime City Centre mixed-use investment opportunity
Commercial unit let to Bennett Foods on a 20-year lease (from April 2019)
Six fully let residential units (3 studios and 3 two-bedroom apartments)
Strong passing rent of 147,360 per annum
High-demand location with excellent rental growth potential

Disclaimer: The above particulars are issued by Herbert & Lansdowne Estate Agents on the understanding that all negotiations are conducted through them. Please note that we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items.