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10 Talbot Street, Dublin 1

Investment Property (407.76 sqm) For Sale by Private Treaty
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Price €1,400,000

Location

The property is located on the north side of Talbot Street, midway between the junctions with Marlborough Street and Gardiner Street Lower. Talbot Street comprises a good quality retailing street, in the heart of the north inner city and benefits from high levels of pedestrian footfall throughout the day. There are numerous notable retailers within close proximity such as Tesco, Starbucks, Paddy Power Bookmakers.

 The property benefits from a good variety of transport options including a number fo Dublin Bus routes running along Talbot Street and Amiens Street, the Luas Red Line and rail services from nearby Connolly Station on Amiens Street, which is a short distance to the east.

Full Description

The property comprises a three storey over basement mixed-use period building with an attic conversion. The property is not listed in the Dublin City records of protected structures.

The ground floor and basement provide for a rectangular shaped retail unit and basement store. The tenant of the ground floor Paddywagon Limited have recently undertaken fit out works which included new ceiling tiles for the suspended ceiling at ground floor.

The Upper floors of No.10 Talbot Street are accessed via a seperate self-contained entrance and stairwell located on Talbot Street.  The upper floors provided for 2 no. residential apartments. The first floor comprises a 1 bedroom apartment. The second floor comprises a 2 bedroom duplex apartment. Both apartments are finished to a high standard and are in very good condition internally.

 

Tenure

It is our understanding the property is held freehold.

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    The approximate net internal areas (NIA) are as follows:

    Floor Sq.M Sq. Ft  
    Basement 97.07 1,045  
    Ground Floor 150.11 1,616  
    First Floor (1 bed) 62.46 672  
    Second floor and Attic (2 bed) 98.12 1,056  
    Total  407.76 4,389

    All intending purchasers are specifically advised to verify all floor areas and undertake their own due dilligence.

     

     

     

Lease Details

The property is generating a total of €116,200 per annum in rent.The ground floor and basement are let to Paddywagon Limited on a 20 year lease from 1st April 2016 for €85,000 per annum. Rent review every 5 years at open market rental value. Tenant break option in year 7. Apartment 1 is generating a rent of €1,100 per month and is let on a residential tenancy. Apartment 2 is generating €1,500 per month and is let on a residential tenancy.

BER Details

BER: D1-G

Contact Details

Address: St Stephen's Green House, Earlsfort Terrace, Dublin 2
Telephone: +353-1-638 2700 or you can also email us at dublin@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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