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120 Pembroke Road

Investment Property (364.00 sqm) For Sale by Private Treaty
of

Price Offers in the Region of €1,750,000

Features

  • Impressive four storey over garden level, end of terrace Georgian property
  • Mixed use investment opportunity currently producing €109,800 per annum
  • High profile, central location at the junction of Pembroke, Lansdowne and Northumberland Roads
  • Situated in an area with a range of amenities and excellent public transport routes ensuring strong office and residential occupier demand
  • Comprising residential, office and restaurant accommodation extending to approximately 436 sqm (4,688 sqft)

Location

120 Pembroke Road is situated in a prime location on the northern side of Pembroke Road at its intersection with Landsdowne Road and Northumberland Road, between Ballsbridge and the city centre. The area is an established business location and is often referred to as the ‘Embassy Belt’. The Israeli Embassy occupy Carrisbrook House which is immediately adjacent to the subject property.  Other notable occupiers in the surrounding area include Bank of Ireland, AIB, Currency Fair, US Embassy and the Embassy of the UAE. Hotel and leisure amenities are in abundance with the Ballsbridge Hotel, Herbert Park Hotel, Aviva Stadium, the RDS, Herbert Park and numerous pubs and restaurants all within walking distance. The area also benefits from excellent public transport services with the Train/DART at Lansdowne Station, numerous Dublin bus routes, Aircoach 702 route and a Dublin city bike station all within close proximity.

Full Description

The property comprises an end of terrace four storey over garden level Georgian building which dates from approximately 1840. The building is now in mixed use including office accommodation with a restaurant at garden level.  Externally the property has a brick façade incorporating sliding sash windows. Internally the property is in good decorative order and retains many original period features. The restaurant, at garden level, which currently trades as Orchid Restaurant is well presented and provides seating for up to 100 people. The hall and first floors including the return levels are currently in use as offices and are fully let. The second floor is currently vacant. The top floor / attic space is accessed via a spiral staircase and offers potential for conversion subject to planning and upgrade.

 

Tenure

We understand the property is held Freehold.

VAT

The purchaser will be liable for any VAT (if applicable) arising out of the transaction.

 

Viewing Details

By appointment only

Accommodation

    We set out below our understanding of the commercial element of the building’s net internal area (NIA):

     

    Commercial:

     

    Floor Sqm Sqft
    Second Floor 52.12 561
    First Floor Return 10.58 114
    First Floor 58.52 630
    Hall Floor Return 23.23 250
    Hall Floor 46.23 498
    Garden Level 163.32 1,758
    Total 301.9 3,250

     

     

    Investment/Tenancy Details:

     

    The top floors are being sold with vacant possession. The remainder of the property is leased under three separate leases. The tenancy details are summarised below:

     

    Floor Tenant Passing Rent p.a. Lease Terms
    Third Floor / Attic Vacant  
    Second Floor Vacant    
    Hall, First & First Floor Return Robinson O’Neill €45,000 4 year 9 month lease from 01 June 2016
    Hall Floor Return Earth Consultants €7,800 Overholding a 3 year agreement from May 2014
    Garden Level
    Moanne Chow t/a Orchid Chinese Restaurant
    €57,000 35 year lease from 01 January 2016
    Total:   €109,800  

     

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BER Details

BER: Exempt

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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