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4/6 Thorncastle Street, Ringsend. Dublin 4

Investment Property (256.00 sqm) Sale Agreed
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Sale Agreed

Features

  • The property comprises a three storey over basement mid-terraced building in a prominent location on Thorncastle Street, within walking distance of Grand Canal Dock and Dublin City Centre.
  • Subject to an annual rental income of €70,000 per annum.
  • The property extends to 256 sq.m (2,755 sq.ft).
  • Yard to the rear of the property with development potential (subject to planning permission).
  • Tenants not affected.

Location

4-6 is located on the northern side of Thorncastle Street close to its junction with Bridge Street. It is approximately 650 metres east of the Grand Canal Basin and approximately 2.4 kilometres east of Trinity College Dublin.

Ringsend is a well-established residential and commercial area with a number of high profile occupiers in the immediate area as well as a number of privately owned residential dwellings. Transport links are well established in the immediate area with Dublin Bus operating a regular service to the city centre and Grand Canal and Pearse Street DART Stations within 10 minutes’ walk of the subject property.

The immediate area offers an extensive array of amenities and services such as schools, retail and leisure facilities.

Full Description

The property comprises two interconnecting mid-terrace buildings providing for retail accommodation on the ground floor, office accommodation on the upper floor and a small development site to the rear. The property is of concrete construction, with a traditional wood finish externally at ground floor level. The upper floors benefit from separate on-street access and are laid out as a reception at first floor level and a number of partitioned offices and w/c facilities. The second floor allows for a similar lay-out with generous office accommodation and meeting room facilities.

In total the property extends 256sq.m/2,755 sq.ft . The development site to the rear extends to124 sq.m (1,334 sq.ft). It previously had planning permission for the construction of a 4 storey development consisting of commercial accommodation on the ground floor and 3 no. apartments at upper levels. The site comprises a small garage, which was previously in use as a doctor’s surgery and is currently vacant.

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    The approximate Net Internal Area (NIA) is as follows:

    Combined Total

    Sq.M (NIA)

    Sq.Ft (NIA)

    Basement

    68.12

    733

    Ground

    73.14

    787

    First

    56.12

    604

    Second

    58.36

    628

    Total

    256.00

    2,755

    Potential purchasers are specifically advised to verify the floor areas as part of their due diligence.

     

    Tenancy

     

    The ground floor is let to Bradleys Pharmacy for a term of 35 years from 27th November 2003 at an annuaol rent of €40,000 per annum. The upper floors are let to Carroll Food Services Ltd for a term of 10 years from April 2017 at an annual rent of €30,000 per annum. This equates to a net initial yield of 7.88% after standard purchasers costs of 4.46%.

BER Details

BER: C2-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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