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Restaurant Investment, 38-40 Parliament St, Temple Bar, Dublin 2

licensed and leisure Property Sale Agreed
of

Sale Agreed

Location

The subject property is centrally positioned within the heart of Dublin City to the south side of the River Liffey within the renowned Temple Bar district being Dublin’s “Cultural Quarter” as well as being a premier destination for tourist recreation and entertainment amidst the City Centre’s principal business, banking, commercial, retailing and cultural concerns.

38-40 Parliament Street enjoy a prominent corner trading position to the south west of the Temple Bar district directly opposite Dublin Castle and City Hall benefiting from extensive frontage to both Parliament Street and Cork Hill.

Surrounding occupiers are principally commercial in nature comprising numerous complementary restaurants, licensed premises and hotels. There is also a large residential populace within the district located to the upper floors of the many surrounding properties.

Full Description

The restaurant comprises a portion of the ground floor and basement of an original four storey over basement corner terraced property and is located to its south-eastern boundary at the apex of Parliament Street and Cork Hill.

Utilised as lock-up restaurant premises with table seating, kitchen and wash-up accommodation to ground floor level together with customer toilet, service and storage accommodation to basement level.

Viewing Details

Please contact Shane Markey or Tony Morrissey to arrange a viewing

Lease Details

The property is leased to Banta Restaurants Limited, trading as Beef & Lobster, under a 25 year FRI lease from April 2014 (21 years unexpired) with five yearly rent reviews. The contracted rent for the property is €100,000 per annum. Importantly, the lease allows for a rent review in February 2019. The lease is personally guaranteed by the directors of Banta restaurants ltd until May 2019.

BER Details

BER: C3
BER No. 800636128

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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