Dun Laoghaire, Co. Dublin – Prominent Central Investment & Development

FOR SALE

Prominent Centrally Located Investment & Development Dun Laoghaire,
Co. Dublin. Ireland

Retail & Office Investment + Residential Development with Full Planning Permission – 57/58 Lower Georges St & Convent Lane, Dun Laoghaire, Co. Dublin

57 & 58 Lower Georges St [both Retail Units] + 1^st Floor Offices & Convent Lane [Retail Unit], Dun Laoghaire, Co Dublin [Tenants Not Effected], + Full planning Permission for 4 Duplex 2 Bedroom Apartments, 1^st Floor Offices & Rear [Convent Lane] Retail Unit.

In the heart of Dun Laoghaire town, 5 minutes walk from Dun Laoghaire DART station & the Piers, this is an exceptional opportunity to purchase Tenanted Retail & Office + Development with Planning Permission.

57 Lower Georges St, Dun Laoghaire is a modern Ground Floor Retail Unit of 108m2/1162sqft Let on a 10 Full Repair & Insure Year Lease from August 28^th 2017 to Regatta Great Outdoors Ireland Ltd at a commencing Rent of €37,000 a year with 5^th year Rent Review to Market Rent & 6^th year Break option

BER: E1 – No: 800084675 – Performance: 512.23kWh/m2/yr

58 Lower Georges St, Dun Laoghaire consists of a Ground Floor retail jewellers of 120.77m2/1300sqft on a 25 Year Full Repair & Insure Lease with Rent Reviews to Market Rent every 5^th Year, Leased to McManus Jewellers Ltd, from Sept 1^st 2019, at a Commencing Rent of €40,000 a Year, with a Tenant Break Clause in year 10.

BER: F – No: 800468183 – Performance: 929.16kWh/m2/yr

Convent Lane [rear of 58 Lr Georges St], Dun Laoghaire consists of a Ground Floor retail unit of 102.19m2/1100sqft on a 25 Year Full Repair & Insure Lease with Rent Reviews to Market Rent every 5^th Year, Leased to Sterling Silver Ltd from Sept 1^st 2019 at a Commencing Rent of €15,000 a Year with a Tenant Break Clause in Year 10.

BER: F – 800468183 – Performance: 929.16kWh/m2/yr

Own Door Offices of 284m2/3054sqft on the 1^st Floor above 57/58 Lower Georges St [with access from Lr Georges St] Dun Laoghaire Let on a 4 Year 9 Month Demise Repair & Insure Tenancy to Meetingsbooker.com from June 1^st 2017 at a Rent of €32,000 a Year, with a 9 Month Landlord & Tenant Break Clause which can be triggered by either Landlord or Tenant from February 2020 [Extended on a rolling basis].
BER: F – No: 800468183 – Performance: 929.16kWh/m2/yr

PLANNING PERMISSION:

The Sale includes Full Planning Permission for the construction of 4 Two Bedroom Duplex Apartments, 1^st Floor Office Space of 25.74m2 & a Retail Unit [in Convent Lane] of 22.2m2].
Planning number D17A/0907  – Bord number ABP-300659-18

Note: this development will be largely where the current offices above 57/58 Lr Georges St are.

NOTE: Sellers will consider:

1. A.  Joint Venture
   B. Sale of the Planning Permission & part of site covered by same
   C. Sale of the Retail Units
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2.  A. For Sale Freehold
   B. Tenants Not Affected
   C. Viewing by Appointment
   D. Sight of Leases, Planning Permission etc on request, subject to confidentiality
   E. Price on Application from Thom Burke-Kennedy for Burke Kennedy Estate Agents Ltd.
   
   DISCLAIMER: Details & information are given in good faith & believed to be correct & accurate. However, Burke Kennedy Estate Agents Ltd & their agents shall not be held liable or responsible for inaccuracies. All descriptions, dimensions, references to condition & permission for use & occupation, & other details are believed to be correct but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their correctness.
   Burke Kennedy Estate Agents Ltd do not hold any Client/Tenant/Purchaser funds.
   Property Services Regulatory Authority Licence Number: 003745-006783