Investments
Ref 207168

116 Grafton Street

South City Centre
Dublin, D02 EE95

For sale€2,900,000
Size1,465 ft² / 136 m² (approx. 13 desks)

Summary

Prime retail investment situated on Ireland’s premier shopping street.

  • Ground floor and basement unit extending to approximately 136.1 sq. m. (1,465 sq. ft.) NIA.
  • Fully let to global cosmetics retailer Lush on effective FRI lease terms.
  • Passing rent of €285,000 pa.
  • Offers Asset Management / Re-gear potential.
  • BER Exempt.
  • New kGuide price: Excess €2.9 million (subject to contract and exclusive of VAT) reflecting a net initial yield of approx. 8.94%, assuming standard purchaser costs of 9.96%.ey point...

Description

116 Grafton Street comprises the freehold interest in the ground and basement of a five story over
basement mixed use property.

The ground and basement floors extend to 136.1 sq m (1,465 sq ft) and are arranged to provide
ground floor retail and basement storage. The upper floors provide four self-contained apartments
which have been sold off on a long leasehold basis.

The ground floor comprises a traditional shop front with glazed façade providing approximately
6.6m of frontage on to Grafton Street. Extending to 80.1 sq m (862 sq ft) NIA, the ground floor is fitted
out to provide an open plan retail unit and comprises tiled flooring, plastered and painted walls and
ceilings, incorporating both pendant and spot lighting. The unit benefits from a recent tenant refit.

The basement extends to 56 sq m (603 sq ft) NIA and is arranged to provide an office, kitchenette
staff area, storage and two W.C.’s.

Location and Transport

116 Grafton Street commands a prominent position on Grafton Street, Dublin’s premier shopping street.

The property is situated on the western side of Grafton Street between the Suffolk Street/Nassau Street junction and the main entrance to Trinity College.

Boasting annual footfall of approximately 25 millionpeople, Grafton Street is home to a host of high street and luxury retailers including Brown Thomas, Hugo Boss, Russell & Bromley, Lululemon, Massimo Dutti, Victoria’s Secret, Marks & Spencer, Boots, Lego, Boodles, Dune, Pandora, Skechers and Canada Goose.

Trinity College, one of Ireland’s top tourist attractions, is situated directly opposite the property.

The area is well served by an array of transport modes including Dublin Bus, DART and Luas (Green Line).