Investments
Ref 210930

The Wild Duck

17-20 Sucamore Street
Dublin, D02 FX33

Available on request
Size14.585 ft² / 1.355 m²

Summary

Superb opportunity to acquire extensive high-profile Theatre bar/restaurant/entertainment venue together with 8 well-appointed apartments

  • Prime tradinglocation in the heart of Temple Bar.
  • Mainly four storey over basement period building, with a total floor area of c.1,355 sq m / 14,588 sq ft.
  • Mixed use asset comprising vacant theatre bar / restaurant / entertainment venue and eight residential units
  • Tremendous opportunity to generate high volume hospitality business supplemented with valuable rental income.
  • Eight well-appointed apartments.
  • Apartments range in size from c. 61 sq m / 657 sq ft to c.107 sq m / 1,153 sq ft.
  • High demand location for residential accommodation.
  • Passing rent roll of approximately €202,740 p.a. for residential units.
  • Excellent business opportunity

Description

The Wild Duck, theatre bar and venue, along with the eight overhead apartments, are situated within a mainly four storey over basement period building, which dates back to c.1850, and was a former warehouse of the notable Bewley family, tea and coffee merchants.

The property has many notable features and oozes charm and character from its brown brick exterior, cut granite sills and exposed timber beams to the upper floors.

The property extends in total to approximately 1,355 sq m / 14,588 sq ft and comprises No’s. 17,18 & 19 SycamoreStreet, which are four storey over basement, together with an adjoining property at No. 20 Sycamore Street, which is three storey over basement.

The theatre bar and venue accommodation briefly comprises a ground floor bar, entertainment venue and catering kitchen with a first-floor lounge / private party area. In the basement there are customer toilets and extensive keg and storage areas. The site is irregular in shape with a rear fire escape to a laneway leading to Dame Street. To the front of the property there is a smoking area providing access to the premises.

The property enjoys extensive street frontage to Sycamore Street and has been completely refurbished to a high standard by the present owner to provide excellent hospitality and residential accommodation. The theatre bar and venue premises is currently vacant and ready for immediate occupation, offering significant business and value-add potential.

The upper floors of the property are in residential use, comprising of eight refurbished and individually appointed apartments which range in size from c.61 sq m / 657 sq ft to c.107 sq m / 1,154 sq ft. The apartment mix comprises one and two-bedroom units, some of which are duplexes with period details such as exposed timber beams. Seven of the eight apartments are currently tenanted.

Location and Transport

The Wild Duck, theatre bar & venue, occupies a prime trading position, situated on Sycamore Street, just off Dame Street, in the heart of Temple Bar, Dublin 2. Boasting an array of theatres, art galleries and cultural centres, Temple Bar is Dublin’s main entertainment and cultural hub, renowned for its vibrant atmosphere, cobbled streets, and historic buildings.

The stagedoor to the Olympia Theatre is directly opposite the property while the Smock Alley Theatre, one of Europe’s oldest built theatres, is close by.

Temple Bar is also well regarded for its busy nightlife scene with its many restaurants, cafes and bars and is a tourist hotspot, attracting approximately 3.5 million visits per year. The Wild Duck is well positioned to benefit from all the local andtourist activity which takes place in the area.

The property is within close proximity to both the Grafton Street and Henry Street retail precincts and is surrounded by a host of tourist attractions which attract strong footfall to the area including Dublin Castle, Trinity College, Guinness Storehouse, Christ Church Cathedral and St Patrick’s Cathedral.The location is well-served by an extensive public transport network, with the LUAS Green Line (Trinity) and LUAS Red Line(Jervis) just a few minutes’ walk away. Several Dublin bus routes operate along Dame Street while the closest DART station is at Tara Street.