Investments
Ref 207162

78/79 Grafton Street

South City Centre
Dublin, D02 K033

For sale€15,800,000
Size19,581 ft² / 1,819 m² (approx. 180 desks)

Summary

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

  • Four storey over basement building extending to approximately 1,819 sq m (19,581 sq ft).
  • Fully let to Bewley’s, Ireland’s leading coffee & tea company on effective FRI lease terms.
  • Passing rent of €1,464,000 p.a per expired lease.
  • BER Exempt.
  • Guide Price: Excess €15.8 million (subject to contract and exclusive of VAT) reflecting a net initial yield of approx. 8.42%, assuming standard purchaser costs of 9.96%.

Description

78/79 Grafton Street comprises a landmark four storey over basement property extending to
approximately 1,819 sq. m (19,581 sq. ft) NIA.

The iconic property is finished with a double height Egyptian Revival mosaic pylon-style shopfront
together with rendered walls to the upper floors. The shop front provides approximately 10.7m of
frontage on to Grafton Street.

Primary access is provided via Grafton Steet with secondary access provided via Johnson’s Court
and rear access via Swan Yard at basement level.

The property is laid out to provide café / restaurant facilities at ground, mezzanine and first floors,
a theatre at second floor, WC and staff facilities on the third floor, office and storage space on the
fourth floor and commercial kitchen / ancillary / storage facilities at basement level.

The accommodation is accessible by several staircases throughout the building. In addition, there is
a 10- person lift serving basement to third floors.

Building Energy Rating

Building Energy Rating C1-D2

Location and Transport

78 - 79 Grafton Street commands a prominent position on Grafton Street, Dublin’s premier shopping street.
The property is perfectly situated in the centre of Grafton Street on its western side.

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

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