70 Grafton Street
South City Centre
Dublin, D02 AP68
€11,200,000
- Space Available
9,391 ft² / 872 m² (approx. 87 desks)
Max Reilly
Senior Director - Capital Markets
Brian Shields
Senior Director - Investment
Sandra Walsh
Associate - Capital Markets
- Summary
- Energy rating
- Location
- Brochures
- Agents
Summary
Prime retail and aparthotel investment opportunity situated on Ireland’s premier shopping street.
- 70 Grafton Street benefits from dual frontage onto Grafton Street and Harry Street
- Extends to 872.5 sq m (9,391 sq ft) over four storeys and basement.
- Fully let to high quality tenants Permanent TSB PLC, City Break Apartments Ltd. and Vantage Towers (Mast).
- WAULT of 14.5+ years.
- Total rent receivable €647,343 pa.
- BER C1/D2.
- Guide price: Excess €11.2 million (subject to contract and exclusive of VAT) reflecting a net initial yield of approx. 5.25%, assuming standard purchaser costs of 9.96%.
Description
70 Grafton Street comprises the freehold interest of a four story over basement mixed use property
extending to approximately 872.5 sq m (9,391 sq ft).
The property is arranged to provide bank accommodation on basement, ground, mezzanine and
first floor levels, with an aparthotel, at ground, second, third and fourth floor levels.
The building is of traditional construction; finished with a part glazed / part stone façade at ground floor level with red brick façade at upper floor levels. Dual pedestrian access is provided directly off Grafton Street and Harry Street for the bank accommodation and access to the aparthotel is from Harry Street.
Internally, the bank element is fitted out as retail accommodation at ground floor level, storage and
staff facilities at basement level, office at mezzanine level and retail/office accommodation on the
first floor level.
There is a single passenger lift serving ground, first and basement floors.
The aparthotel is arranged to provide 17 studios, all fitted to hotel standard with the added benefit
of fitted kitchens. Access to the upper floors is via a core stairwell and one 6 person passenger lift.
We understand that the building is not a protected structur
Energy rating
Location
Boasting annual footfall of approximately 25 million people, Grafton Street is Ireland’s premier retail street and 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 nodes including Dublin Bus, the DART and the Luas (green line).
Agents
Max Reilly
Senior Director - Capital Markets
Brian Shields
Senior Director - Investment
Sandra Walsh
Associate - Capital Markets