DNG Advisory are offering for sale by Private Treaty (tenants unaffected) this investment opportunity located at 13 Baggot Street Lower, Dublin 2.
This Georgian house includes c. 291 sqm of mixed use commercial space which is spread over three floors along with a basement and annex/return. The property has two long term commercial tenants. The ground floor is currently occupied by the EBS while the upper floor is occupied by a professional services company. Both tenants have been in occupation long term. The property is being sold with the benefit of a rent review which is currently due. The combined current passing rent is c. €90,000 PA.
Under the Dublin City Council Development Plan (2016 -2022), the property is zoned Objective Z8: “To protect the existing architectural and civic design character, and to allow only for limited expansion consistent with the conservation objective.”
The property is presented in excellent condition throughout and has been maintained to a very high standard, with the majority of the original period features intact including ornate tile facades, sash windows, and internal high ceilings, along with other original features throughout. This property could be used for a variety of purposes including a mix of commercial and residential.
The surrounding area is predominantly office use with a number of Georgian houses converted back to residential use. International 5 star hotels located nearby include The Conrad Hotel, The Shelbourne Hotel, The Westbury Hotel and The Merrion Hotel. The majority of the states Government buildings are within a 5 minute walk of the subject property.
Located a short distance from Grafton Street, Stephens Green, Merrion Square and within 10 minutes walk of Grand Canal Square. Transport links to the area are excellent with regular buses and just a few minutes walk to both the Green Line Luas and Pearse Street train station. This area of Dublin has so much to offer, with high quality restaurants, pubs, museums, art galleries all within a few minutes walk.
The busy thoroughfare of Baggot Street Lower is within a 2 minute walk from St Stephens Green, the business district of Fitzwilliam and Merrion Square. The immediate area offers an array of food and beverage amenities famous Pubs such as Toners and Donaghy & Nesbit's,. Local Eateries include Chopped, FX Buckley’s, O ’Donoghues, Lolley & Cooks, Bear Market Café, Coffee Angel and Cirrillos.
By appointment only with the sole selling agent DNG Advisory