38 Stephens Street Lower, South City Centre, Dublin 2 D02 TT95€1,300,000

Investment Property 141 m² / 1518 ft² For Sale C2

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Description

****FOR SALE BY PRIVATE TREATY - TENANTS NOT AFFECTED****

38 Lower Stephens Street, Dublin 2

This is an opportunity to secure an investment property, centrally located with a long term tenant with excellent covenant (Trading as Stephens Street News). Comprising a retail/commercial building, excellently located on the busy northern side of Lower St Stephen’s Street, located adjacent to the Hairy Lemon bar and between the intersections with Drury Street and South William Street. The subject property is located c. 400m from the busy retail trading areas of Grafton Street and St Stephens Green.

Features

This is one of Dublin’s most vibrant areas with an abundance of amenities within the area including high street shopping, cafés, restaurants, bars, and many of Dublins 5 Star hotels. Getting to the area by public transport could not be easier with numerous Dublin Bus routes servicing the South City area. The St Stephens Green LUAS stop is within 10 minutes’ walk. The new 180 bed Premier Inn Dublin Hotel is opposite the property.

Properties changing hands in this area are rare and such opportunities are sought after due to the strong demand from occupier's and owners alike.

The investment sale is subject to a written lease, and is based on a current passing rent of c. €65,000 PA. The current written lease expires in 2028 (original lease written from Jan 1993).

BER Details

BER: C2

Accommodation

No. 38 Stephens Street Lower, operates under an occupational lease as a newsagent/off licence retail unit (at basement and ground floor). The first floor comprises office space with WC and staff kitchen area.

Viewing Details

Viewing is strictly by appointment with the sole selling agent DNG Commercial Division 01 491 2600 or email commercial@dng.ie