142 – 143 James Street is Located in the heart of Dublin city, and in close proximity to St James Hospital Campus (which will house the new National Maternity Hospital). The block is also located beside Christchurch, The Four Courts, The Law Library, Heuston Station and The Royal Hospital Kilmainham Castle. Jervis Street and The Ilac Shopping Centres are also within walking distance. This is a City Centre location with many of Ireland leading tourist attractions close by (including The Guinness Store House), and the tourist area of Temple Bar. Trinity College is less than 15 minutes on foot. The area is well serviced by public transport including the LUAS Red Line directly outside the front door.
The block is currently leased to Dublin City Council (DCC) on a ten year lease (commenced 2015). The investment block is producing an annual rental income of c. €110,000. Under the terms of the lease, DCC are responsible for the full repair and upkeep of the property for the duration of the lease. Therefore, the landlord is not liable for any expenditure or management fees for the duration of the lease. Under the terms of the lease, DCC are further obliged to hand the building back in good condition at the end of current lease.
1. Superb central location opposite the St James Hospital Campus (incorporating the new National Maternity Hospital).
2. 10 year lease in place with Dublin City Council (DCC), which commenced in 2015 for a fixed period of 10 years.
3. Dublin City Council are to manage and maintain the investment for the duration of the lease.
4. Passing rent of c. €110,000 per annum.
5. Significant opportunity for long term capital growth.
6. Excellent transport links, literally on the doorstep (including LUAS Red Line services)
The block was constructed circa 1999 and comprises two and a half storey mixed use residential units (over retail units not included in the investment sale). The average floor area of the individual apartments range from 750 sq.ft. (69.6 sq. m) for the two bed apartments up to 900 sq.ft (84 sq. m) for the 3 bed apartments. The block comprises seven apartments (four x two bedroom apartments and three x three bedroom apartments) are being brought to the market in one of Dublin’s most significant areas due to the imminent development of the new ‘National Maternity Hospital’.
By car distance from O'Connell Street - 3.0 km. Travel via R148 and R810. Take O'Connell Street Lower to Abbey Street Middle. Proceed north on O'Connell Bridge toward Bachelors Walk/R105/R148. Continue onto O'Connell Street Lower. Continue on Abbey Street Middle. Take Strand Street Great to Grattan Bridge. Turn left onto Abbey Street Middle. Abbey Street Middle turns left and becomes Liffey Street Lower. Turn right onto Strand Street Great. Take R148 to Bridgefoot St/R804. Turn left onto Grattan Bridge and then turn right onto Essex Quay/R148. Continue to follow R148 for 900 m. Turn left onto Bridgefoot St/R804 for 350 m. Turn right onto Thomas St W/R810. Continue to follow R810 for 850m until you reach Jame's Street.
Contact DNG advisory Team
Gareth Noone & Eddie Moran
+353 1 491 2675 firstname.lastname@example.org
+353 1 491 2654 email@example.com