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16 Clare Street, Dublin 2

16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2
16 Clare Street, Dublin 2

16 Clare Street, Dublin 2


Price
€1,795,000

Type
Commercial

Status
For Sale

Size
298 sq.m.

Description

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Keane Thompson introduce this Landmark building For Sale. This magnificent four storey over basement property, previously the famous & oldest bookstore in Dublin; Greene’s Bookshop, comprises of basement storage, ground floor & first floor retail, second floor offices and a top floor one-bedroom apartment. 16 Clare Street balances old style charm of Georgian Dublin with a modern and professional work place yet still boasts many original period features throughout including high ceilings, sash windows, stunning marble fireplaces and sweeping staircases.

The ground floor retail unit is currently let to high-end garden retailer Howbert & Mays at 60,000 per annum, 15-year FRI lease from 2020, 5 yearly rent reviews and no break clause. The basement is currently vacant and would expect to command in the region of 10,000 per annum. Two of the three upper floor offices are currently let on short-term leases with one expired; at 7,800 per annum and 7,200 per annum respectively. The third office which is the largest office located to the front is vacant with an expected potential rent of 15,000 per annum. The upper floor one-bedroom apartment occupies most of the entire of the top floor with a current rent roll of 23,868 per annum and RPZ rent review due since August 2023. Current rent roll 98,868 per annum. Potential uplift bringing rent roll up to and in the region of 125,000 per annum.

This is a truly extraordinary landmark building reminiscent of the grandeur of Georgian Dublin and will appeal to discerning investors seeking a prestigious addition to their property portfolio.

Accommodation:
Basement/Storage: 55 sq.m
Ground/Retail: 55 sq.m
First/Retail: 55 sq.m
Second/Office: 66 sq.m
Third/Residential: 66 sq.m

Location
Clare Street enjoys an excellent City Centre location to the South of Merrion Square in the heart of Dublin’s business and tourist district and is minutes from Government buildings and St. Stephen’s Green. It is easily accessible by both public and private transport. Pearse Street DART Station is less than a 5-minute walk away while the St Stephen’s Green LUAS stop is just a 10-minute walk away. This location is convenient to a host of local amenities including hotels, restaurants, bars, banks and cafs. Occupiers can enjoy a stroll through the public park on Merrion Square. Other notable occupiers in the immediate vicinity include the National Gallery of Ireland, Dil ireann, American College Dublin and The Merrion Hotel. Numerous Dublin Bus routes also serve the location. This is a prime CBD location, and a host of well-known and high-profile office occupiers are located nearby including Slack technologies, Artur Cox, and World Rugby. LinkedIn’s new European Headquarters at Wilton Terrace is also located close by which will further transform the immediate area into a commercial tech hub.