5 Aungier Street, Dublin 2

Keane Thompson introduce this superb mixed used investment and development opportunity For Sale in a prime location in Dublin City Centre. No. 5 Aungier Street is a two-storey mid-terrace building comprising a ground floor retail unit of c.73.7 sq.m with basement of c.45.6 sq.m. On the top floor there is an unfinished proposed one-bedroom apartment of c.59 sq.m.

The building was completely rebuilt in 2009 and comprises a ground floor retail unit with basement and an unfinished upper floor potential one-bedroom apartment with proposed construction of balcony, planning ref: 2158/21. There is also additional planning permission granted for the re-construction of the second-floor level to comprise of a further one-bed apartment and balcony of c.59 sq.m, planning ref: 4123/22. The upper floor benefits from separate access to the ground floor retail unit. The ground floor unit is rented to Mint Nail & Beauty salon at 40,000 per annum, 20-year FRI lease from 01/01/2021, 5-yearly rent reviews and with no break clause. The upper floor apartments if completed would command a high rental income.

This is an excellent and exciting investment opportunity in a prime City Centre location.

Location
5 Aungier Street is situated in the heart of Dublin City Centre’s prime retail and leisure core, occupying a fantastic high-profile location. The unit benefits from high levels of passing pedestrian and vehicular traffic. The surrounding area offers an exceptionally diverse range of retail shops restaurants, and public houses, making it hugely popular with shoppers and retailers alike. Neighbouring occupiers include Hogans, Capitol Lounge, Big Fan, Darwins restaurant, Dublin Business School, and much more. Temple bar, Westmoreland Street and Dame Street are all within a short walking distance. A super property in a prime location.