6 Aungier Street, Dublin 2

Keane Thompson introduce this superb mixed used investment opportunity For Sale in a prime location in Dublin City Centre. No. 6 Aungier Street is a three-storey mid-terrace building comprising a high-end ground floor restaurant unit of c.113 sq.m and 2 x one-bedroom apartments of c.56 sq.m each on the upper floors.

The building has a traditional red brick faade with ground floor unit and was completely rebuilt in 2009. The ground floor retail unit underwent significant refurbishments & adjustments carried out by the current tenant in 2017. The restaurant contains customer seating area, stores, WCTM and a fully fitted kitchen to the rear. The upper floor residential units are self-contained spacious one-bed apartments with outdoor patio areas and benefit from separate access to the restaurant.
The ground floor unit is rented to high-end restaurant Uno Mas at e60,000 per annum, 20-year FRI lease from 6/11/2017 and with no break clause. The upper floor apartments were last let at e21,600 per annum each with rolling leases, currently offering vacant possession. Total rental income e103,200 per annum offering 8.6% gross yield with potential for further uplift.

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

Location
6 Aungier Street is situated in the heart of Dublin City CentreTM 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.

Accommodation c.261 sq.m
Please refer to floorplans for room dimensions

Ground floor Restaurant Unit c.113 sq.m

Comprising open plan restaurant area, wcTM, disabled wc, kitchen and rear access.

First Floor Apartment c.56 sq.m

Hallway
Laminate wood floor, cloakroom.

Livingroom / Kitchen
Located to the front, eye and base level kitchen units, plumbed for washing machine, two large sash windows allowing for ample light, laminate wood floor and open plan to living area.

Bathroom
Tiled floor, bath, wc, wash hand basin.

Bedroom
Large double and separate wardrobe area, door to balcony.

Second Floor Apartment c.56 sq.m

Hallway
Laminate wood floor, cloakroom.

Livingroom / Kitchen
Located to the front, eye and base level kitchen units, plumbed for washing machine, two large sash windows allowing for ample light, laminate wood floor and open plan to living area.

Bathroom
Tiled floor, bath, wc, wash hand basin.

Bedroom
Large double and separate wardrobe area, door to balcony.

Features
High-profile mixed use investment opportunity
Fully let with current rent roll '103,200 per annum
Gross yield 8.6%
High end restaurant on ground floor
2 x apartments to be offered with vacant possession
Substantial refurbishment carried out to commercial unit in 2017
Potential to convert both 1-beds to 2 x 2-beds subject to relevant planning permissions
Fire certificate and disability cert available for commercial unit
Completely rebuilt in 2009
Prime City Centre location

Asking Price
1,195,000

BER Details
BER: D1 BER No.800574196
Energy Performance Indicator:860.45 kWh/m/yr