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, WC’s 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 65,500 per annum, 20-year FRI lease from 6/11/2017 and with no break clause. The upper floor apartments are let at 21,600 per annum each with rolling leases. Total rental income 108,700 per annum offering 7% 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 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.