47 Nassau Street, Dublin 2

47 Nassau Street, Dublin 2

  • Located in Tourist heart of Dublin South City Centre
  • Prime location only 2 Shops from Grafton Street and opposite Trinity College
  • FRI Lease in personal names of Directors of Porterhouse
  • Tenant also occupies adjoining building for further 57 years
  • Benefits from existing restaurant / take-away use

47 Nassau Street, Dublin 2

Description

Terraced four storey over basement period building with a total floor area of 171.9 sq m (1,850 sq ft).

The basement is in retail use, ground floor in restaurant/take-away use with the first to third floors in office use.

The office and basement retail elements benefit from separate independent access to the ground floor sandwich shop.

Price On Application

Viewing strictly by appointment.

Accomodation

The net internal floor areas, as agreed at the 2005 rent review, are as follows:


FloorSq.m.Sq.ft.
Basement (Retail)30.43327
Ground (Retail)33.67362
First Floor (Offices)36.29391
Second Floor (Offices)35.30380
Third Floor (Offices)36.23390
Total (Net Internal Area)171.91,850

47 Nassau Street, Dublin 2

Title

We understand the property is held Freehold.

Covenant

Lease on entire in the personal names of the owners of the The Porterhouse Brewing Company, namely Frank Ennis, Oliver Hughes, Liam Lahart and David Morrissey t/a The Porterhouse Brewing Company.

This tenant also occupies the adjoining Porterhouse and Lillies night club for a further 57 years.

Tenancy Details

35 year Full Repairing and Insuring lease from 1st November 1980 (expiring in just under 4 years). The passing rent on the entire building is €100,000

Sub-let in place to basement tenant under a co-terminus lease to well known independent music store, The Sound Cellar.

The 2010 rent review remains outstanding.

47 Nassau Street, Dublin 2

Planning

Zoned Z5 under the Dublin City Development Plan 2011 – 2017.

The property is not listed as a protected structure and benefits from existing restaurant / take-away use which is proving increasingly difficult to secure from Dublin City Council in the locality.

47 Nassau Street, Dublin 2

Location

Prime City Centre location two shops from Grafton Street and opposite Trinity College.

Nassau Street is a key Tourist Destination with strong foot fall, pedestrian and vehicular traffic.

The locality plays host to numerous well known retail, service and tourism orientated occupiers include Oasis, College House Jewellers, Porterhouse, Insomnia Coffee, and Design Yard.