5A MONKSTOWN CRESCENT, MONKSTOWN VILLAGE, CO. DUBLIN - For Sale by Private Treaty - Restaurant Investment Tenants not affected

5A MONKSTOWN CRESCENT, MONKSTOWN VILLAGE, CO. DUBLIN
              For Sale by Private Treaty – Restaurant Investment
                              Tenants not affected

Executive Summary                                                         Location

•   High profile suburban restaurant investment                           The property is located on Monkstown Crescent in Monkstown
•   Prominent location in Monkstown Village                               Village, Co. Dublin. Monkstown is a popular south Dublin suburb
                                                                          situated near the coast between Blackrock and Dun Laoghaire.
•   Extending to approximately 183.68 sq m (1,977 sq ft)
                                                                          The surrounding area provides a good mix of residential and
•   Let to Victoria Asian Cuisine on a 35-year lease from July            commercial uses with various shops and restaurants including
    1996                                                                  Seapoint Restaurant, 8A Brasserie, Bresson, Salt and FX Buckley.
•   Passing rent of €52,000 per annum
                                                                          The area is well served by public transport, with several bus routes
•   Guide Price €740,000 (NIY of 6.4% after purchasers’ costs)            and the Salthill & Monkstown DART station in located in close
                                                                          proximity to the property.

                                                                                 The Property

                                  N.B. For identification purposes only                                    N.B. For identification purposes only

                                                 For Sale by Private Treaty
                                 5A MONKSTOWN CRESCENT, MONKSTOWN VILLAGE, CO. DUBLIN

Description

The property comprises a mid-terraced two storey building is use as a
restaurant. The ground floor is laid out as a restaurant with kitchens to
the rear. The first floor is arranged to provide staff rooms and male and
female W/C’s. There is a small enclosed courtyard situated to the front of
the restaurant.

Lease Details

 Lease Details                                             Contracted Rent P.A.
 Head lease dated 18 July 1996 for a period of 35 years €65,000 *
 (expires 2031).

 Assigned to Victoria Asian Cuisine on 13 November 2007.

* Passing rent of €52,000 per annum

Accomodation Schedule
 Floor           Use                   Sq M                    Sq Ft
 Ground          Restaurant            135.43 sq m             1,458 sq ft
 Ground          Kitchen               26.25 sq m              283 sq ft
 First           Staff rooms / W/C’s   22 sq m                 104 sq ft
 Total                                 183.68 sq m             1,977 sq ft

                                                       For Sale by Private Treaty
                                       5A MONKSTOWN CRESCENT, MONKSTOWN VILLAGE, CO. DUBLIN

For Sale by Private Treaty
5A MONKSTOWN CRESCENT, MONKSTOWN VILLAGE, CO. DUBLIN

Title                                                                    QRE Contacts
Long Leasehold
                                                                         Bryan Garry MSCSI MRICS
Guide Price                                                              bryan.garry@qre.ie
€740,000, equating to a Net Initial Yield                                T: + (0) 1 637 5555
of 6.4% (based off the passing rent)
after standard purchasers costs.                                         Jenny Donnelly MRICS MSCSI
                                                                         jeny.donnelly@qre.ie
Viewings                                                                 T: + (0) 1 637 5555
Viewings are strictly by appointment
with the sole selling agent QRE.

BER:

800742975 and 930.32 kWh/m²/yr 1.55

PSRA Registration No. 003587
The agents on their own behalf and on behalf of the vendor/lessor of this property, give notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained
in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither the agents nor any of its members or any person in its employment has
any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are
those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as
to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural
(and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or
occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their
own expense) as to their correctness.