AUNGIER STREET Dublin 2 - Mixed Use Investment Opportunity in the heart of Dublin 2 - PropertyLocator.ie
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AUNGIER STREET
Dublin 2
Mixed Use Investment Opportunity
in the heart of Dublin 2
The location is one of the city’s most vibrant,
with every conceivable amenity and service the
city centre has to offer on its door step, from
restaurants, cafés, shops, offices to universities,
theatres, museums, parks and hotels.
INVESTMENT
SUMMARY
• Superb Mixed Use Investment Opportunity in the heart
of Dublin 2.
• Comprises a newly fitted restaurant at ground floor level
and 6 x 1 bed apartments overhead with independent
access.
• The restaurant is let producing rent of €50,000 per
annum on a 35 FRI year lease from 11th July 2005.
• The Residential units are producing an annual income
of €77,820* with an estimated open market rental
value in the order of €93,600 per annum.
• The asset’s location, in one the most central and
vibrant areas in the city, provides unrivalled access
to every conceivable amenity the Capital has to offer
and delivers unquestionable long term secure letting
viability to a landlord.
*Assumes ERV for vacant units - See Tenancy Schedule
AUNGIER STREET
Dublin 2
ET
Broadstone
RE
T
EE
ST
R
ST
ET
L
EL
RS
RN
PA
DO
The immediate surrounds have also
witnessed strong levels of new and
pipeline redevelopment to include a
Dominick O’Connell
Upper new majorDocklands
supermarket, modern student
accommodation, new concept restaurants
ST
Marlborough
and several hotel developments
LL
NNE
O’CO
ST L
CAPE
O’Connell
GPO
LOCATION Tara
Street
NEIGHBOURING OCCUPIERS
1 Dublin Business School
2 Dunnes Stores Head Office
3 BDO Ireland
Westmoreland 4 KPMG Ireland
5 Trinity College
Superbly located in the heart of Dublin City, Trinity 6 The Royal College of Surgeons
No. 16 occupies a prime location on the RETAIL/SHOPPING
Northern side of Aungier Street, close to its 21 7 St. Stephens Green Shopping Centre
GR A 8 Grafton Street
junction with South Great George’s Street. 22
T 5
ND C
ANA 9 George’s Street Arcade
STREE L
The location is one of the city’s most vibrant, DAME
19 31
28
ST LO
WER
10 Powerscourt Town House
with every conceivable amenity and service 25
15 27
Pearse SOCIAL
ER
11 Bow Lane
the city centre has to offer on its door step,
LOW
9 12 Hogan’s (Kelly’s Hotel)
18 10
from restaurants, cafés, shops, offices to 13 l’Gueuleton Restaurant
R ST
2 12 14 Fade Street Social
universities, theatres, museums, parks 30 Dawson 15 The George
T
32 8
CE
13 14
STREE
16 Capitol Lounge
and hotels. Notable immediate occupiers
MER
29 23 17 P. Macs
NE
BRIDE STREET
A 17
include The Bald Barista, The Thomas NL 18 NoLita
GO L D E
K
1 19 777
PATRIC
R
REET
MO
PE
Moore, Georges Street Arcade, Lidl, BDO, 16
24 UN 20 Opium
UP
3 TS 21 Temple Bar
Dunnes Stores Head Office, The Marlin 7
IER ST
41 TL
ET
11 22 The Olympia
40 34 OW
RE
33 26 ER 23 The National Gallery
Hotel, The Long Hall, The Royal College of Grand Canal Dock
ST
24 The National History Museum
AUNG
6 35
ER
25 Dublin Castle
Surgeons and many more. R110
N
38 St Stephen’s
IO
OW
KE V
RR
IN S Green CAR PARKING
36
TL
The immediate surrounds have also witnessed
ME
TRE
TH
NS
E T LO 26 Q Park St. Stephens Green
39
U
strong levels of new and pipeline redevelopment to WE BA 27 Drury Street Car Park
RIO
ST SO
ST
R GG MO
include a new major supermarket, modern student R110 28 Trinity Street Car Park
EA
OT UN NUE
BATH AVE
R
ST
ME
TS
ST
accommodation, new concept restaurants and several ST RE TU HOTELS
4 ET
N EW
37 STE
S
hotel developments. Both the nearby DIT Aungier PH PP
ME
20 EN ER 29 Radisson Blu Royal Hotel Dublin
’S
JA
Street and DIT Kevin Street third level college campuses GR E
EN
30 The Premier Inn (under construction)
31 The Central Hotel
are also earmarked for major redevelopment in the 32 The Westbury
coming years. 33 The Marlin Hotel
AD 34 The Fitzwilliam Hotel Dublin
RO Aviva
The property benefits from ease of access to all of Dublin ON 35 The Shelbourne Hotel Stadium
I NGT 36 The Merrion
City’s public transport links. DART, Luas Light Rail and ER DD
OW HA
Dublin Bus services all allow convenient transport across STL NEARBY FUTURE DEVELOPMENTS
H
Dublin City and its surrounding suburbs. The property is HATCH ST UP TC
PER HA 37 DIT Kevin Street Campus
38 DIT Aungier Street Campus Lansdowne R
situated approximately 5km from the M50 at the North Harcourt
Dock, providing access across Dublin City and onwards AD PARKS
IL RO
to Ireland’s arterial motorway network. SP 39 St. Stephens Green
ADELAIDE
ROAD ME PEMB 40 St. Patrick’s Cathedral
ULAR ROAD ROKE
SOUTH CIRC ROAD 41 Merrion Square
Dublin Bikes Station
Charlemont
AUNGIER STREET
AD
Dublin 2
CANAL RO
GROVE ROAD
Ground
Ground
Floor
Floor First
First
Floor
Floor
Cold Cold
RoomRoom
StoreStore
Plant Plant RoomRoom
WC WC WC WC 5.63m5.63m
x 2.10mx 2.10m
Kitchen
Kitchen
Area Area
8.62m8.62m
x 5.32m
x 5.32m
WC WC
Bedroom
Bedroom
2.15m x2.15m
2.91m
x 2.91m
Shower
Shower Second
Second
Floor
Floor Third
Third
Floor
Floor
RoomRoom
Bedroom
Bedroom Bedroom
Bedroom
2.56m2.56m
x 2.25m
x 2.25m 2.75m x2.75m
1.92mx 1.92m
DESCRIPTION Unit Unit
1B 1B
5.65m5.65m
x 4.59m
x 4.59m Unit Unit
2B 2B
TENANCY SCHEDULE
Bathroom
Bathroom
Unit Unit
3B 3B
5.31m 5.31m
x 2.91m
x 2.91m 5.61m 5.61m
x 3.10mx 3.10m Bathroom
Bathroom
No. 16 Aungier Street comprises a three storey over
Unit Lease Start Term Rent Review Rental Income
ground floor level mid-terraced property finished Bathroom
Bathroom
with a wooden
Ground Floor shop front at groundFirstfloor Floor
level and a Bathroom
Bathroom
Restaurant Boazi Ltd. t/a Big Fan 11/7/2005 35 Years Every 5 years €50,000
Restaurant
Restaurant
traditional red brick façade to the upper floors. 14.11m 14.11m
x 5.47mx 5.47m Bathroom
Bathroom
Hall Hall Apartment 1A Private Tenant 21/10/2020 12 Months Annual €14,160
At ground floor level, the property comprises a
Unit UnitApartment 1B VacantUnit - - - €16,200*
newly refurbished restaurant with
Cold
fully fitted kitchen Unit Unit
1A 1A 2A 2A
3A
Unit
3A
5.80m5.80m
x 4.00m
x 4.00m
extending to approx. 99.17 sq. m. (1,067.51 sq. ft.), with
Room 5.75m 5.75m
x 3.97m
x 3.97m
Apartment
4.36m2A
Bedroom
Bedroom
4.36m
x 3.34m
x 3.34m Private Tenant
5.50m5.50m
x 3.88m
x 3.88m Bedroom
Bedroom
3.96m3.96m
x 2.79m
x 2.79m 25/08/2020 12 Months Annual €12,840
Bedroom
Bedroom
a further 25.85 sq. m. (278.27 sq. ft.) of storage spaceStore 4.29m4.29m
x 2.78m
x 2.78m
WC
at mezzanine level.
WC
Plant Room
5.63m x 2.10m
Apartment 2B Private Tenant 30/10/2019 12 Months Annual €11,700
The upperArea
Kitchen
floor levels are arranged to provide six Apartment 3A Private Tenant 12/02/2014 12 Months Annual €10,872
8.62m x 5.32m
x 1-bedroom self-contained residential units with Apartment 3B Private Tenant 28/11/2016 12 Months Annual €12,048
WC
gas-fired central heating and uPVC double glazed
windows.
Bedroom
2.15m x 2.91m
Total €127,820*
*Assumes ERV for Apartment 1B @ €1,350pm
Second Floor Third Floor
INDICATIVE FLOOR AREAS Shower
Room
Approx. Approx.
Unit sq m sq ft Bedroom
2.56m x 2.25m
Bedroom
2.75m x 1.92m TENANT PROFILE
Restaurant 99.17 1,067
Unit
1B
Restaurant Store 25.85
5.65m x 4.59m 278 Unit Unit
2B
5.31m x 2.91m
Bathroom 3B
5.61m x 3.10m Bathroom
Big Fan is an authentic Chinese/Asian Street Food
Apartment 1A 38.86 418 offering, specialising in dishes predominantly from
Apartment 1B 34.88 375 Northern China. The venture is backed and directly
managed by an experienced operational team who
Apartment 2A 38.86 418
Bathroom
Bathroom
have been involved in another long established
Restaurant restaurant brand in Dublin. The restaurant has also
Apartment 2B
14.11m x 5.47m 26.68 287 Bathroom
Hall benefited from a fresh and stylish new interior fit out.
Apartment 3A 39.44 425
Unit Unit
2A Unit
1A 3A
Apartment 3B 26.68
5.75m x 3.97m 287 5.80m x 4.00m
Bedroom 5.50m x 3.88m Bedroom
4.36m x 3.34m 3.96m x 2.79m
Bedroom
Total 330.42 3,555
4.29m x 2.78m
AUNGIER STREET
Dublin 2
FURTHER DETAILS
TITLE CONTACT
We understand the property is held on 999 year
lease from 25th March 1799.
DATA-SITE
www.16aungierstreet.com 20-21 Upper Pembroke Street
Dublin 2
VIEWINGS T: +353 1 634 2466
Strictly by appointment with Knight Frank. knightfrank.ie
ROSS FOGARTY
E: ross.fogarty@ie.knightfrank.com
ANDREW COLFER
E: andrew.colfer@ie.knightfrank.com
These particulars are issued by HT Meagher O’Reilly Limited trading as Knight Frank on the understanding that all the negotiations are conducted through them.
These particulars do not constitute, nor constitute any part of an offer or contract. All statements, descriptions, dimensions, references to condition, permissions or
licenses of use or occupation, access and other details are for guidance only and are made without responsibility on the part of HT Meagher O’Reilly Limited trading as
Knight Frank or the vendor/landlord. None of the statements contained in these particulars, as to the property are to be relied upon as statements or representations
of fact and any intending purchaser/tenant should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive
of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/tenant shall be liable for any VAT arising on the transaction. The
vendor/landlord do not make or give, and neither HT Meagher O’Reilly Limited trading as Knight Frank or any of their employees has any authority to make or give any
representation or warranty whatsoever in respect of this property. Knight Frank is a registered business name of HT Meagher O’Reilly Limited. Company licence Reg.
No. 385044. PSR Reg. No. 001266. Designed and produced by Creativeworld Tel: +353 1 447 0553.
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