Aoife Murray

Location

The properties are located in one of Dublin’s most sought after rental locations at the junction of Harrington Street and Camden Street, just a 10 minute walk from St Stephens Green and Grafton Street. The immediate area on Camden Street and Harcourt Street provides for an array of bars, restaurants and Cafes including Brother Hubbard’s, Café Sol, Camden Exchange, Sophie’s and D Two to name just a few. The surrounding area is home to many established businesses including EY, Investec, WeWork and Amazon’s new 170,000 sq. ft. office block on Charlemont Street. A host of colleges are also within walking distance including Griffith College, Dublin Business School on Aungier Street and Trinity College. The area is well served by a host of public transport facilities including the LUAS Green line at Chalemont Place and Harcourt Street, The DART at Pearse Street, Dublin Bikes and numerous Dublin Bus routes.

Description

No. 2 and no. 3 Harrington Street comprise two three storey over basement mid-terraced period buildings. The front of the buildings have traditional brick façade and sliding sash windows. The buildings have been extended to the rear at ground and first floor level and provide pedestrian access on to Synge Place. There is a small enclosed yard to the rear of each building, used for bin and bicycle storage. 

The ground floor retail unit is located in a prime pitch on the corner of Thomas Street and Meath Street. This is a busy central location in the heart of Dublin City Centre benefiting from a high volume of passing traffic and strong footfall. 

Public transport links are excellent, the main line rail and Red Luas are accessible at Heuston Station. The Luas Red Line at Smithfield, Green Line at St Stephen's Green and numerous Dublin Bus routes also serve the immediate area.

Dublin 8 is a vibrant quarter that is undergoing major regeneration at present including the planned development at Guinness’s St James's Gate brewery site and Oakmount's new office and Leisure development located nearby to name just a few.

Description

The property comprises a ground floor retail unit with dual frontage onto both Thomas Street and Meath Street. The unit provides for open plan retail space  to the front with storage, kitchenette and toilet facilities to the rear. The unit is in excellent condition and includes carpeted floors, suspended ceiling tiles and air conditioning throughout.

Tenancy Information

Let to Ladbroke (Ireland) Limited by way of a 10-year Internal Repairing and Insuring lease from the 31st January 2013 at an initial rent of €28,000 per annum. A Deed of Variation was subsequently agreed on the 1st July 2015 and the rent was revised to €21,000 per annum to lease expiry.

The property is located on approx. 4.9 acres and comprises a large detached light industrial building with two storey office accommodation to the front and a substantial warehouse to the rear where the brewery is located. The entire extends to approximately 61,000 sq ft. The industrial unit is well built, being of steel portal frame construction, with concrete block walls and profiled metal cladding under a twin skin metal deck roof.

Rye River Co. operate their state of the art brewery from the premises and occupy the ground floor offices and warehouse by way of a 8 year 3 months lease from October 2019, at a rent of €176,000 per annum. A rental uplift at year 6 has been agreed at €200,000 and the tenant has the benefit of a break option at the end of year 7, subject to 6 months prior written notice. 

VWS (Ireland) t/a Veolia Water Technologies occupy the offices on the first floor and a small section of the warehouse by way of a 10 year lease from January 2018, at a rent of €84,000 per annum. The lease provides for 5 yearly rent reviews and the tenant has the benefit of a break option at the end of year 5 and 7, subject to 6 months prior written notice.

Ground floor Aldi store extending to c. 17,046 sq ft within a larger multi-storey building within the Castle Square development, Carrigtwohill Co. Cork.