UNIT 5 MELLOR COURT 19 LR. LIFFEY STREET DUBLIN 1 Prime Retail Investment Opportunity FOR SALE BY BEST BIDS TUESDAY 11th NOVEMBER 2014 High profile, city centre retail investment Contracted income - €50,000 p.a. Current income - €42,000 p.a. Extending to c. 42 m2 (452 ft2 ) TENANT NOT AFFECTED LOCATION TENANCY BER RATING The property is located on Lower Liffey Street, in close proximity to its junction with Middle Abbey Street. The property is let to Iain Conway t/a Kokoro Sushi Bento on a 30 year lease from 1st December 1995 at a contracted rent of €50,000 p.a. abated to €42,000 until 1st December 2015. BER No: 800327397 EPI: 2025.04 kWh/m2/yr Liffey Street comprises a traditional retail thoroughfare, located in the heart of the city centre providing a direct pedestrian link to the main shopping quarters of the north city to Grafton Street and the south city via the Ha’penny Bridge. Significant retail occupiers in the immediate area include Arnotts Department Store, Debenhams and Marks & Spencer. The Jervis and Ilac Shopping Centres are also located in close proximity to the property. The rent review is upwards only. The next scheduled rent review is in December 2015. SALES PROCEDURE The tenant specialises in the sale of Japanese food goods, predominantly wrapped and packed sushi. “Best Bids” should be submitted by 12 noon on Tuesday 11th November 2014 to the office of Quinn Agnew, 20 Clanwilliam Square, Grand Canal Quay, Dublin 2, clearly marked “Liffey Street”. * This is a property investment sale and the tenant is not affected. SOLICITORS The property is also well serviced by public transport links including the Luas Red Line and Dublin Bus. ACCOMMODATION DESCRIPTION The approximate gross internal floor areas are as follows: The property forms part of a modern mixed-use development comprising commercial units on the ground floor and apartments on the upper floors. Ground Floor: Maguire McErlean 78 - 80 Upper Drumcondra Road Drumcondra Dublin 9 Ref. Gerry McErlean T: +353 (1) 836 0621 E: [email protected] 42.0 m2 (452 ft2 ) The subject property comprises of a mid-terraced, ground floor retail lockup unit. OPPORTUNITY All intending purchasers are specifically advised to verify the floor areas and undertake their own due diligence. Rare opportunity to acquire a prime retail investment in the heart of the city centre while also allowing investors to capitalise from the Capital Gains Tax exemption provision prior to December 2014. TITLE We understand that the property has a freehold or equivalent title. 20 Clanwilliam Square, Grand Canal Quay, Dublin 2 T: 01 662 3113 E: [email protected] W: www.quinnagnew.ie PSP Licence: 002409 The terms set out herein are by way of partial summary. Intending purchasers or lessees should obtain a copy of the Particulars and Conditions of the Sale where the matters are dealt with comprehensively. Particulars and Conditions of Sale are available from the Agents and the solicitors with carriage of sale. Quinn Agnew act for the vendors and/or lessees of this property whose Agents they are, hereby give notice that, (1) The particulars are set out in this Brochure and Schedule as a general outline for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract. (2) All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No person in the employment of Quinn Agnew has any authority to make or give any representation or warranty whatsoever in relation to this property. (4) All prices quoted are exclusive of VAT.