5 Westmoreland ST LOT 4 Prime City Centre Retail Unit with High Footfall NIA of Approximately 110.3 Sq M (1,187 Sq Ft) the Opportuniy

For Sale 5

LOT 3 5 Westmoreland ST LOT 4 Prime city centre retail unit with high footfall NIA of approximately 110.3 sq m (1,187 sq ft) The Opportuniy

l Prime city centre retail unit with high footfall l NIA of approximately 110.3 sq m (1,187 sq ft) l Let to Claddagh Records Limited on a 20 year lease commencing 21 May 2014 5 l Current income of €40,000 per annum. l Mutual break option on 21 May 2016.

Location

5 Westmoreland Street is situated on the western side of the street and directly opposite the Westin Hotel. Neighbouring occupiers include Carroll Gifts, Guinness Store, Spar, Boyle Sports, Supermac’s and KFC. Westmoreland Street is the primary pedestrian route linking the retail hubs of both Grafton Street and O’Connell Street, benefiting from huge numbers of passing customer footfall as they travel to St Stephens Green, Ilac and Jervis Shopping Centre’s. Westmoreland Street adjoins College Green, home to high profile and international fashion retailer Abercrombie & Fitch. Temple bar, Dublin’s tourist destination is located around the corner with numerous cafés, bars and restaurants. The Opportuniy l Prime city centre retail unit with high footfall l NIA of approximately 110.3 sq m (1,187 sq ft) l Let to Claddagh Records Limited on a 20 year lease commencing 21 May 2014 l Current income of €40,000 per annum. l Mutual break option on 21 May 2016.

Description

The prime retail unit benefits from a of shop front of approximately 5 metres wide. The accommodation is divided over ground, mezzanine and lower ground floors, comprising 110.3 sq m (1,187 sq ft) in total. The staircase at the rear of the unit allows easy access to all levels for retail use; presently the mezzanine and lower ground are in use as offices and storage. The retail unit is connected to water mains, with staff washrooms located at the lower ground level. The opportunity is currently open plan in layout and fitout includes electric storage heating, recessed lighting and laminate flooring.

Schedule of Accommodation

Approximate Net Internal Floor Area

sq m sq ft

First Floor Mezzanine 36.9 397

Ground 38.1 410

Lower Ground 35.3 380

Total 110.3 1,187

Tenancy The property is let to Claddagh Records Limited on a 20 year lease commencing 21 May 2014, with a mutual break option on 21 May 2016. The property has a contracted rent of €40,000 per annum. Claddagh Records are a long established traditional Irish music store, relocating from Middle Abbey Street to avail of the tourist footfall. Claddagh Records are a wholesale and retail company providing music products to domestic and international customers. For the avoidance of doubt, please note this is an investment sale and the tenants are not affected. Hugh Lane Gallery

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20-21 Upper Pembroke Street, Dublin 2 St. Stephen’ Tel: 353 1 6342466 Fax: +353 1 6342477 Knightfrank.ie

Disclaimer These particulars are issued by HT Meagher O’Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of these particulars, they do not constitute an offer or contract. All descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only, they are given in good faith and believed to be correct, and any intending purchaser/tenant should not rely on them as statements or representation of fact but 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/lessee shall be liable for any VAT arising on the transaction. Neither HT Meagher O’Reilly trading as Knight Frank or any of their employees have any authority to make or give any representation or warranty in respect of this property. HT Meagher O’Reilly trading as Knight Frank, Registered in Ireland No. 385044, PSR Reg. No. 001266. HT Meagher O’Reilly New Homes Limited trading as Knight Frank, Registered in Ireland No. 428289, PSR Reg. No. 001880. Registered Office - 20-21 Upper Pembroke Street, Dublin 2.