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Lafayette Building Dublin 2 for Sale The BY PRIVATE TREATY (Tenants not affected) Lafayette Building DUBLIN 2 u Iconic Dublin City Centre building predominantly let to Manchester United Plc u Prominent position over- looking O’Connell Bridge, GPO and Dublin Spire u Current passing rent of €625,453 per annum u One of Dublin’s key Luas stops will be positioned on its doorstep in 2017 The Lafayette ...constructed in mid nineteenth century for the Building London and Lancashire Insurance Company. Introduction Description The Lafayette Building is one of Dublin’s best known privately owned structures. The building was originally constructed in the mid nineteenth century for the It comprises a striking six storey building which dominates the city’s streetscape on the London and Lancashire Insurance Company. The Gothic influenced building’s name southern side of O’Connell Bridge at the apex of Westmoreland Street and D’Olier Street. was derived from its occupation by the Lafayette family who operated a renowned Westmoreland Street is one of Dublin’s principal thoroughfares linking the north and photography studio from the building during the late 1890’s. south side shopping districts of Henry Street and Grafton Street. The protected portion (DCC Ref: 8542) of the building incorporates ornate staccato At a functional level the building provides retail/licenced accommodation at basement feature facade mouldings of Portland and limestone. The balance of the building and ground floors with retail and office accommodation at 1st, 2nd and part 3rd floors. which adjoins, and is linked at all levels to the original gothic building, was The remaining upper floors (part 3rd, 4th & 5th) comprise 14 residential units which extensively refurbished in the late 1990’s . In general the building has internally have been individually sold off under long lease and as such don’t form part of undergone extensive alterations over last decade, in particular the ground floor this opportunity. to bring it to its current more commercial configuration. The Lafayette ...city centre location both public and private transport Building links in the area are excellent. Transport Luas / Trinity College Due to the city centre location both public and private transport links in the area are excellent. Trinity Of particular relevance to potential purchasers will be the new Luas “Crosscity” line which will The have a stop immediately outside the building. Lafayette Building Due to the looped nature of the line which is due for completion in 2017 this stop promises to be one of the busiest on the network. It will be the natural Westmoreland disembarkation point for onward travel to the Dart Rail, Busaras Bus Depot and onward to the CBD offices of the IFSC and South Docks. We believe this will change the dynamic of Westmorland Street and will be a key fundamental shift in the buildings RIVER LIFFEY O’Connell Bridge commercial attractiveness to potential occupiers. Accommodation Schedule Tenancies Demise: Area Sq m GIA Area Sq ft GIA Demise: Tenant Lease Details: Passing Rent Basement 596.7 6,423 Basement, Manchester United 25 year lease from 9th August 2000. €520,000 p.a* Ground 385.7 4,152 Ground & Commercial Enterprises Tenant has an option to terminate the First (Ireland) Ltd. First 387.3 4,169 lease on the 9th August 2015 subject to 12 months notice and 9 months Second (NIA) 380.0 4,090 Parent guarantee from Manchester United PLC penalty outgoings. Third (Part) 47.5 512 Second Bracadale Limited 25 year lease from 15th November €105,453 p.a** Third/Fourth/Fifth Apartments (Not part of sale) Floor & Part 2000 with no break options. Total: 1,797.2 19,345 Third All purchasers should satisfy themselves in respect of the buildings floor areas. * Manchester United has sub-let part of the ground floor and the entire basement to a Café Bar & Nightclub to Hostel Life Limited at €155,000 from 2010. ** Bracdale Ltd have sub-leased the entire Demise to the Irish Blood Transfusion Service on similar lease terms with five yearly break options. The sub-lease rent is at a discounted level of €5,098 per annum but provides for an open rent review in November 2015. The Lafayette Building Ulster Bank Trinity College Temple Bar Tara Street Custom House O’Connell Bridge Westmoreland Street Central Bank River Liffey DART Station Talbot Street O’Connell Street Arnotts Car Park Connolly Station Abbey Street The Spire Henry Street ILAC Centre The Lafayette Building DUBLIN 2 Title Pricing Selling Agents We understand the On Application. property is held Freehold. Solicitors Ber LK Shields Solicitors Exempt. 40 Upper Mount Street, Dublin 2. 19/26 Hambleden House, Pembroke Street Lower, Viewings Ray Gilmartin Dublin 2, Ireland. +353 1 637 1535 Viewings are strictly by [email protected] David Carroll appointment through the +353 1 647 7961 sole selling agents. [email protected] Rod Nowlan +353 1 647 7909 [email protected] These particulars are issued by Bannon on the understanding that any negotiations relating to the property are conducted through them. While every care is taken in preparing them, Bannon, for themselves and for the Vendor/lessor whose agents they are, give notice that: (1) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (2) Any representation including description, dimensions, references to condition, permissions or licences 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. (3) Bannon nor any of its employees have any authority to make or give any representation or warranty in relation to the property..
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