Outline for the purpose of identification only
Savills 33 Molesworth Street No. 1 Hanover Quay, Grand Canal, Dublin 2 Dublin 2 D02 CP04 (HQ Gastro Bar & Nutbutter not Affected) +353 1 618 1300 savills.ie LANDMARK LICENSED GASTRO BAR & RESTAURANT PROPERTY FOR SALE BY PRIVATE TREATY ON A SALE & LEASEBACK BASIS PSRA License: 002233 SALE & LEASEBACK – No. 1 Hanover Quay Grand Canal Dublin 2
The Opportunity
A rare opportunity to acquire a substantial split level trading licensed bar restaurant building on a ‘Sale & Leaseback’ basis situated at No. 1 Hanover Quay, Grand Canal, Dublin 2.
The Location
Hanover Quay and the Grand Canal district is the among the most coveted commercial locations in Ireland for investors and commercial occupiers alike.
A testament to the areas commercial appeal is underpinned by the variety of global companies based in the vicinity, coupled with its thriving year-round tourist and business visitor market serviced by the Dublin Convention Centre located nearby.
No. 1 Hanover Quay also has some impressive neighbours including HSBC, Airbnb, Trip Advisor, Accenture, Facebook and Twitter together with a host of leading Irish and international legal and financial firms located within immediate proximity.
The property occupies a landmark corner location on Hanover Quay and enjoys unobstructed views of Grand Canal Dock to the front, while immediately adjacent to the Marker Hotel and the Bord Gais Energy Theatre, which alone attracts total audiences of over half a million per year.
The areas appeal will be further enhanced with the proposed U2 Museum situated nearby which is expected to attract 360,000 visitors annually
Consequently, Hanover Quay has also developed not just into a highly regarded and renowned commercial hub for some of the world’s leading companies, but also as a hugely popular social, leisure and entertainment district for the areas working professionals, residents and visitors. SALE & LEASEBACK – No. 1 Hanover Quay Grand Canal Dublin 2
Property Overview
No. 1 Hanover Quay is laid out over 2 trading levels.
The renowned HQ Gastro Bar occupies part ground floor and the lower ground floor offering a magnificent open plan dining space with feature wrap around glazing overlooking Grand Canal Dock and feature outdoor terrace.
The remainder of the ground floor accommodates HQ’s sister brand the hugely popular and multi-award winning Nutbutter
Descend the suspended feature staircase and enter an exquisite casual dining/ lounge area which caters for a more informal dining experience, group bookings and events, to kitchen/ servery, store rooms and office. The lower level also provides for patron and disabled w.c and passenger lift serving both levels
Location Calibre
Home to some of the world’s leading tech, social media, financial and legal companies
Opposite to Googles owner occupied European headquarters
Affluent Irish and international ABC1 demographic working and residing in the Docklands district
Situated close to Dublin Port which caters to over international 100 cruise liners each year
Host to the annual Dublin Docklands International Summer Festival
Nutbutter Forbes Street Entrance SALE & LEASEBACK – No. 1 Hanover Quay Grand Canal Dublin 2
IFSC
. .
The Mar . . . ..
HQ & Nutbutter
Capital Dock
Grand Canal Dock
Green DART Line Red Luas Line Proposed Cross Tunnel DART SALE & LEASEBACK – No. 1 Hanover Quay Grand Canal Dublin 2
Tenancy Details
Fulminis Ltd will enter into a new 20-year FRI lease term at an annual rent of €300,000 per annum exclusive of rates, insurance and service charge. The lease will provide for 5 yearly rent reviews, with a 10% fixed rental uplift at each review and further provide for a Tenant break clause at year 15 of the term.
(The owner occupier acquired the property as a going concern in 2015 and has been successfully trading since under its two highly regarded brands HQ Gastro Bar and Nutbutter).
ACCOMODATION SCHEDULE
GIA Floor Area Schedule Sq ft Sq M
Ground Floor 4,240 394 HQ Gastro Bar & Nutbutter
Lower Ground Floor 4,951 460 HQ Gastro Bar & Ivana’s at HQ
Total 9,191 854
All parties are specifically requested to satisfy themselves as to the accuracy of the floor areas provided SALE & LEASEBACK – No. 1 Hanover Quay Grand Canal Dublin 2
Ground Floor Area Split GIA Sq ft Sq M
HQ Gastro Bar 2,841 264
Nutbutter 1,399 130
All parties are specifically requested to satisfy themselves as to the accuracy of the floor areas provided
Not to scale: For identification purposes only SALE & LEASEBACK – No. 1 Hanover Quay Grand Canal Dublin 2
Lower Ground Floor Area GIA Sq ft Sq M
Ivana’s @ HQ, Kitchen, stores, w.c, disabled 4,951 460 Storage w.c, office
All parties are specifically requested to satisfy themselves as to the accuracy of the floor areas provided
Kitchen
W.C
W.C Staff Changing Rooms
Not to scale: For identification purposes only FOR SALE & LEASEBACK – No. 1 Hanover Quay Grand Canal Dublin 2
Savills IMPORTANT NOTICE 33 Molesworth Street Stephen McCarthy Henry Roe Savills, their clients and any joint agents give notice that: Dublin 2 D02 CP04 ▪ They are not authorised to make or give any representation or warranties in relation to the property either here or Head of General Retail Agency Surveyor elsewhere, either on their own behalf or on the behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and +353 1 618 1300 +353 1 618 1349 +353 1 663 4304 must not be relied upon as statements or representations of fact. savills.ie ▪ Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only an PSRA License: 002233 [email protected] [email protected] are not necessarily comprehensive. it should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.