K E NNE DY WILSON PRO UDLY PRE SENT S 16 WESTMORELAND STREET DUBLIN 2 RET A IL/REST A URANT INVESTMENT FOR SALE BY PRIVATE TREATY / TENANT NOT AFFECTED 16 WESTMORELAND STREET, DUBLIN 2 INVESTMENT CONSIDERATIONS The unit extends to Currently approximately producing 358 sq m €200,000 (3,851 sq ft) per annum Fast food restaurant let to Strategically laid out over with approximately 5.51 Herbel Restaurants (Ireland) three floors years remaining until a located close to Ltd, trading as KFC tenant break option Temple Bar 2 3 CENTRAL BANK LOCATION DAME STREET OF IRELAND The retail unit is positioned in a prime location between Dublin’s main high streets, O’Connell Street and Grafton Street making it a popular retail destination. TEMPLE BAR The area is excellently served by existing SQUARE public transport, with Westmoreland Street Luas stop (Green Line) positioned opposite the subject property and Tara Street Rail Station is situated within 450m. HA'PENNY BRIDGE There are also numerous bus stops along Westmoreland Street serving local and national routes. James Joyce Street Dominic MARLBOROUGH ST SEVILLE PLACE R Mabbot Lane SHERIFF STREET LOWER O O’Connell Foley Street Y Upper Oriel Street Upper A Moore Lane GARDINER STREET LOWER HARBOURMASTER PLACE Connolly L SHERIFF STREET LOWER N TALBOT STREET C A Docklands EAST ROAD THE N TALBOT STREET RIVER LIFFEY W E SPIRE Busaras A L SHERRIFF STREET PARNELL STREET Henry Place O’CONNELL ST Marlborough S George's Dock Beresford Street HENRY STREET THE WESTIN DUBLIN Street BUSARAS Place Exchange Little Britain Street Commons 16 WESTMORELAND Liffey St Upper Prince's St North IFSC Mayor Square MAYOR ST UPPER JERVIS STREET MARY STREET STREET, DUBLIN 2 O’Connell Spencer Dock CAPEL STREET GPO CONVENTION Abbey CUSTOM HOUSE WESTMORELANDCENTRE DUBLIN St Michan's Street Arran Street Street CUSTOM HOUSE QUAY STREET EDEN QUAY North Lotts Jervis Street RIVER LIFFEY NORTH WALL QUAY GEORGES QUAY GEORGES QUAY SAMUEL CASTLEFORBES ROAD Strand Street Great BACHELORS WALK Tara Street BECKETT BRIDGE Four Courts D’OLIER STREET Gloucester St South CITY QUAY ASTON QUAY TARA STREET Westmoreland TOWNESEND STREET MOSS STREET Windmill Lane FLEET STREET SIR JOHN ROGERSONS QUAY Anglesea Trinity LAZER LANE CREIGHTON STREET WESTMORELAND ST PEARSE STREET LIME STREET TEMPLE BAR SANDWITH STREET LOWER PARLIAMENT ST HANOVER STREET EAST St HORSE FAIR Cope Street FORBES ST O'CONNELL CARDIFF LANE ASGARD RD BRIDGE CHRISTCHURCH MISERY HILL CATHEDRAL COLLEGE GREEN BENSON ST DAME STREET LOMBARD STREET EAST HANOVER QUAY Dame Lane Suffolk Street TRINITY Pearse Street ERNE ST LOWER GRAND CANAL DOCK COLLEGE Byrne's Lane EXCHEQUER STREET PEARSE STREET Pearse Square DUBLIN CASTLE GRAND CANAL QUAY SANDWITH ST UPPER GEORGES STREET NASSAU STREET Boyne Street Ship Street Great PLACE RINGSEND ROAD Dawson LINCOLN Cumberland Street FENIAN STREET Row Harmony Clarendon Street South William Street ERNE ST UPPER GRAFTON STREET MOLESWORTH ST Denzille Ln Bride Street Bride S DOCK STREET Golden 4Lane 5 Holles Row DAWSON STREET MERRION BARROW STREET PATRICK STREET GORDON STREET HOLLES ST MACKEN STREET SQUARE GRAND CANAL QUAY KILDARE STREET FENIAN STREET Grand Canal Dock Peter Street St Stephen’s Green ST. PATRICS AUNGIER STREET MOUNT STREETGRATTAN LOWER STREET CATHEDRAL York Street Upper FITZWILLIAM LANE KEVIN STREET S LOTTS ROAD ST STEPHEN’S MERRION STREET UPPER LOVE LANE L BAGGOT STREET LOWER Stephen's Place MercerStreet GREEN Hume Street A N New Bride Street MOUNT STREET UPPER A CUFFE STREET C D N Ely Place A R Jame’s Street East G Pembroke Lane FITZWILLIAM STREET UPPER Camden Row BAGGOT STREET LOWER Long Lane Leeson Lane PEMBROKE ST LOWER NORTHUMBERLAND RD HARCOURT ST THE NATIONAL Herbert Street HERBERT PLACE PERCY PLACE LEESON STREET FITZWILLIAM Heytesbury Street CONCERT SQUARE HADDINGTON ROAD Pleasants Street Haddington Place IVEAGH HALL Pembroke Row GARDENS Lad Lane Grantham Street HATCH STREET St Mary's Road Harcourt FITZWILLIAM PLACE WILTON TERRACE MESPIL ROAD TENANCY The entire (basement, ground and first floor space) is let to Herbel Restaurants (Ireland) Ltd on a 20 year lease from 16th October 2013 with a break option in year 10. The passing rent is €200,000 per annum with 5 yearly upward and downward rent reviews. Herbel Restaurants is a company which operates a number of KFC franchises across Ireland. DESCRIPTION ACCOMODATION The property comprises a retail unit with fast-food take-away The subject property is laid out over basement, ground and FLOOR USE SQ M SQ FT use and has excellent profile on Westmoreland Street. The first floor. The ground floor comprises restaurant seating, Basement Storage 139.8 1,505 unit forms part of a larger block, with apartments on the upper serving counter and kitchen to the rear. The basement Ground Retail 158.4 1,704 floors, which for the avoidance of doubt do not form part of provides customer toilets and storage. The first floor is in use First Storage 59.6 642 this sale. as storage and staff facilities. Total Area 357.8 3,851 Areas provided are NIA and were measured by CBRE Limited. An assignable measured survey is available in the data site. 6 7 CONTACT & FURTHER INFORMATION GUIDE PRICE BER In excess of €3,000,000 (subject to contract) As the property is a protected structure, it is exempt from BER assessment DATA SITE www.savills.com/16westmorelandstreet TENURE We understand the property is held Freehold VIEWINGS All viewings are strictly by appointment through the sole selling agent SELLING AGENT SOLICITORS SAVILLS 33 Molesworth Street Dublin 2 PSRA: 002233 WILLIAM FRY www.savills.ie 2 Grand Canal Square Dublin 2 MARGUERITE BOYLE DESSIE KILKENNY KAREN SHEIL ANNE DOYLE T +353 1 618 1334 T +353 1 618 1401 T +353 1 639 5338 T +353 1 489 6427 [email protected] [email protected] [email protected] [email protected] Savills Ireland and the Vendors/Lessors give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure, intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact, but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property, and neither Savills Ireland nor any of its employees nor the vendors or lessors shall be liable for any loss suffered by an intending purchaser/Lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through them. All maps produced by permission of the Ordnance Survey Ireland Licence..