FOR SALE UNIT 5 MELLOR COURT

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: gerrymcerlean@maguiremcerlean.ie
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: info@quinnagnew.ie
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.