D2 Victorian with restaurant and offices for sale for €2.15m

22 Upper Baggot Street’s rent roll of €110,500 will provide 4.92% return to new owner

22 Upper Baggot Street: The mix of retail and offices has an annual rent roll of €110,500

22 Upper Baggot Street: The mix of retail and offices has an annual rent roll of €110,500

 

Colliers International is guiding €2.15 million for what it describes as a “highly reversionary investment” – a Victorian building at 22 Upper Baggot Street, Dublin 2, which is laid out over four floors with a restaurant on the ground floor and offices overhead.

The 332sq m (3,580sq ft) building has a rent roll of €110,500, which will provide a return of 4.92 per cent for the next owner.

Saba, a Thai and Vietnamese-style restaurant, trades from the ground floor on a 15-year lease from 2015 at a passing rent of €85,000 per annum.The lease provides for five yearly open-market rent reviews as well as a break option in year 10.

The upper floors are let to the Elmwood Centre, a counselling and psychotherapy centre, on a four-year, nine-month lease from March 2015 at a rent of €25,500 per annum. The lease includes two car parking spaces to the rear of the building.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.