InvestmentsTwo separate commercial buildings on an L-shaped site with frontage onto Lower Baggot Street and Pembroke Street in Dublin 2 are for sale at over €8 million through Savills HOK.
Alternatively, the agent will sell the two properties separately and is suggesting a price of over €6 million for 1A Pembroke Street which is occupied by the FXBs restaurant.
The building extends to 242sq m (2,605sq ft) over two floors set back from the street with an attractive open-air foyer fronting onto Pembroke Street.
FXBs has been running the restaurant since 1996.
It also has similar businesses in Monkstown, Christchurch, Temple Bar and Parkgate Street.
The current rent of €63,000 is due to be reviewed under the 25-year lease which runs from 1996.
Savills HOK is quoting over €2 million for 133 Baggot Street which occupies a prime position on this busy street in the heart of D2.
The three-storey over basement mid-terrace Georgian building - it has a total floor area of 445sq m (4,790sq ft) - has two storeys of office accommodation over ground floor and basement retail.
There is an adjoining yard to the rear.
Part of the ground floor - covering an area of 25sq m (269sq ft) - is occupied by Patrick McCartan Opticians on a 15-year lease from 1994 at a rent of €12,500 per annum.
The entire building has been extensively refurbished in recent years.
In 2002, planning permission was granted for the refurbishment of the Baggot Street building and the construction of a 1,429sq m (15,382sq ft) four-storey over basement building at the rear.
However, the permission included 1 Pembroke Street which is not included in the present sale.
A subsequent planning permission in 2005 provided for a change of use of 133 Baggot Street to a restaurant and wine bar at basement level with the upper three floors to be used for a mixture of retail and restaurant facilities.
Niall Davis of Savills HOK describes the portfolio as "an exceptional investment opportunity with obvious potential for future development in a truly distinguished section of the city centre".
Savills HOK is inviting best bids by July 5th.
