Temple Bar restaurant investment guiding at €2.5m

33-34 Essex Street East let in May 2019 on a 15-year lease for an annual rent of €160,000

33-34 Essex Street East sits in a pivotal position at the heart of Dublin’s Temple Bar district. Photograph: Gareth Byrne Photography

Agent CBRE is guiding a price of €2.5 million for a restaurant investment opportunity in Dublin's thriving Temple Bar district.

Situated at the junction of Essex Street East and Sycamore Street, 33-34 Essex Street East enjoys a prime location immediately adjacent to Meeting House Square.

The subject property briefly comprises a net internal area of 166sq m (1,786sq ft) of space laid out over ground- and first-floor levels above basement. The building has recently been refurbished with its original Victorian features respectfully restored.

Immediate vicinity

The restaurant was let in May 2019 on a 15-year lease producing an income of €160,000 per annum. This equates to a net initial yield of 5.9 per cent at the quoting price (after purchaser’s costs).


Other occupiers within the immediate vicinity of 33-34 Essex Street East include Bad Bob’s Bar and the IBAT College as well as the National Photographic Archive.

Bernadine Hogan, director at CBRE’s retail division, says: “This property is superbly located within Temple Bar with a very strong trading tenant in situ. The WAULT is just under 15 years and over time, there is perhaps the opportunity to extend into the basement to create income-chargeable space, which has already been granted planning permission. We expect to see very good interest from mainly private investors.”

Ronald Quinlan

Ronald Quinlan

Ronald Quinlan is Property Editor of The Irish Times