The property, 22 – 23 Dawson Street, is located by the busy intersection at St. Stephen's Green.
The property comprises a mid-terraced five storey over basement period building which extends to an area of approx. 6,500 sq. ft. The mixed use property is 100% occupied and laid out in retail use on the ground floors, with four luxury apartments overhead.
The overall income from the retail tenants is €155,000 per annum. Tenants include Tang, Sunglasses.ie and Amuse.
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The upper floors are laid out in four apartments, each apartment spanning an entire floor of the block. The residential element has been recently upgraded to provide high end living accommodation targeted at the corporate sector. There is a lift serving all floors and also a landscaped roof garden, offering views of St. Stephen’s Green and extensive decking. All apartments are let to a single occupier on a recently agreed five year lease. This offers the incoming investor minimal management requirements.
Marguerite Boyle of selling agents, Savills, said: "This prime investment offers investors the opportunity to acquire a fully let mixed use building with a WAULT of approximately 6.7 years in an area which is highly sought after by both retail and residential occupiers due to a number of large scale redevelopments and infrastructural improvements on the street. The block has benefitted from refurbishment works carried out by its current owners, and we believe the property will appeal to a range of both domestic and international investors."
(CD)
