Hotel And Restaurant Property On Dublin's Baggot Street Hits The Market
A boutique hotel and restaurant property at 99/100 Baggot Street in Dublin has hit the market via Mason Owen & Lyons Commercial Property Consultants.
The property's listing on Mason Owen & Lyons' website states, "Sole agents Mason Owen and Lyons are delighted to present 99/100 Baggot Street, Dublin 2, to the market for sale. This boutique hotel and investment property is for sale by private treaty."
The listing continues, "The property is well served by public transport, with Pearse Street Dart Station located one kilometre north of Baggot Street. The Luas is situated 1.5 kilometres south-west of the property at Charlemont Luas Station. Numerous bus routes serve Baggot Street.
"99/100 Baggot Street Lower comprises a pair of Georgian buildings fronting Baggot Street Lower and two mews coach houses fronting Hagan's Court. There is vehicular access via an archway through the mews buildings to a car park between the front and mews buildings. The courtyard between the buildings has a tarmacadamed surface and provides parking for 10 cars.
"The property is held under a freehold title.
"The basement of the property and ground floor of No. 100 Baggot Street is let to Two Sister Families Limited t/a Chai-Yo Restaurant. The lease is for a term of 25 years from the 1st of September 2002 on full repairing and insuring terms. The passing rent is €78,000 per annum payable monthly in advance. The rent is subject to five yearly upward only rent reviews to market value."
Car Spaces Licenced To Bank Of Ireland
The listing adds, "10 car spaces in the rear courtyard are licenced to Bank of Ireland at a licence fee of €10,442 per annum."
© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.