McDonald's Building in Temple Bar Sold; Trinity Lodge On Market For €6.5m
The building housing the McDonald's fast food restaurant in the heart of Temple Bar in Dublin has been bought by a continental investor for €6.25 million.
Savills, which is handling the sale of the premises, said the deal will give the new owners a return of around 5.36%, reports The Irish Times.
McDonald's currently has a 20-year lease from April 2013, at rent of €350,000 a year. A 10-year break option will give the new owner a trading certainty of at least six years. The upgraded building has dual frontage and an overall floor area of 790 sq m (8,500 sq ft).
Meanwhile, Trinity Lodge, three Georgian houses with 26 guest bedrooms, on Dublin’s South Frederick Street has been put on the market through JLL at over €6.5 million.
According to The Irish Times, two of the houses, 29 and 30, are on the east side of South Frederick Street close to the Dunne & Crescenzi Italian restaurant, while number 12 is on the opposite side of the road, adding that Dan O’Connor of JLL Hotels & Hospitality says the Trinity Lodge properties were expected to attract strong buyer interest from existing hoteliers and property investors, both domestically and internationally.