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Buildings That House Dublin's Dada Moroccan Restaurant Hit The Market

Published on May 22 2020 10:43 AM in Restaurant tagged: Trending Posts / Dada

Buildings That House Dublin's Dada Moroccan Restaurant Hit The Market

The buildings that house Dublin's Dada Moroccan cuisine and tapas restaurant have hit the market.

The two interconnected buildings, which are located at numbers 44 and 55 South William Street in Dublin city, are being sold via QRE Real Estate Advisers with a guide of €2.6 million, which reflects an attractive net initial yield of approximately 4.82%, according to The Irish Independent.

The buildings are arranged over five levels and extend to approximately 9,000 square feet.

Rental Rate

The basements and ground floors of the buildings are currently let to Dada for a yearly rental rate of €123,000 under two coterminous leases, which are valid until April of 2030.

The buildings also contain eight studio apartments as well as three small offices and workshops.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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