Property That Houses Dublin's Art Café Hits The Market

By Dave Simpson
Property That Houses Dublin's Art Café Hits The Market

The property that houses Art Café on Dublin's Gardiner Street has hit the market with a guide price of €600,000.

35-Year Lease

According to Richard O'Neill of selling agent Artis Real Estate, the property is let under a 35-year lease at an annual rent of €48,000 reflecting a net initial yield of 7.28%. The lease began in June of 2012 and allows open market rent reviews every three years.

The property includes café and restaurant facilities on its ground floor and a retail area on its first floor.

© 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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