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Property That Houses Dublin's Art Café Hits The Market

Published on Feb 6 2020 12:27 PM in Restaurant tagged: Art Café

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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