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Two Irish Food Venue Properties Hit The Market

Published on Oct 22 2021 1:30 PM in Restaurant tagged: Trending Posts / Fishbone / Vital Health Café

Two Irish Food Venue Properties Hit The Market

Two Irish food venue properties have hit the market. Vital Health Café The property that houses Vital Health Café at 1A Fitzwilliam Road, Wicklow Town, Co. Wicklow, is being sold via IAM Sold Proper...

Two Irish food venue properties have hit the market.

Vital Health Café

The property that houses Vital Health Café at 1A Fitzwilliam Road, Wicklow Town, Co. Wicklow, is being sold via IAM Sold Property Auctions with a starting price of €135,000.

The property's listing on iamsold.ie states, "STARTING PRICE*€135,000

"BIDDING AVAILABLE FROM
04TH NOVEMBER 2021 14:00
UNTIL
04TH NOVEMBER 2021 14:30

"Property Overview

"Lambert McCormack Property in partnership with The Leinster Property Auction

"Offered at bids over €135,000

"We are delighted to bring this landmark commercial building, 1A Fitzwilliam Row, Wicklow to the market.

"A visual beacon at the gateway to Wicklow town centre, this high profile premises presents a rare opportunity to acquire a retail unit in such an unparalleled location. Over a number of years Wicklow residents and further afield have relished in the on trend culinary delights of the well established Vital Health Café, a building that has served as a thriving business for the current owners.

"Wicklow town has expanded its commercial diversity over a number of years with a broad range of retail, hospitality and brand stores as well as some of the most quirky and specialised artisan offerings.
1A Fitzwilliam Row presents an excellent opportunity for any retailer looking to take advantage of this outstanding setting. The distinguished elevated position provides optimum advertising onto one of the town's busiest thoroughfares and an immense advantage of being conveniently located adjacent to a public carpark. The Vital Health Cafe presents the perfect setting for an ambitious retailer or budding entrepreneur.

"FEATURES
"Landmark commercial building
"Visual beacon at the gateway to Wicklow town centre
"Distinguished elevated position providing optimum advertising
"High profile retail premises in an unparalleled location
"High volume of passing custom
"Conveniently located adjacent to large public carpark
"Presently a thriving café business for the current owners
"Potential to extend upwards subject to planning permission
"BER C2 / BER No. 800458788

"TO VIEW OR MAKE A BID - Contact Lambert McCormack Property on 086 395 1167 or visit: "www.leinsterpropertyauction.ie, 01 687 5040.

"Starting Bid and Reserve Price

"*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.

"Auctioneer's Comments

"This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.

"Building Energy Rating (BERs)

"Building Energy Ratings (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from 'A' to 'G'. An 'A' rating is the most efficient, while 'G' is the least efficient. The average efficiency grade to date is 'D'. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties."

Fishbone

The property that house the Fishbone venue at 324 Clontarf Road, Clontarf, Dublin 3, is being sold via digital property marketplace BidX1 with a guide price of €700,000.

The property's listing on bidx1.com states, "Property Summary

  • "A restaurant investment.
  • "Comprising a two storey 70 person capacity restaurant.
  • "Extending to approximately 215 sq. m (2,317 sq. ft).
  • "Situated on a prominent location on Clontarf Road overlooking the Irish Sea.
  • "Let to an individual t/a Fishbone.
  • "Lease expiry 2033.
  • "Current rent reserved €64,800 per annum.
  • "Net initial yield 8.42%.

"Property description

"The property is arranged over ground and first floors to provide a mid terrace restaurant building. Internally the property comprises a 70 seater restaurant (40 seats downstairs and 30 seats upstairs), 2 x bars, 3 x WC together with office and ancillary accommodation.

"The subject property is located along the Clontarf Roaf, overlooking the Dublin Bay. Surrounding occupiers include Kanoodle, Body First Nutrition and Kinara.

"Total floor area extending to approximately 215 sq. m (2,317 sq. ft).

"All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

"VAT

"Please refer to Legal Documents

"Tenancy

"The entire property is at present let to an individual t/a Fishbone Restaurant for a term of 25 years from 01.01.2008 at a contractual rent of €64,800 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.

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