Overview

> Attractive three storey over basement mixed-use property with a single storey over basement annex, totalling 863.3 sq.m. (9,291 sq.ft.) NIA.

> Vibrant location adjacent to Camden Street quarter and short walk to St. Stephen’s Green.

> Historic building and contemporary accommodation including offices, pilates studio, and a former private club premises with a fully fitted bar and lounge.

> Passing rent of €85,700 per annum, with significant reversionary potential.

> Guide Price: €1,500,000, reflecting an attractive capital value of just €161 psf.

> This sale offers an opportunity to acquire a high-profile city centre investment property with significant reversionary potential and opportunity for bar/ restaurant/private club use at basement level, subject to licence.

 

Location

The property is located at the junction of Camden Row and New Bride Street in Dublin city centre. This is a vibrant location within walking distance of various notable amenities such as St. Stephen’s Green, Grafton Street, and St. Patrick’s Cathedral.

The surrounding area comprises a variety of offices, residences, and medical facilities, accompanied by an abundance of cafés, restaurants, pubs, and shops. Camden Street, known for its food and beverage offerings and lively atmosphere, is located just east of the property. St. Kevin’s Park is also located just east of the property.

Centrally located, the property is highly accessible by various modes of transport. There are several Dublin Bus routes serving Camden Street, Wexford Street, Kevin Street, Clanbrassil Street, and South Circular Road, all of which are within a short walking distance of the property. The Luas (Green Line) stop at Harcourt is located within 10 minutes. Additionally, there are several Dublinbikes stations located nearby.

The property adjoins Camden Yard (currently under construction) – an extensive mixed-use development comprising offices and residential accommodation across five blocks.

 

Description

20 & 20A Camden Row comprises a prominent three storey over-basement building with a single storey over basement annex. Originally built as a workhouse in c. 1820, the property later became a hospice and a school before being converted for office and leisure use by the Dublin Conservative Club in the early 1960s.

The basement of the property is independently accessible and most recently used as a private members’ club and recreational facility for the Dublin Conservative Club. Now vacant and including fully fitted bar and lounge facilities, this part of the property is suitable for a variety of similar leisure uses (subject to licence) including bar, restaurant, venue.

The ground floor is currently let to O’Donnell + Tuomey Architects, comprising own door office accommodation in the single storey annex at 20A, with ancillary storage located at ground floor of the original building.

The first floor is in use as a pilates studio and let to Live and Breathe Pilates, whilst the second floor is in use as offices and currently occupied by Circulate Online, a digital marketing company.

The accommodation throughout presents very well and comprises contemporary tenant fit-outs, set within the character of these historic structures.

 

Protected Structure

The property is a Protected Structure under the Dublin City Development Plan 2022-2028 (RPS Ref. No. 1140).

 

Zoning

The property is within an area zoned “Z5 – City Centre” in the Dublin City Development Plan 2022 – 2028 – “to consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity”.

 

Tenancy

The property is subject to three tenancies (not affected by the sale), and is currently producing a rent of €85,700 p.a.