Overview

TENANTS NOT AFFECTED

City Centre investment property in excellent condition fully occupied by The Mater Private & Dorset Dental Clinic with a total current income of €67,500 per annum. The property occupies a high-profile location on Dorset Street Upper, between its junction with Frederick Street North and Blessington Street, approx. 850m north of Dublin city centre. The area contains a wide mix of commercial, residential and institutional uses and benefits from a wealth of amenities with a range of restaurants, cafes, shops, bars and retails facilities. Notable occupiers in the surrounding area include both the public and private Mater Hospitals, Temple Street Hospital and Rotunda Hospital. Dorset Street is one of the main routes in and out of Dublin city's northside and provides a direct route to the M1, the M50 with Dublin Airport accessible in 20 mins. The area is also well served by public transport with Dorset acting as a QBC (Quality Bus Corridor) with the Green (Cross City LUAS line) located within a 15-minute walk at Dominick Street.

The property comprises a mid-terraced four storey over basement commercial building in excellent condition totalling approx. 383 sq. m (4,123 sq. ft) with the subject currently fully occupied by the Dorset Dental Clinic who occupy the basement, ground, first and third floors and the Mater Private Hospital who occupy the second floor. The ground floor consists of a large reception area with two dental surgeries located to the rear together with w/c and office, the first floor, comprise three surgery rooms, office, lab room and w/c, the second floor provides four separate offices and w/c with the third floor providing w/c, staff canteen and three further offices. All floors can be accessed independently from the ground floor. The property comprises an enclosed rear yard which can be accessed via the ground and basement floors. There is also the benefit of rear access from the rear yard to St. Josephs Place.

Lease Details Below Tenant:

Dorset Dental Clinic Lease Start: 19th September 2017 Term: 15 Years Current Rent: €47,500 pa.

Lease 2 Tenant: Mater Private Hospital Lease Start: 1st February 2023 Term: 5 Years Current Rent: €20,000