Mixed use in Dublin city centre

The investment, which occupies a prime location just off the bottom of Grafton Street, comprises two four-storey over-basement buildings set out for retail and restaurant use at street level with offices overhead. Combined, the two buildings extend to approximately 17,784 sq ft (1,652 sq m). The investment comes to the market with a strong tenant line-up in place and is generating significant rental income. Building 1 comprises a mid-terraced period building constructed in 1919, extending to 6,793 sq ft (631 sq m). The ground-floor retail unit is occupied by the popular UK & Ireland Italian restaurant chain, Zizzi, which accounts for 74 per cent of the building’s rental income. Zizzi signed a 25-year lease, running to January 2042 and currently have a passing rent of €200,000 annually following a strong rent review. Landscape architects, Cunnane Stratton Reynolds, have recently signed a 20-year lease from the 8th of August 2023 for the first, second and third-floor office accommodation, at a rent of €70,000 annually. Second building is an end-of-terrace building, comprising a mix of period and contemporary designs extending to 10,991 sq ft (1,021 sq m). Fáilte Ireland, which leases the ground floor, has vacated the unit and will be exiting upon the expiry of their lease in November 2023. The Bodywise Clinic occupy the second floor on a 10-year term. While the clinic had the option to break its lease last year, it did not exercise it, underpinning its commitment to the space. Likewise, the third-floor tenants, FFA Chartered Accountants, have been in occupation on a 35-year lease since 1989.