Middle Abbey Street
Landmark Mixed Use
BER - Exempt
GIA 847 sq.m.
Income €210k p.a.
Turley Property Advisors are proud to present No. 94-96 Middle Abbey Street, Dublin 1, to the market ‘For Sale’, by Private Treaty.
The subject property comprises a landmark four-bay five-storey over basement mixed use building extending to gross internal area of 847 sq. m. (9,117 sq. ft.). Constructed in 1920, following the destruction of the original building during the 1916 Easter Rising. It is notable for the fine glazed terracotta/facience facade in the Elizabethan Revival style, a rare surviving example of its type in Dublin City Centre.
The ground floor and basement is in retail use, and Let to CEF, a well-established Electrical Wholesaler in Ireland and the UK. The basement comprises retail space (NIA 136 sq. m.) and a store room (NI 47.4 sq. m.) The ground floor has retail floorspace (NIA 203 sq. m.). The 1st floor comes with vacant possession having previously traded as a Jewellary wholesalers. The floor is a mix of retail and office space of approx. (NIA 118 sq. m.) and completes the commercial element of the property. This floor could be converted back to 2 apartments (S.P.P.).
There are six large apartments extending over the 2nd, 3rd & 4th Floors (1 x 3 Bed/2 Bath & 2 x 2 Bed/ 2 Bath & 3 x 2 Bed / 1 Bath). The properties are all occupied, registered with the RTB and are generating a rental income of €135,360 per annum. The residential tenants have been issued Notices and we expect full vacant possession by March 2024.
94 - 96 is located on the northern side of Middle Abbey Street, just 200 meters west of the junction with O’Connell Street. Abbey Street is one of the city’s most vibrant and sought after commercial locations. The subject property enjoys excellent street frontage benefiting from the areas thriving footfall.
The property benefits from its proximity to the pedestrian shopping area of Henry Street and is within walking distance of Grafton Street and the IFSC. The property is surrounded by numerous shops, restaurants, offices, and popular tourist attractions including Temple Bar, The Guiness Storehouse and Croke Park.
The property enjoys excellent connectivity to various modes of transportation. The Luas Line runs directly infront of the property servicing all parts of the City. Dublin Bus routes, DART and taxi ranks are conveniently located nearby, making it easily accessible for both local customers and those commuting from other parts of the City.
The area surrounding Middle Abbey Street offers a plethora of amenities that cater to the needs of both customers and employees. From popular restaurants and cafes for lunchtime breaks to nearby parking facilities for convenient access, it caters for everyone. The Metro One Hotel, a brand new 252 bedroom hotel has just opened on the street.
In conclusion, Abbey Street presents a host of advantages, including its unbeatable location, high footfall, established commercial hub, excellent transportation links, versatile space, brand exposure opportunities, established infrastructure, and surrounding amenities. Don't miss this incredible opportunity.
01 479 1500