DESCRIPTION

******** LEASE FOR SALE ************

 

Turley Property Advisors are delighted to bring this restaurant lease for sale in the heart of Milltown, one of Dublin's most sought-after locations. The demise extends to approximately 215 sq. m. (2,300 sq. ft.). Externally, the property is attractively finished having recently been re-designed by its current occupier. The property benefits from a stylish entrance doorway as well as the benefit of sliding windows for deliveries/ collections. There is an outdoor terrace area to the front of the property which enjoys the evening sun. Internally the property is in pristine condition having been recently refurbished. The demise comprises a seating area for up to 56 customers, state of the art bar, a large partially open kitchen, cold room, staff w/c, customer toilets, storage room and office. There is rear access also.

 

Leasehold Price: €115,000

Lease Term: 20 years

Commencement: 1st January 2020

 

Rent: Years 1-2 €65,000,

Year 3-4 €75,000

Year 5 €80,000

 

Rent Review: Every 5 years

Break Option: End of Year 12

Full Renewal Rights

To Let by Assignment

 

Milltown is one of Dublin's most sought after residential and commercial areas and benefits from a large and affluent catchment area. This mature suburb is neighbouring between Ranelagh, Rathmines, and Dundrum. Nearby residential highlights include Mount Saint Anne's, Abbeyfield, Glenmalore Square, Cedar Hall, Milton Grove apartments. Nearby occupiers include The Enchanted Florist, Poised Hair Salon, Giraffe Childcare, Pharmacy, Wilde & Green and Euro-Spar. The unit benefits from high levels of pedestrian and vehicle traffic along The Milltown Road. There is excellent public transport nearby with Dublin Bus serving to and from the City Centre and Green Line Luas stop located at Milltown Station. The property is located 4.5km from the N11 at and 10km from the M50 Motorway.