Lisney | 16 Wicklow Street

Investment Summary

Located in a high profile position just over 100 metres from Grafton Street.
Property comprises a four storey over basement mid-terrace building extending to approximately 240 Sq.M (2,582 Sq.Ft) on a net internal area basis.
Rent of €125,000 per annum.
Single Full Repairing & Insuring (FRI) lease with an unexpired lease term of 10.4 years and upward only rent reviews in March 2021 and 2026.
Established tenant (unaffected by the sale).

Tenure

We understand the property is held Freehold.

Zoning

The property is in an area zoned Z5 ‘to consolidate and facilitate the development of the central area, and to identify, reinforce and strengthen and protect its civic design, character, and integrity’ under the current
Dublin City Council Development Plan 2018-2025.

The building is not listed as a protected structure.

Vat

We are advised that VAT will not be applicable to the sale.

AMV

€2,400,000, representing a net initial yield of 4.80% after allowing for standard acquisition costs of 8.46%.

Public Auction

The property is scheduled to be sold by way of Public Auction on Wednesday 14th March 2018 at 2.30pm in the Lisney Salesroom at St. Stephen's Green House, Earlsfort Terrace, Dublin 2.