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56 MARY ST/32-36 WOLFE TONE ST SUPERB MIXED USE PROPERTY FOR SALE IN ONE OR MORE LOTS

Transcript of 56 Mary Street/Wolfe Tone Streets3-eu-west-1.amazonaws.com/mediamaster-s3eu/d/7/d77b0ad41b7a… ·...

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56 MARY ST/32-36 WOLFE TONE ST SUPERB MIXED USE PROPERTY FOR SALE IN ONE OR MORE LOTS

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Investment Summary Superb City Centre Mixed Use Investment Opportunity.

56 Mary Street comprises a four storey over basement level property with approx. 127 sq.m. of commercial space at ground floor and basement level and approx. 216.33 sq.m. of residential accommodation on the upper levels.

32‐36 Wolfe Tone Street comprises a ground floor commercial unit of approx. 1,104 sq.m.

Properties can be purchased in one lot or individually.

Ideally located close to one of the busiest retail thoroughfares in Dublin city.

Benefits from vacant possession and offers a rare large ground level floor plate suitable for a variety of retail/leisure/restaurant uses ﴾Subject to Planning Permission﴿.

Location

The properties are located on Mary Street and adjacent Wolfe Tone Street. Mary Street adjoins Henry Street which is one of Dublin City's prime shopping districts boasting one of Ireland's highest footfall figures and home to the Jervis Shopping Centre, Ilac Shopping Centre, Arnotts and Debenhams departments stores. Henry Street currently generates weekly footfall figures of over 600,000 and Mary Street is superbly placed to benefit from this large volume of passing trade. The area is one of Dublin's most vibrant locations with a vast array of contrasting uses including fashion, antiques, furniture/hardware, ethnic foods as well as offices and residential making the area a lively day and night destination.

Notable retail occupiers in the area include Smyth's Toys, Toymaster, Cineworld, Forever 21, AIB, Carrolls Gifts and Primark. Eateries in the area include Nandos, The Church Bar & Restaurant and McDonalds. More recently, adjacent Capel Street has seen a significant increase in the number of bars and restaurants including The Black Sheep, brasserie 7, D‐One, the Boars Head, Pantibar and Brother Hubbard. The area is also a significant employment centre with numerous headquarter offices including the Capel Building, Chapel House, Chapter House, Jervis House and Kings Inn House all closeby. Local office occupiers include AXA Insurance, Version 1 Software, Activision Blizzard & numerous Government Departments.

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Transport Being a city centre location, the area is conveniently serviced by the Luas Red Line Jervis stop which runs from Saggart, Co. Dublin to the 3 Arena, Dublin 1. Luas Red Line stops include Heuston Station, Connolly Station and Busarus. The DART is accessible from Connolly Station and Tara Street which are also within walking distance. The location is well serviced by Dublin Bus with numerous routes running at high frequency during peak times from O'Connell Street, Parnell Square and The Quays. Located directly outside the properties is a Dublin Bikes station and there are numerous public car parks located in the immediate vicinity.

Description

32‐36 Wolfe Tone Street comprises an extensive retail floor plate on the ground floor of a five storey over basement mixed use residential/commercial infill development dating from the 1990's. The unit is currently laid out as a retail shell with small individual retail units partitioned in a mall like style. There is also a mezzanine level to the rear of the unit providing additional accommodation. The property benefits from a glazed facade fronting Wolfe Tone Street with a shop frontage of approximately 17 metres.

56 Mary Street comprises a four storey over basement level property with commercial use at ground and basement level and residential on the upper floors. It is currently laid out with three small retail units at ground floor level. There was previously an opening connecting the ground floor of 56 Mary Street to the Ground floor of 32‐36 Wolfe Tone Street which has been removed by the reinstatement of the block wall. There is a basement under the retail unit providing storage and two WC's. The shop benefits from a shop frontage of approximately 6 metres.

Access to the upper floors is via an apartment building on Wolfe Tone Street. There is no direct access from the ground level on Mary Street.

The residential accommodation is located from first to third levels. It is laid out as one 6 bedroom apartment. There are 6 bedrooms, three on each of the upper two floors and there is a large shared living room/kitchen to the rear of the first floor.

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Area 56 Mary Street

Approximate Floor Areas are as follows:

32/36 Wolfe Tone Street (Ground Floor only)

The Ground floor of 32/36 Wolfe Tone Street extends to approximately

1,104 sq.m. (11,879 sq.ft.)

Use 56 Mary Street

Ground floor and basement level is currently in retail use but would suit a variety of uses subject to planning permission.

Upper floors are currently in residential use.

32/36 Wolfe Tone Street

Currently in retail use but would suit a variety of uses subject to planning permission.

Zoning

Under the Dublin City Council Development Plan 2011 ‐ 2017, the site has been zoned Z5, the objective of which is:

To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity.

For Identification Purposes only - Not to Scale

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Per issi le sesAmusement/leisure complex, ATM, bed and breakfast, betting office, buildings for the health, safety and welfare of the public, car park, car trading, childcare facility, civic offices, community facility, cultural/recreational building and uses, delicatessen education, embassy office, funeral home, guest house, hostel, hotel, internet cafe, live work units, medical and related consultants, nightclub, office, off-licence, public house, residential, restaurant, shop (district), shop neighbourhood, takeaway among others.

ERS o Ton S

M S

PriceLOT 1 - 56 Mary Street - xcess 600,000

LOT 2 - 32-36 Wolfe Tone Street - xcess 1,000,000

LOT 3 - The ntire - xcess 1.6 million

iewinHighly recommended and by appointment with Sole Agent Knight Frank

ontactRoss Fogarty Ross.fogarty ie.knightfrank.com

Shaun Collins Shaun.collins ie.knightfrank.com

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KnightFrank.ie

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onditions to e notedThese particulars are issued by HT Meagher O’Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of these particulars, they do not constitute an offer or contract. All descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only, they are given in good faith and believed to be correct, and any intending purchaser/tenant should not rely on them as statements or representation of fact but should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any VAT arising on the transaction. Neither HT Meagher O’Reilly trading as Knight Frank or any of their employees have any authority to make or give any representation or warranty in respect of this property.

HT Meagher O’Reilly trading as Knight Frank, Registered in Ireland No 385044, PSR Reg No 001266. HT Meagher O’Reilly New Homes Limited trading as Knight Frank, Registered in Ireland No. 428289, PSR Reg No 001880. Registered Office – 20 -21 Upper Pembroke Street, Dublin 2.

For Identification Purposes only - Not to Scale