investment opportunity - microsoft...bikram yoga studio. it is laid out to provide two yoga studios,...
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DISCLAIMERThe particulars and information contained in this brochure are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifi cally advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suff ered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction.
jll.ie
Building Energy RatingBER: C2BER No: 80068850EPI: 1056.53 KWh/m2/yr 1.23
TitleWe understand the property is held on a long leasehold title.
ViewingStrictly by appointment through JLL as sole selling agents.
jll.ie
For Sale by Private Treaty (Tenants Not Affected)
Units A and B, Shelbourne Plaza, Ringsend Road, Dublin 4
Investment Opportunity
• Self-contained ground floor unit fully let to Init Yoga with 4.19 years term certain• Potential for change of use to office accommodation in the future• Total passing rent of €84,000 per annum• The property is ideally located on the Ringsend Road at the junction with South Lotts
Road• Situated adjacent to Dublin’s leading office location• Both leases expire on 5 December 2030 with mutual break option in December 2020
PSP Licence No: 002273
Contact
Brian Shields01 [email protected]
Max Reilly01 [email protected]
Location
Shelbourne Plaza is on the Ringsend Road at the junction with South Lotts Road approximately 2 km east of Dublin City Centre. The area is mixed in nature with a number of mixed use developments in the vicinity.
Barrow Street is located 300 meters west of the subject property where Google occupy a number of buildings. Other occupiers in the area include; Arup, Mason Hayes & Curran and Pfizer. The Watermarque a modern office building is located adjacent to the subject property, occupiers include The Lawrence Life, Airbnb and Betfair.
The area is well serviced with public transport via numerous bus routes and the Dart/Train at Grand Canal Dock Station. Shelbourne Plaza benefits from a variety of local amenities including cafés, restaurants, shops, the Board Gais Theatre and the Aviva Stadium.
Description
The property comprises of a ground floor retail unit within in a seven storey mixed use development. Units A and B provide a self-contained retail unit that is currently used as a Bikram Yoga Studio. It is laid out to provide two yoga studios, men and women’s changing rooms with showers, lockers and vanity area. Part of Unit A remains in shell and core condition.
Accommodation & Tenancy Schedule
Demise Tenant Name
Lease Start
Expiry Date
Break Date ***
Current Rent pa
Total Area (sq ft)
Unit A & B Init Yoga Ireland*
6 Dec2010
5 Dec 2030
5 Dec 2020
€60,000
5,232Unit A Init Yoga Ireland*
19 Oct 2012
5 Dec 2030
5 Dec 2020
€24,000**
Total €84,000 5,232
All intending purchasers are specifically advised to verify any site area and measurements referred to herein and undertake their own due diligence.
*Tenant has signed a deed of renunciation.
**Rent review on 17 October 2017 agreed. Rent reduces to €20,000 per annum from this date.
*** Mutual break option in 2020.
Location
Shelbourne Plaza is on the Ringsend Road at the junction with South Lotts Road approximately 2 km east of Dublin City Centre. The area is mixed in nature with a number of mixed use developments in the vicinity.
Barrow Street is located 300 meters west of the subject property where Google occupy a number of buildings. Other occupiers in the area include; Arup, Mason Hayes & Curran and Pfizer. The Watermarque a modern office building is located adjacent to the subject property, occupiers include The Lawrence Life, Airbnb and Betfair.
The area is well serviced with public transport via numerous bus routes and the Dart/Train at Grand Canal Dock Station. Shelbourne Plaza benefits from a variety of local amenities including cafés, restaurants, shops, the Board Gais Theatre and the Aviva Stadium.
Description
The property comprises of a ground floor retail unit within in a seven storey mixed use development. Units A and B provide a self-contained retail unit that is currently used as a Bikram Yoga Studio. It is laid out to provide two yoga studios, men and women’s changing rooms with showers, lockers and vanity area. Part of Unit A remains in shell and core condition.
Accommodation & Tenancy Schedule
Demise Tenant Name
Lease Start
Expiry Date
Break Date ***
Current Rent pa
Total Area (sq ft)
Unit A & B Init Yoga Ireland*
6 Dec2010
5 Dec 2030
5 Dec 2020
€60,000
5,232Unit A Init Yoga Ireland*
19 Oct 2012
5 Dec 2030
5 Dec 2020
€24,000**
Total €84,000 5,232
All intending purchasers are specifically advised to verify any site area and measurements referred to herein and undertake their own due diligence.
*Tenant has signed a deed of renunciation.
**Rent review on 17 October 2017 agreed. Rent reduces to €20,000 per annum from this date.
*** Mutual break option in 2020.
DISCLAIMERThe particulars and information contained in this brochure are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifi cally advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suff ered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction.
jll.ie
Building Energy RatingBER: C2BER No: 80068850EPI: 1056.53 KWh/m2/yr 1.23
TitleWe understand the property is held on a long leasehold title.
ViewingStrictly by appointment through JLL as sole selling agents.
jll.ie
For Sale by Private Treaty (Tenants Not Affected)
Units A and B, Shelbourne Plaza, Ringsend Road, Dublin 4
Investment Opportunity
• Self-contained ground floor unit fully let to Init Yoga with 4.19 years term certain• Potential for change of use to office accommodation in the future• Total passing rent of €84,000 per annum• The property is ideally located on the Ringsend Road at the junction with South Lotts
Road• Situated adjacent to Dublin’s leading office location• Both leases expire on 5 December 2030 with mutual break option in December 2020
PSP Licence No: 002273
Contact
Brian Shields01 [email protected]
Max Reilly01 [email protected]