This is an exceptional opportunity to purchase a completely refurbished mixed use investment property with 6 A/B rated one bedroom studio apartments above an award winning Chinese restaurant, which is recommended by the Michelin Guide.

This high profile four storey mid terraced red brick building is located in the heart of Dublin city centre, along the east side of the Golden Mile for popular bars and restaurants that links Camden Street with Dame Street.

This Dublin 2 property is located close to the corner of Bow Lane East, which is less than 30 meters from Longford Street Lower and leads onto some of the best restaurant streets in Dublin including Stephen Street Lower, Drury Street and South William Street.

16 Aungier Street is located a short walking distance from the St. Stephens Green Shopping Centre and public car park, the Royal College of Surgeons, the Gaiety Theatre, St. Stephens Green LUAS station and public park as well as some of Dublin 2s best hotels including the Marlin Hotel, Premier Inn Hotel, the Grafton Hotel and the Westbury Hotel.

The Big Fan is a long established Chinese restaurant with a passing rent of ‘¬50,000 p.a.

This award winning restaurant is regarded as being one of the best Chinese restaurants and cocktail bars in Dublin city centre and has been trading for 20 years and has 15 years left on their Lease.

The Big Fan restaurant has been fitted out to a very high standard to include a unique high visibility faé§ade, the interior is split over 2 floors to provides a bright and lively Asian inspired restaurant and cocktail bar on the ground floor with additional storage space at the rear of the first floor.

There is a separate entrance, hallway and stairs access to the 6 one bedroom studio apartments overhead, the apartments have a high BER rating and have been fitted out to a very high standard to include timber flooring throughout, fitted kitchens with tiled splashback and white goods, open plan living rooms with modern tiled bathrooms with new sanitary wear and walk in showers.

LOCATION

This mixed use investment property is  located on the east side of Aungier Street, close to the junction of Bow Lane East and the Dublin Business School and ABC College, which adjoin Bow Lane East and Longford Street Lower.

South Dublin city centre is a very popular with the young professional rental market given the excellent choice of shopping facilities in the nearby vacinity, including ST. Stephens Green Shopping Centre, Grafton Street and a host of popular cafes/bars and restaurants, gyms, public parks and amenities and excellent public transport network.

It is within a short walking distance from Newstalk, Dunnes Stores Head office, Financial Services Union, Dublin Castle, the Royal College of Surgeons and Trinity College and a short commute by bicycle, public transport from the Central Business District in Dublin 2 and the Irish Financial Services Centre.

This part of Dublin 2 is very popular with the Dublin food scene and there is a steady footfall of customers visiting a host of very popular cafes, bars and restaurants located along the street and the infamous €Golden Mile€TMwhich runs from Dame Street up to Camden Street.

Some of the adjoining occupiers include the DBS Dublin Business School, LIDL, the Bald Barista, Thomas Moore Inn and guesthouse, Capitol Bar, Swan Bar, and the Carmelite Community Centre.

DESCRIPTION

The Big Fan restaurant has been fitted out to a very high standard to include floor to ceiling height shopfront windows with a side entrance and large signage and feature branded canopy overhead.

The upper floors have a modern redbrick faé§ade with 2 large windows on every floor.

This unique faé§ade attracts attention and draws customers into this bright and spacious lively Asian inspires restaurant and cocktail bar. The interior fit out includes a marble floor with timber wall panelling with spot lights and downlights with a large neon lights with a welcome sign and the namesake big fans hanging from the ceiling.

There is a fully fitted state of the art gallery kitchen at the rear of the restaurant with ladies, gents and invalid toilets located at the rear of the property. There is an internal stairway leading from the rear of the kitchen to the first floor back of house area that includes a store room, cold room and plant area.

There is a separate entrance to the 6 overhead studio apartments and these apartments have been recently refurbished to a very high standard of fit out to include plastered and painted walls, timber flooring throughout, air conditioning cassettes, suspended light fittings, black out blinds, a modern fitted kitchen with tiled splashback and new hob oven, fridge/ freezer and kitchen cabinets.

There are fitted slide robes in the bedrooms and tiled bathrooms with walk in power showers, new mirrors, toilets and sanitary ware.

These studio apartments have been fitted out to a very high standard to appeal to the young professional rental market and there should be very strong rental interest in the apartments should any become available to rent.

There is a total passing rent of ‘¬188,420 p.a. from the established award winning restaurant and modern apartments overhead.

Lease

The restaurant has been rented out to Boazi Ltd. Which trades as Big Fan on a 35 year Lease from 11th July 2005 with open market rent reviews every 5 years.

With is colourful décor, bright lights and a loud, lively atmosphere, BIGFAN is Big Fun, so start with a cocktail, tick plenty of dishes on the list on your table, tuck in and enjoy. The authentic small plates take their influences from China and Taiwan; so expect dumplings, bao buns and xiao chi all delivering a wonderful freshness and generosity. The traditional ‘Couples Beef’, for instance, utilising overlooked offal ingredients, uses a brilliantly judged combination of condiments to elevate the produce. It’s all excellent value for money and the efficient service team are a delight.

Unit                                    Current Rent

Apartment 1A                 23,940 euro p.a.

Apartment 1B                 22,200 euro p.a.

Apartment 2A                 23,940 euro p.a.

Apartment 2B                 23,940 euro p.a.

Apartment 3A                 23,940 euro p.a.

Apartment 3B                          22,200 euro p.a.

Restaurant €”

Boazi Ltd. t/a The Big Fan          50,000 euro p.a.

TOTAL RENT                              188,420 euro p.a.

Title

The property is held under a 999 year Lease from 25th March 1799

Zoning

The property is zoned Z5: City Centre under the Dublin City Development Plan 2022 €” to consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity

Accommodation

We have set out below our understanding of the building€TM approx. floor areas. Unit

       SQM SQFT

Ground Floor Restaurant         99 1,067

First Floor Restaurant Storage 25.8    278

Apartment 1A 38.8    418

Apartment 1B 34.8     375

Apartment 2A 38.8     418

Apartment 2B 26.6     287

Apartment 3A 39.4     425

Apartment 3B 26.6     287

TOTAL          330.4             3,555