5 Talbot Street, Dublin 1 Dublin 1

This is a good opportunity to acquire a high profile self contained restaurant premises that is located in Dublin City Centre, less than 175 meters from O’Connell Street and the Spire.

 

Estimated Rental Value 70,000 p.a. euro

Commercial Rates approx. 13,000 p.a. euro

Building Insurance approx. 2,000 p.a. euro

Total Rent 85,000 p.a. euro

There is a gas and electricity meter and the tenant is responsible for paying for their own gas, electricity and waste collection.

 

Schedule Of Accommodation

Ground Floor 168.60 sq.m. (1,815 sq.ft.)               Service Area 83.70 sq.m. (901 sq.ft.) Seating Area 65.80 sq.m (708 sq.ft.)

Basement 77.20 sq.m. (831 sq.ft.)

 

DESCRIPTION

5 Talbot Street has a high profile 6.3 meter wide shop front facing onto Talbot Street, the ground floor comprises a large self-contained ground floor restaurant; the kitchen, invalid toilet and store rooms are located at the rear of the property with side lane access for fire escape and delivery purposes. There is an internal staircase leading to the basement and back of house storage with ladies and gents bathroom facilities and staff changing room and store room. There is a double window display with a central entrance door at street level with good floor to ceiling height in the ground floor and basement floors with a side internal staircase to the west of the property. There is a separate entrance to the recently refurbished B rated apartments overhead. The landlord has installed fire resistant ceiling slabs and left the unit in shell and core condition, ready for tenant fit out works.

 

LOCATION

This restaurant property is conveniently located less than 175 meters walking distance to the east of the Spire on O’Connell Street via North Earl Street, Dublin’s main thoroughfare. This is a busy retail and pedestrian thoroughfare that links Connolly Train station to the main north side shopping streets of O’Connell Street and Henry Street. The subject property benefits from excellent public transport and is located less than 200 meters from 2 LUAS lines, less 400 meters from Busarus Bus Station (Dublin’s main national bus station for National Express and Aircoach) less than 550 meters from Connolly Train / DART Station and LUAS Terminus and a host of Dublin Bus routes and Air Coach on O’Connell Street, Amien Street and the Quays.

Number 5 Talbot Street is located on the north east side of Talbot Street close to the junction of Marlborough Street, which is only 40 meters to the immediate west of the property. There are a host of Guesthouses, BnBs and several hotels located close to this public transport hub including the Address Connolly (McGettigans), Beresford Hotel, Ripley Court, Moxy etc. There are also several large offices and OPW (Office of Public Works) offices located in this area including Irish Water, Independent Newspapers, DCC Citizens Information Centre, Health & Safety Authority, LYCS Community Training Centre as well as the Steelworks office development on Foley Street.

The property is less than 500 meters from the IFSC (Irish Financial Services Centre) and CHQ Building. This is a busy retail street and some of the adjoining occupiers include Carrolls, LIDL, Tesco Express, Guineys, Starbucks and Gerry Keane Wallpaper. 5 Talbot Street is only a few minutes walking distance from the LUAS, Aircoach and a host of bus stops. This high profile shop is located along a terrace of high profile retail units that are located between Marlborough Street and Gardiner Street. The surrounding area has an excellent passing trade and this footfall has improved since the arrival of the LUAS, which has brought additional commuters from the LUAS Cross City line from St. Stephen’s Green and south Dublin and also from north Dublin DIT Grangegorman College Campus and Broadstone.

The north inner city is thriving and the area is continuing to improve following the arrival of the LUAS and refurbishment works to O’Connell street. On the east side of O’Connell Street the Gresham Hotel and the Holiday Inn Express continue to attract large numbers of tourists and visitors to the street. On the West side of O’Connell Street the GPO had a significant refurbishment and office staff moved to the Exo Building at Point Village. We understand that the Carlton Cinema and Moore Street site is also set for large scale redevelopment by Hammerson in the immediate future. We also understand that the Clerys development is due for completion in 2024, which will see the arrival of another large 200 bedroom hotel, 60,000 sq.ft. office, rooftop restaurant and café/restaurant units facing O’Connell Street. Some of the retail units have already been reserved for Flannells and Zara.