Location The subject property is well located on the corner of Lower Gardiner Street and Frenchman’s Lane. The immediate surroundings are a hive of activity, with two of Dublin's most renowned hostels, Paddy's Palace and Isaacs Backpacker Hostel, located on either side of the subject property making it an ideal café location. The area will be further enhanced by the future redevelopment of the Dublin Central site which is bound by Moore Street, Henry Street, O’Connell Street and Parnell Street.
Description The property is arranged over ground and first floors to comprise a two storey retail premise extending to approximately 144 sq. m (1,550 sq. ft). Externally the property is finished in a brick façade and has dual frontage and access onto Lower Gardiner Street and Frenchman’s Lane. The unit benefits from a covered external ground floor terrace fronting on the Lower Gardiner Street.
Tenancy The property is let to Individuals T/A The Art Café under a 35 year term from 01.06.2012, at a current rent of €48,000 p.a.x. The rent is subject to open market reviews every three years, and the lease provides for full repairing and insuring covenants.