Bar Italia, 26 Ormond Quay Lower, North City, Dublin, Ireland

Details

The Property The unit comprises a restaurant premises with corner profile which recently underwent an attractive refurbishment by JDDG Architects. There is a 25-year lease in place from August 2004 (eight years remaining) to Acrobat Catering, with five-yearly upwards-only rent reviews and a rent of €91,224 per annum. The Management Company is Quartiere Bloom Management Company Ltd.

A Vibrant Location Located on Ormond Quay Lower overlooking the River Liffey, this property is in a pivotal position in the heart of Dublin City Centre. The Millennium Walkway is a vibrant restaurant quarter in the heart of Dublin’s City Centre, which benefits from excellent accessibility immediately beside the LUAS Red Line’s Jervis Station Shop. The area is characterised by a number of busy eateries, with adjoining occupiers including Koh, Wokin Noodle Bar, Lemon Jelly, Insomnia and Boojum. The area further benefits from proximity to a large number of nearby corporate occupiers. Major amenities within a five minute walking distance include Dublin’s tourist hub, Temple Bar, together with O’Connell Street and Henry Street; one of Dublin’s most successful shopping destinations. The area is a bustling and vibrant hub, with a high pedestrian footfall due to its strategic location between Jervis Shopping Centre and the LUAS stop, the Millennium Bridge and Temple Bar. The property is also within a few minutes’ walk from the Ilac Shopping Centre, Henry Street and O’Connell Street.

Award Winning Tenant For 22 years, the high-end operation Bar Italia has been one of Dublin’s top rated Italian restaurants.

INVESTMENT HIGHLIGHTS Floor area: c.214.53 sq m / 2,308 sq ft Car Parking: 1 car space Lease: 25 years from 2004 (expiry 2029) Annual Rent: €91,224 (paid up to date as of May 2021) Annual Rates: €11,256 per annum