45/47 Henry Street, Dublin 1

Sold

45/47 Henry Street, Dublin 1

PRIME NEWLY RATED B3 – HIGH STREET RETAIL INVESTMENT

A unique opportunity to acquire a best-in-class “B3 Energy Rated” retail asset in the centre of North Dublin’s most prominent retail street at a key inflection point in the market.
One of the finest units on Henry Street
5A2 tenant in occupation since 2014 @ current passing rent of €728,000 p.a.
6.26 years term certain and 11.26 years until expiry
20,763 sq. ft. over 4 floors with 13,500 sq. ft. trading NIA ground and first floor
High quality tenant-fitout supporting excellent B3 BER rating
Approx. 22 metres of frontage onto Henry Street
Strong tenant covenant with Spanish parent company guarantee (5A2)

Location

Henry St is one of the two key high streets in Dublin. It serves as a mid-tier retail counterpoint to Grafton Street higher end brands.

It benefits from thriving value lead anchors stores like Penney’s, Dunnes and Arnott’s. It is easily accessible by both public and private transport with service from both Luas red and green line as well as a short walk away from the Connolly dart station. It is serviced by major city car park including The Ilac and Arnott’s Car Park which are both in close proximity to the subject property.

No.45-47 is located in a pivotal position between Arnott’s, the redeveloped Clery’s Department Store and directly adjacent the largest Dunnes Stores in Ireland.

Description

45/47 Henry Street is a 4 storey over basement retail unit which extends to 20,763 sqft. Its is an exceptionally well fitted unit with a strong B3 BER rating. Unlike many properties on the street the entire premises is being fully utilised by the single occupational tenant. This includes one of the best ground and first trading floor plates on the street, quality basement and second floor storage with ancillary staff areas on the third floor.

BER