57 & 58 Moore Street
Dublin 1
For Sale
Guide Price €1,650,000
Property Highlights
- City Centre Retail Investment
- Three Storey Over Basement
- Approximately 823 sq.m. (8,860 sq.ft.)
- Let to Eurogiant
- Passing Rent €140,000 per annum
- Lease Expiry April 2026
- Guide Price €1,650,000 exclusive
- NIY 7.72%
- Capital Value €186 per sq.ft.
Property Location
The property is located on the western side of Moore Street in a prime retail location just meters from Henry Street. Moore Street is a busy thoroughfare which links Henry Street with Parnell Street bordering the Ilac Centre.
The area is renowned for its age-old fruit and vegetable market and historic buildings which were linked to the 1916 Easter Rising.
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. Access to the area is excellent, numerous bus routes serve the area and the O’Connell GPO Luas is located approximately 250m from the property.
Property Description
The subject property comprises an attractive mid-terraced building arranged over basement, ground, first and second floors. The entire extends to approximately 823 sq.m. (8,860 sq.ft.).
The property is utilised as a retail unit at ground floor level with ancillary storage, office and staff accommodation and provided at basement, first and second floor levels. There is a secure goods yard and delivery area to rear accessed via Sampsons Lane off Moore Street.
Lease Terms
The subject property is let in its entirety to Eurogiant on a Full Repairing & Insuring Lease for a term of 35 years from 23rd April 1991 with lease expiry in April 2026 at an annual passing rent of €140,000 per annum.
Town Planning
The property is Zoned Z5 ‘City Centre’ within the Dublin City Development Plan 2022-2028. The objective of this Zoning is ‘To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity.’ As per the Development Plan, ‘a mix of uses should occur both vertically through the floors of buildings as well as horizontally along the street frontage.
A general mix of uses, e.g. retail, commercial, residential, will be desirable throughout the
area and active, vibrant ground floor uses promoted.
A sample of Permissible Uses include
• Residential
• Hostel (Tourist)
• Hotel
• Restaurant
• Office
• Medical
• Education
The property is not recorded as a Protected Structure within the Dublin City Council Record of Protected Structures.
Property Size/Area
Approximately 823 sq.m. (8,860 sq.ft.)Property Status
For SaleBER Details
Property Location
Documents
QRE Contacts
Bryan Garry
MRICS MSCSI
Director Investment
Bryan has over 13 years of experience in the Irish commercial property market. As Director of the In... View More
+353 83 391 8649
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Jonathan Donnelly
Surveyor
Jonathan joined QRE in 2021, after graduating from Technological University Dublin with a BSc (Hons)... View More
+353 87 701 8812
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