22 Wicklow Street, Dublin 2POA For Sale 189.50 sqm approx
22 Wicklow Street, Dublin 2 provides for an excellent investment opportunity in Dublin’s City Centre.
The accommodation comprises a four-storey-over-basement mixed use property extending to 189.50 sq m (2,040 sq ft).
K-Nails occupy the retail element on a 20-year FRI lease from February 2019 with a current passing rent €72,000 per annum with a break option in year 10. The office element is let to McGill Planning Limited on a five-year lease from September 2021 at a current passing rent of €35,000 per annum.
Total current passing income of €107,000 p/a with the property benefiting from Freehold Title.
The property is located within Dublin City Centre on the northern side of Wicklow Street, one minutes’ walk from Grafton Street and is very much in the heart of Dublin City Centre. Neighbouring occupiers include Louis Vuitton, Brown Thomas, Weir and Sons and River Island
Selling agents Cushman & Wakefield are seeking bids in excess of €1,500,000 on the property which represents a net initial yield of approximately 6.49% assuming standard purchasers' costs of 9.96%