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Crafted by 4Property.

30 – 31 Francis Street, Dublin 8


Price
€2,500,000

Type
Commercial

Status
For Sale

BER
BER
D1

BER No: 800170540
EPI: 478.51 kWh/m2/yr

Area
674 sq.m.

Description

Quantum Property Consultants brings this excellent investment property to the market. The
investment produces a total income of 175,000 pa giving a Gross Yield of 7% (NIY 6.4% After
Standard Purchase Costs of 9.96%) with the potential to benefit from reversionary income with
an overdue rent review. Market rent in our opinion is approximately 185,000 pa. Tenancy details are
available on request.

No 30 " 31 is a recently refurbished 4 storeys over basement, dual aspect terraced building, and is
primely located on the perimeter of the city centre on Francis Street just off Thomas Street and within
minutesTMwalk to Christchurch and Dame Street.

Yvolve Sports Ltd, a leading toy manufacturer, hold a 10-year IRI lease which commenced in
February 2020, occupy the ground floor and basement levels where there is an entrance hallway
with reception, boardroom, separate meeting room and to the rear, a large recessed open plan
office area. At basement level there is a storage area, another office or meeting room and shower
and toilet facilities.

The first floor and second floors are occupied by Goosebump Ltd; a creative advertising agency
who hold a 10-year IRI lease which commenced in November 2016. The floors are accessed through
a separate street level entrance door. Both floors are generally open planned and feature an internal spiral staircase. There are also glass partitioned meeting rooms and managers offices therein. The floors have their own kitchen and toilet facilities and benefit from a usable fibre glassed roof terrace on the first-floor level.

The third floor is occupied by Not Another Ltd, a management and production company, who hold a 4-year 9-month lease which commenced in February 2022. The 3rd floor is also entered via
the separate ground level entrance. This floor consists of two open planned offices and has its
own toilet and kitchen facilities. There is also a featured open roof terrace located to the rear of
the building.

The building was completely refurbished in 2016 to include new high quality Desso EssenceTMrange
of carpet tiles throughout, sanded and polished wooden floor at ground level range, freshly painted
throughout the building, new fibre glass roofs at patio levels, all electrics and plumbing serviced
and a newly fitted alarm and monitoring system.

Dublin 8
Last year, the inner-city suburb of Dublin 8 was cited as one of the coolest neighbourhoods in
the world by Time Out magazine! According to Knight Frank, Dublin 8, alongside four other
global neighbourhoods, is oerimed for prosperity in terms of income growth potential and overall
values. The agent is forecasting price growth of between 15 and 20 per cent over the coming
five years for the district.

https://www.irishtimes.com/life-and-style/homes-and-property/dublin8-is-primed-for-prosperity-alongside-four-otherglobal-neighbourhoods-1.4823561

Location
The property is located on Francis Street close to its junction with High Street and Thomas Street, less than 1km from Dame Street and 2km to Dublin city centre. The area is a hub of activity with a wide range of amenities in the surrounding area including bars, restaurants, cafes together with Vicar Street (concert venue), The National College of Art & Design (NCAD) and both the Guinness Storehouse and Christ Church, two of DublinTM most famous tourist attractions. The area enjoys good transport links with numerous bus routes serving the area, providing connectivity to the city centre and suburban locations. The Red LUAS line is accessible at Smithfield and St. JamesTM Hospital approximately a 10-minute walk away.

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