7 D’Olier Street, Dublin 2
7 D’Olier Street, Dublin 2
Price
€1,550,000
Type
Commercial
Status
For Sale
Size
505 sq.m.
Description
7 D'OLIER STREET - DUBLIN 2
FOR SALE - MIXED USE PROPERTY - RESIDENTIAL OPPORTUNITY (SPP)
Quantum Property Consultants are delighted to bring to the market 7 D'Olier Street, an exceptional opportunity to acquire a prime mixed-use property in the heart of Dublin city centre. Located just 50 meters from O'Connell Street and Temple Bar, the property offers an attractive blend of commercial and office / residential potential subject to the necessary planning permission.
The discerning buyer may look at the exceptional opportunity to convert these upper floor offices into residential use.
7 D'Olier Street comprises a five storey over basement mid terrace period property. The property incorporates retail use at ground floor level together with an office, storage facilities, a kitchenette and toilet facilities located at basement level. The ground floor retail unit has excellent display frontage on to D'Olier Street, one of Dublin's premier streets.
The retail and basement are let to Piercer Charlie, the leading piercer and design jewelry retailer in Dublin city, on a 10-year lease with 5 years remaining. The current rent is EUR 45,000 per annum.
The upper floors, which have just completed a full painting, decorating and flooring renovation, are in office use currently and are divided into one to three offices per floor. They are bright, spacious
and airy and also benefit from excellent natural light coming into the well-lit hallway and stairwells throughout the building.
The third floor accommodates a tea station and has ladies' and gents' toilet facilities with the fourth floor in use as offices. The offices benefit from a mix of Georgian period features and modern
specifications. Also, a new roof was fitted in 2016.
The property is listed as a protected building in the Record of Protected Structures and D'Olier Street is within an Architectural Conservation Area under the Dublin City Development Plan.
Mixed-Use Investment:
Ground floor and basement leased to a thriving Piercing Studio, currently generating EUR 45,000 per annum, with five years remaining on the lease. The unit is valued at approximately EUR 600,000.
Current Upper Floor Layout: 8 Offices, kitchenette, and toilets.
Total Gross Internal Area: 505 Sq. Mtr.
Recent Refurbishment:
- In 2024, Entire Upper Floors Walls Sanded, Freshly Painted and Decorated with New Flooring throughout. - New Roof Installed 2016.
Development Potential:
- Ideal for existing Office Use or Conversion to Residential Use, subject to planning permission
Possible Grants Available:
- Vacant Property Refurbishment Grant EUR 50,000
- Conservation Grant Funding Up to EUR 200,000
- Built Heritage Investment Scheme
- Fantastic opportunity for investors or owner-occupiers looking to maximize value
- Buyers to Satisfy Themselves
Prime Location:
High-footfall area in Dublin 2, minutes from all key City Centre attractions and transport links, with the Green Luas at Westmoreland literally on its doorstep.