Categories: Investment.
Property status:
For Sale
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  • Overview

    • Summary

      • The Bull Ring is located on Meath Street close to its junctions with Engine Alley and Carman’s Hall.
      • Guide Price – €2,600,000 plus VAT
      • NIY of 8.22% after standard acquisition costs
      • Approx. 799.80 sq.m. (8,609 sq.ft.) NIA
  • Details

    • Location

      The property is located on the sunny (eastern) side of Meath Street in heart of The Liberties, approximately 1km southwest of St Stephen’s Green.

      Meath Street, one of Dublin’s most characterful streets runs from the Coombe to Thomas Street and is parallel with Francis Street. It offers an eclectic mix of traditional traders and newer, cool cafés and restaurants. It is a convenient and exciting office location with easy access to the city centre.

      This area is known as the Liberties and is a renowned market area that has seen significant development in the last five years. Traditionally  associated  with  market  traders, local family-owned businesses as well as whiskey distilling, it is now  a centre of enterprise, innovation,  art, design, leisure,  entertainment and commercial life. It is the home of the tech and media hub as well as medical and education centres.

      The extensive regeneration of the Liberties includes the Meath Street & Environs Public Realm Improvement Project announced in July 2021. This will include substantially widened footpaths providing improved pedestrian experience as well as opportunities for on street uses such as outdoor seating area and market stalls, new trees, new landscaped areas, and public seating.

      Time Out magazine cited the area as one of the coolest neighbourhoods in the world last year and a recent  global wealth report included Dublin 8 alongside four other global neighbourhoods in a list “primed for prosperity” in terms of income growth potential and overall values.

      Large scale developments in the immediate area include the National Children’s Hospital and a number of new hotels, apartment schemes, student accommodation and the regeneration of retail and services offerings. The planned redevelopment of a large tranche of the St. James’ Gate Guinness site will further enhance the area’s reputation as the most exciting Dublin location to live, work or invest.

      The  area  is  well  served  by  public  transport  with  numerous  Dublin Bus routes, Dublin Bike depots, Heuston Rail Station and the Red Luas line.

    • Description

      A modern three-storey, purpose-built commercial block, the Bull Ring has two retail units on the ground floor and two floors of offices overhead.

      The ground floor includes Tasty 8 Café/ Restaurant and Jungle Brazilian Jiu-Jitsu training centre and shop.

      The first-floor offices offer an asset management opportunity as they are currently vacant and have recently been redecorated and re-carpeted.

      The second-floor offices are occupied by Renaissance Engineering Ltd.

      The offices have separate access and an 8-person lift serving both floors. There is a shared, seated terrace and bike store at second floor level.

      Office specification includes raised access floors, exposed ceilings, Daikin HRV air conditioning system, fully cabled and a useful mix of open plan and cellular space.

    • Tenancy

      Unit Tenant Term Commence Rent Review / End Rent (Ex VAT)
      Ground 67/68 Individual T/A Tasty 8 10 years 13/03/17 13/03/22 €36,000
      Ground 69/70 Jungle Sports Ltd. 10 years 15/08/19 15/08/24 €59,000
      First Floor Vacant n/a n/a n/a €100,000 (ERV)
      Second Floor Renaissance Engineering Ltd. 5 years 1/11/20 1/11/25 €40,000
  • Financials

    • Price

  • Contact