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Grand Canal Hotel,Grand Canal Street Upper,Dublin 4, Ballsbridge, Dublin 4


Type
Apartment

Status
Sale Agreed

BEDROOMS
2

BATHROOMS
2

Size
45 sq.m.

BER
BER
D1
BER No: 800984163
EPI: 0 kWh/m2/yr

Description

***GREAT INVESTMENT OPPORTUNITY IN PRIME LOCATION***

For sale by Kelly Bradshaw Dalton Ltd via the iamsold Bidding Platform

Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit www.iamsold.ie.

Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.

The subject investment package consists Two En-Suite Hotel Bedrooms plus a Designated Parking Space which is Let to an Established Hotel Operator On A 35 Year Lease From 2003 Net Rent 19,000p.a. With 5 Year Upward Only Rent Reviews
No Annual Management Charges
Good Tenant Covenant

The Grand Canal Hotel**** is regarded as one of the best located hotels in Dublin City Centre and is situated in leafy Ballsbridge. It is within close proximity of bars, restaurants, parks and within striking distance of The IFSC, Convention Centre, Three Arena and the Central Business District. The hotel is within very easy access of the Dart at the Grand Canal Dock and Spencer Dock Luas stop. It is also within easy access of Dublin Airport and the main Bus and Rail stations.
Accommodation
Each of the rooms are designed to ensure your comfort with an array of amenities that include complimentary Lavazza Coffee Machines, refreshing mineral water upon arrival, luxurious Rituals toiletries, high-speed Wi-Fi and smart TV for your entertainment.

Features
Fully Equipped Gym
Complimentary Wi-Fi
Tea/Coffee Making Facilities
24 Hour Room Service
En-Suite With Bath & Power Shower
Work Desk Direct Dial Phone In Room
Safe Ironing Station
Hair Dryer

Directions
Located next to the Grand Canal and within easy walking distance of Grafton Street, this 4-Star hotel is perfectly located for your Dublin getaway The hotel is minutes from the The Aviva Stadium, Bord Gais Energy Theatre, RDS, and 3 Arena.

Viewing Details
Restricted viewing by appointment only

Investment Feature
Two En-Suite Hotel Bedrooms plus a Designated Parking Space Let to an Established Hotel Operator On A 35 Year Lease From 2003 Net Rent 19,000p.a. With 5 Year Upward Only Rent Reviews No Annual Management Charges Good Tenant Covenant

Tenancy
The entire property is at present let to South Bay Ltd. for a term of 35 years from 2003 at a current net rent of 19,000 per annum exclusive of rates. The lease provides for full repairing and insuring covenants. We understand the interest of South Bay Hotels Limited has been sub-let to McEniffs Grand Canal Hotel Limited whose interest is guaranteed by McEniffs Bundoran Limited and Brian McEniff. This sub-lease relates to the entire of the premises known as Grand Canal Hotel.