LOCATION
No. 7 Sussex Terrace is located adjacent to the Grand Canal at Leeson Street Bridge and within easy walking distance of the City Centre and Upper Baggot Street where all day-to-day amenities are available.


The surrounding area is of mixed use and there are a number of office developments recently completed nearby and while the potential re-development of the Burlington Hotel will further enhance the area.


Public transport to the area is good with a bus service along Leeson Street, while the closest Luas is at Charlemont, only 5 minutes walk away.


DESCRIPTION
The property comprises an end of terrace building with car showrooms at ground floor with two 1 bedroom apartments overhead, each with their own separate access.


The adjoining property, which is currently under construction, comprises a four storey structure providing retail at ground floor with apartments overhead.


LEASE DETAILS
The ground floor showrooms are leased to Chris Fleming Cars Ltd for 35 years from 1st July 1984 incorporating five year rent reviews.  The current passing rent is €55,000 per annum.


 The two 1 bedroom apartments at first floor level offer a potential annual income of €28,800.


TITLE - Part Freehold/Part Leasehold
VAT - Any VAT liability that may arise will be the responsibility of the purchaser(s).



ACCOMMODATION       SQM
Ground Floor                       166
Apartment A                        59 (excluding balcony 1,559 sqm)
Apartment B                        40 (excluding balcony 1,559 sqm)




VIEWING
Strictly by Appointment with the joint selling agents.


JOINT AGENTS



EOIN DEERING                      KNIGHT FRANK GANLY WALTERS
Eoin Deering                                Mark Smyth (Development Department)
Tel: 01-6718188                         Aaron Sherlock (Investment Department)
                                                   Tel: 01- 662 3255




                                                                             



 




 


MS/AS