65-66 Grafton Street, Dublin 2 | Property for sale | Savills
16,640 sq ft(1,545.91 sq m)
Guide price €18,800,000
Subject to contract / contract denied / tenants not affected

65-66 Grafton StreetDublin 2

  • Sale Agreed
  • Sole agency
  • Freehold
Investment
16,640 sq ft (1,545.91 sq m)

Key features

  • Four storey over basement double fronted retail unit
  • Unexpired lease term of c. 3.6 years to expiry
  • Annual rent of €1,085,000 (GF ITZA of €489 psf)
  • Retail trading area of 760.8 sq m (8,188 sq ft) over ground and first floors
  • Long standing tenant profile with a Grade A covenant (D&B Rating of 5AA3)
  • Exceptional 14.44 metres (approximately) of frontage onto Grafton Street

Flagship retail investment opportunity on Grafton Street

About this property

  • 65-66 Grafton Street marks a rare opportunity for investors to acquire a landmark property on Ireland’s premier shopping street.

    The property is a double fronted, four storey over basement building, extending to approximately 1,546 sq m (16,640 sq ft) to include approx. 4,068 sq ft at ground floor level.

    The ground and first floors are currently in retail use, while the basement and upper floors provide generous storage space.

Local information

  • The property is situated on the prime stretch of the upper end of Grafton Street, adjacent to Chatham Street. Grafton Street is Dublin’s premier shopping destination, located in the heart of the city centre.
  • The street is easily accessible by local transport, including the Luas Green Line (tram) which is just a minute's walk away (St Stephen's Green stop).
  • The immediate area is home to a variety of restaurants, cafes, bars and five star hotels, as well the iconic St Stephen's Green shopping centre and ever-popular St Stephen's Green park.

Additional information

  • 65-66 Grafton Street is let in its entirety to ‘ITX Retail Ireland Limited’, trading as Massimo Dutti, on a 15-year lease from September 2013, with approximately 3.6 years unexpired and a current rent of €1,085,000 per annum. Massimo Dutti is a subsidiary of Inditex, the Spanish multinational group and one of the world's largest and most prominent fashion retailers.

Energy performance

BER rating C2