Agent Lisney is projecting a selling cost of €2.75 million for the property at 16 Aungier Street, ideally situated in the south city centre of Dublin, not far from the intersection of South Great George’s Street. The property in question is a four-storey, mid-terrace building, occupying 330sq m (3,555sq ft), with a ground-floor filled by a restaurant and six bedrooms. As it stands, the property is fully occupied, generating an overall annual rent of €188,420.
Occupying the ground-floor is Bigfan, a favoured Chinese restaurant that pulls in €50,000 per year in rent. Boasting an impressive online presence, it has accumulated over 19,000 Instagram followers and recognition in the Michelin Guide. The building also contains self-contained flats on the upper floors, distinct from the restaurant, which have all been significantly renovated recently. These residential areas generate an annual rent of €138,420.
Connections to public transport— such as the Luas green line stops at St Stephen’s Green and Harcourt Street, as well as various Dublin Bus routes — contribute to the prime location of 16 Aungier Street in the heart of Dublin city centre.
Representatives from Lisney, Thomas Byrne and Alannah Kennedy, expect a high level of interest from prospective investors due to its prime city centre location, steady income, and the established tenant on the ground floor.