Business

Wednesday 26 April 2017

A thing of beauty for €2.65m on one of Dublin 4's finest roads

No 1 St Mary’s Road
No 1 St Mary’s Road
Ronald Quinlan

Ronald Quinlan

Colliers International are guiding a price in excess of €2.65m for a stunning Victorian period property and coach house on one of the most sought after roads in Dublin 4.

Numbers 1 & 1A St Mary's Road are being offered to the market in two lots of the entire.

Lot one - Number 1 St Mary's Road - is let to Paula Callan, trading as 'Callan & Co, The Experience' on a new 21-year lease from January 2016 at a rent of €90,000 per annum until January 2021, at which point the rent will increase to €97,500 per annum with open market rent reviews applying thereafter.

There are just under 11 years unexpired until the break option in December 2027. The building comprises a net internal area of over 2,000 sq ft over two floors and is available for sale individually for a guide price in excess of €1.7m.

The Coach House
The Coach House

Number 1 is a fine example of a Victorian building. Formally occupied by the well-known restaurant, Marcels, the property is in immaculate condition, having undergone an extensive fit-out by the current tenant, with an emphasis on luxury and design. The entire building has been meticulously transformed by Paula Callan, who is widely regarded as a market leader in the field of beauty.

Lot two - The Coach House - is a charming two-bedroom Victorian period redbrick property. Ideally located, the property offers spacious and well-presented accommodation over two levels and extends to 860 sq ft. It is further enhanced by a private city garden and off-street parking for up to three cars behind electronic gates. The Coach House is available for sale individually for a guide price of over €950,000 and has full planning permission for an extension of 615 sq ft.

Located within a short walk of both Ballsbridge and Donnybrook, the property is near Herbert Park, the RDS show grounds, Aviva Stadium and Fitzwilliam Lawn Tennis Club. The area is also home to a range of high-profile office occupiers including Bank of Ireland, Sky and LinkedIn.

Colliers International director Michelle McGarry says: "This is a rare opportunity for an investor to acquire a prime piece of real estate in Dublin 4.

"With long term income from both Callan & Co and the Coach House, we expect strong interest."

Sunday Independent

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