149 Francis Street,
Property Overview
- Features
- Location
149 Francis Street is a recorded protected structure, prominently positioned at the junction of Thomas Street and Francis Street. The property comprises a four storey over basement mixed use building extending to approximately 3,894 sq.ft NIA,presenting a distinctive profile on this key city centre corner site. Originally constructed as a bank, the building has been thoroughly refurbished over the years, with significant works including new fire safety systems and the development of a contemporary penthouse office suite extending to 732 sq.ft (NIA). The upper floors, comprising approximately 2,449 sq.ft of modern, open-plan office accommodation with excellent natural light, are fully occupied by Pascal + Watson, Good Travel Software, and Architectural Farm (as subtenant).
TITLE
We understand that the property is held under a Long leasehold.
ZONING
This property is zoned as Zone Z5: City Centre – “to consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity” under the Dublin City Council Development Plan 2022.
BER
Exempt
PRICE
Guiding €1,850,000 exclusive representing a net initial yield of 6.43% or €475 per sq.ft
149 Francis Street is a recorded protected structure, prominently positioned at the junction of Thomas Street and Francis Street. The property comprises a four storey over basement mixed use building extending to approximately 3,894 sq.ft NIA,presenting a distinctive profile on this key city centre corner
149 Francis Street is a recorded protected structure, prominently positioned at the junction of Thomas Street and Francis Street. The property comprises a four storey over basement mixed use building extending to approximately 3,894 sq.ft NIA,presenting a distinctive profile on this key city centre corner site. Originally constructed as a bank, the building has been thoroughly refurbished over the years, with significant works including new fire safety systems and the development of a contemporary penthouse office suite extending to 732 sq.ft (NIA). The upper floors, comprising approximately 2,449 sq.ft of modern, open-plan office accommodation with excellent natural light, are fully occupied by Pascal + Watson, Good Travel Software, and Architectural Farm (as subtenant).
TITLE
We understand that the property is held under a Long leasehold.
ZONING
This property is zoned as Zone Z5: City Centre – “to consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity” under the Dublin City Council Development Plan 2022.
BER
Exempt
PRICE
Guiding €1,850,000 exclusive representing a net initial yield of 6.43% or €475 per sq.ft
- Excellent high profile mixed use investment in the heart of the Dublin 8, prominently sited at the corner of Thomas Street and Francis Street
- The ground floor is leased to Michelin-starred restaurant ‘Variety Jones’ on a 20-year lease from June 2022, at a passing rent of €50,000 per annum
- The property is generating a total rental income of €130,869 per annum
- Guide price of €1,850,000 which equates to a NIY of 6.43%
- WAULT of 8.7 years
- Tenants not affected
Excellent high profile mixed use investment situated at the heart of The Liberties, one of Dublin’s most historic and rapidly evolving districts, the property benefits
from exceptional visibility and connectivity.
Less than 1km from Dublin City Centre and within 100m of Vicar Street music venue Surrounded by art galleries, antique shops, and major cultural landmarks including St Patrick’s Cathedral and the Irish Museum of Modern Art Within 500m of the National College of Art and Design (NCAD) 100m from the historic Iveagh Markets, due to undergo major refurbishment A major catalyst for further value growth is the Guinness Quarter Regeneration Project at St James’s Gate: a 12-acre transformation introducing residential, hospitality, cultural, and commercial uses.
149 Francis Street benefits from excellent public transport connectivity, with multiple Dublin Bus routes servicing stops within a minute’s walk.
Excellent high profile mixed use investment situated at the heart of The Liberties, one of Dublin’s most historic and rapidly evolving districts, the property benefits from exceptional visibility and connectivity. Less than 1km from Dublin City Centre and within 100m of Vicar Street music venue Surrounded
Excellent high profile mixed use investment situated at the heart of The Liberties, one of Dublin’s most historic and rapidly evolving districts, the property benefits
from exceptional visibility and connectivity.
Less than 1km from Dublin City Centre and within 100m of Vicar Street music venue Surrounded by art galleries, antique shops, and major cultural landmarks including St Patrick’s Cathedral and the Irish Museum of Modern Art Within 500m of the National College of Art and Design (NCAD) 100m from the historic Iveagh Markets, due to undergo major refurbishment A major catalyst for further value growth is the Guinness Quarter Regeneration Project at St James’s Gate: a 12-acre transformation introducing residential, hospitality, cultural, and commercial uses.
149 Francis Street benefits from excellent public transport connectivity, with multiple Dublin Bus routes servicing stops within a minute’s walk.
Accommodation
Accmodation | Tenant | Area Sq.Ft | Start Date | Rent Review | Lease End | Rent P.A |
---|---|---|---|---|---|---|
Ground Floor & Basement | Variety Jones | 1,445 | 01/06/2022 | 01/06/2027 | 31/05/2042 | €50,000 |
1st Floor | Good Travel Software | 954 | 12/05/2025 | n/a | 11/05/2028 | €36,000 |
2nd Floor | Pascal and Watson | 764 | 01/07/2025 | n/a | 30/06/2030 | €22,919 |
3rd Floor | Pascal and Watson ( Architectural Firm) | 732 | 01/07/2025 | n/a | 30/06/2030 | €21,950 |
TOTAL | 3,894 | €130,869 |
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