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Room 329, The Grand Canal Hotel, Canal Street, Ballsbri...€85,000

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Description

The Grand Canal Hotel is regarded as one of the best located hotels in Dublin City Centre and is situated in leafy Ballsbridge. It is within close proximity of bars, restaurants, parks and within striking distance of The IFSC, Convention Centre, Three Arena and the Central Business District.

The hotel is within very easy access of the Dart at the Grand Canal Dock and Spencer Dock Luas stop. It is also within easy access of Dublin Airport and the main Bus and Rail stations.

Features

Complimentary Wi-Fi
Tea/Coffee Making Facilities
24 Hour Room Service
En-Suite With Bath & Power Shower
Work Desk
Direct Dial Phone
In Room Safe
Ironing Station
Hair Dryer

Investment Highlights

One Individual En-Suite Hotel Bedroom
Let to an Established Hotel Operator On A 35 Year Lease From 2003
Gross Rent €6,657 p.a.
No Annual Management Charges
Good Tenant Covenant

Tenancy

The entire property is at present let to South Bay Ltd. for a term of 35 years from 2003 at a current gross rent of €6,657 per annum exclusive of rates. The lease provides for full repairing and insuring covenants.

We understand the interest of South Bay Hotels Limited has been sub-let to McEniffs Grand Canal Hotel Limited whose interest is guaranteed by McEniffs Bundoran Limited and Brian McEniff. This sub-lease relates to the entire of the premises known as Grand Canal Hotel.

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