Investment Sale (Tenant Not Affected): Ground Floor Restaurant with Basement Karaoke Bar producing 78,000 p.a held under a 25 year lease from 1st November 2006. The Ground Floor extends to 141 sq m and the basement which is accessed internally and extends over 121/122 Capel Street is approximately 246 sq m.
Property / Demise: Ground Floor & Basement of 121 Capel Street. Basement only of 122 Capel Street
Lease Dated: 1st November 2006
Term: 25 Years
Rent: * 100,008 per annum (plus VAT)
*We are informed that a rent
reduction to 78,000 per annum
has been put in place
The subject property is laid out as a restaurant at ground floor level with a karaoke bar and kitchen space at basement level. The ground floor extends over 121 Capel Street and the basement over the entire of 121 and 122 Capel Street.