Salamanca restaurant building for sale for €2.8m

Offers in excess of €2.8 million are being sought for the high profile Salamanca restaurant building next to the former St Andrew’s Church at 1 Andrew Street, Dublin 2.

Agents Bagnall Doyle McMahon are handling the sale of the 443sq m four storey over basement building which is noted for its natural light throughout the ground floor as a result of its return frontage alongside the church grounds.

The distinctive building is held on a 25-year lease from March 2014 with five yearly rent reviews. The first review scheduled for March, 2019, will be linked to the Consumer Price Index. Subsequent reviews are to market rent. The current rent is €155,000. The tenant has a break option in 2029 and 2034, giving an investor12 years of uninterrupted rent.