45 Henry Street, Dublin 1 For Sale Investment

45 Henry Street is a 4 storey over basement property with the ground, basement and part first floor being offered for sale. The property is a double fronted retail unit and extends to approx. 371 sq m (3,984 sq ft) NIA which includes 222 sq m (2,378 sq ft) NIA of ground floor area. The unit has
approx. 11.1 m of frontage on to Henry Street and is fitted out as retail accommodation / storage at ground floor level with canteen facilities and office on the first floor. The fit out is bespoke to
Holland & Barrett and includes suspended ceilings, air conditioning, spot lights, wooden floors and a wellness consultation room to the rear of the ground floor.

Transport
Henry Street has excellent transport links including the LUAS Red Line and Green Line which stops on nearby O’Connell Street, the Red Line also stops on Abbey Street and Jervis Street. There are numerous Dublin Bus stops on O’Connell Street while the area is also well served by taxi ranks and Dublin bike terminals. Car-parking is well catered for in a number of multi-storey car parks at the Jervis Centre, Ilac Centre and the Parnell Centre.

Tenancy
The entire is let to Holland & Barrett Ltd on a 6-year lease from 18th July 2022 at a passing rent of €250,000 per annum. The lease expires on 17th July 2028.

Holland & Barrett Ltd are Europe’s leading retailer of vitamins, minerals and herbal supplements, they operate over 1,600 stores worldwide with a substantial presence of over 760 stores in the United
Kingdom and Ireland. The brand was founded in 1870 and currently employs in excess of 7,000 staff members. Excellent covenant – Creditsafe risk score of 93/100, “very low risk”.