Latest news with #DameStreet
Irish Times
28-05-2025
- Business
- Irish Times
Dame Street investment at €1.3m offers buyer 6.93% net initial yield
Investors looking to secure a combination of stable income and ownership of a well-located property in Dublin city centre may be interested in the sale of 66 Dame Street. Located at the western edge of the city's Temple Bar area and just 40m from the Olympia Theatre, the subject property, which is fully let, is being offered to the market by agent Sherry FitzGerald Commercial at a guide price of €1.3 million. Number 66 briefly comprises a four-storey over-basement mid-terrace building extending to a net internal area of 289sq m (3,103sq ft). The property is laid out with a ground-floor restaurant with ancillary accommodation at basement level, along with three upper floors of office accommodation. The building is fully let and is producing a total passing rent of €99,000 a year. The ground and basement floors are occupied by Abrakebabra Ltd on a 20-year lease from October 2015 at a rent of €55,000 per annum. Abrakebabra carried out a full fit-out of the ground and basement floors including kitchen, food-preparation areas and customer seating. The office accommodation at first, second, and third-floor levels is let to Hamilton Turner Solicitors, who have been in occupation since 1998, on a 35-year lease producing €44,000 per annum. Dame Street is one of Dublin city's main thoroughfares. It links several of the city's most popular visitor attractions including Trinity College Dublin Castle, Christ Church Cathedral and the Guinness Storehouse. The area is well connected by public transport. Numerous Dublin Bus routes, the Luas green and red lines and Tara Street Dart station all are all within walking distance of the subject property. READ MORE Should a sale of number 66 Dame Street proceed at the €1.3 million guide price, the new owner would be in line for a blended net initial yield of 6.93 per cent, assuming standard acquisition/purchaser's costs of 9.96 per cent. The property's tenants will not be affected by the sale. Elizabeth O'Hara of Sherry FitzGerald Commercial says: 'We expect strong interest levels from private investors particularly those seeking well-located city-centre opportunities suitable for pension or long-term holdings with asset-management potential.'
BreakingNews.ie
25-05-2025
- BreakingNews.ie
Female tourist violently assaulted just arrived in the country, court told
A female tourist, just arrived in Dublin, was left bruised and bleeding after a man punched her face without warning in a gender-targeted daylight attack on Friday and 'calmly' walked away, a court heard. Kevin Kletzander, 33, who allegedly 'showed no remorse', was charged with assault causing harm to the woman who fears she will be left scarred following the incident on Dame Street in the city centre south side at 11:30 am on May 23th. Advertisement The accused, who resides in a Dublin 8 hostel and has a history of mental illness, was refused bail by Judge Catherine Ghent at Dublin District Court on Saturday. Garda Niamh Dunne cited the seriousness of the case, telling the court, 'I have huge safety concerns for members of the public and any female he encounters'. Objecting to Mr Kletzander's bail application, she described the incident as 'totally unprovoked' and alleged the accused aggressively approached the woman and 'without warning punched her in the face'. The injured tourist was knocked to the ground, bleeding and in shock from the one-punch assault, and suffered a deep laceration on her temple area and swelling and bruising on her left eye. Advertisement The garda claimed several people were around, but that did not deter the man, who 'continued walking calmly to George's Street' after the incident. Furthermore, she alleged it was a gender-targeted attack on the woman who was unable to defend herself. Garda Dunne said the complainant had been left unable to take part in the tourist activities she planned and was deeply concerned at the psychological impact and that she may be left with scarring. The court heard Mr Kletzander later handed himself in at Pearse Street Garda station, 'was polite and pleasant,' and he made admissions when arrested. Advertisement During his interview, he showed no remorse but later replied, 'I'm sorry' when charged. Garda Dunne said there was CCTV evidence. The woman did not attend the bail hearing, and the accused only addressed the court to explain his understanding of the locations mentioned in the evidence. Defence solicitor Noel Boylan told the garda that while in the station, Mr Kletzander spoke but switched between English, Dutch and French, but Garda Dunne said she was not advised of that. She agreed that she was aware of his mental health difficulties. Mr Boylan said the accused attended medical appointments regularly, went to the gym, and maintained contact with his family. Denying bail, Judge Ghent noted the evidence of the seriousness of the incident and that the assault was allegedly gendered in nature. Legal aid was granted to the accused, who has yet to enter a plea and will appear again on May 29 next. Directions from the DPP need to be obtained.
