Fade Street Social, the popular Dublin restaurant owned by celebrity chef Dylan McGrath, is up for sale with an asking price of €7.275m. This stunning establishment, situated in the heart of Dublin’s trendy Creative Quarter, has been a favourite of locals and tourists alike since it first opened its doors in 2012. With its unique blend of modern Irish cuisine, world-class cocktails and lively social atmosphere, it’s no surprise that Fade Street Social has become one of the most sought-after dining destinations in the city. In this article, we’ll take a closer look at what makes this restaurant so special and explore the reasons behind its sale.
The sale of 2-4 Fade Street in Dublin presents an opportunity for investors looking to enter the thriving restaurant sector. The property, home to Dylan McGrath’s celebrated restaurant Fade Street Social, is being sold by agent Cushman & Wakefield at a guide price of €7.275 million, exclusive of VAT. The investment offers a net initial yield of 6.25%, assuming standard purchaser’s costs of 9.96%. McGrath’s Prime Steak Restaurant 2012 Ltd has signed a new 20-year full repairing and insuring lease on the premises, beginning in April 2023 at an annual rent of €500,000. The property’s modern, fully-equipped facilities comprise 666sq m over ground and first-floor levels, with a rooftop terrace, and can accommodate up to 340 diners at a time.
In conclusion, Dylan McGrath’s Fade Street Social is a fantastic opportunity for anyone who is looking to invest in the hospitality industry. With its superb location, exceptional design, and incredible reputation, this property is set to be a huge success for many years to come. If you’re interested in securing a piece of this iconic Dublin landmark, now is the time to act. Don’t miss your chance to become a part of one of the most exciting and dynamic businesses in the city. With its prime location on Fade Street, this is an investment that will always be in high demand. So why wait? Contact the listing agent today to arrange a viewing and make your dreams of owning a piece of Dublin’s culinary scene a reality.
