Tallaght Square, Tallaght, Dublin 24

Quantum Property bring to the market the opportunity to assume the leasehold interest in the very popular Peachtree East Restaurant in Tallaght Cross East, Dublin 24.

The restaurant was designed and developed by the current tenant from a shell and core building in 2016 to the excellent facility it is today with the most recent addition being the indoor/outdoor terrace which was built in 2020 which boasts 8 fully automated side windows and a double-sided retractable roof. The entire fit out and all fixtures and fittings are being included in the assignment. A full inventory is available on request.

The restaurant benefits from 800 to 1,000 covers per week. Peachtree East has a total of 208 seats with the main restaurant area having 80, the newly modern designed and very popular outdoor terrace 48 seats and the fantastic function room on the 1st floor also having 80 seats.

There is plenty of potential to increase covers with longer opening hours and imaginative offerings in the restaurant and function room/upstairs bar. Peachtree East currently opens Wednesdays through to Sunday for Brunch and Wednesday through to Saturday for dinner.

The property is held on a 10 year lease which commenced in April 2016. With the short remaining period left on the lease, 3 years, we have a comfort letter from the landlord regarding the willingness to extend the lease on expiry.

The current rent reserved in 48,000 per annum plus VAT and the rates are 17,000 pa and service charges 12,000 pa approx.