High profile Dublin 2 multi-let office investment
Approximately 14,156 sq ft over 5 floors with 9 individual suites ranging from approximately 845 – 3,067 sq ft
Striking historic façade features a modern, high-quality air-conditioned office space internally
Fully let with passing rent of €589,498 per annum and WAULT of 5.16 years to earliest break / expiry
68% of rent from local authority / government funded tenants
Tenants include Irish Film Board, Dublin City Council, Heneghan Peng Architects and GradIreland
Guiding €8.8m (subject to contract and exclusive of VAT) which provides an attractive initial yield of approximately 6.1%
Features
The period property was built in 1915 and was extensively redeveloped c. 2007/2008. External period features have remained while the large floorplates have been finished to a modern standard. There is air conditioning, suspended ceilings, a passenger lift and perimeter trunking
Location
The building is located in Dublin 2 on the corner of Cow’s Lane and Dame Street.
Building Energy Rating:
BER: Exempt
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