dublin 2 • investment for sale • tenants not...
TRANSCRIPT
1-2 LEESON STREET LOWERDUBLIN 2 • INVESTMENT FOR SALE • TENANTS NOT AFFECTED
The Opportunity The sale offers an opportunity to acquire a pivotal Georgian office investment situated in an unrivalled Dublin 2 location overlooking the Leeson Street entrance to St. Stephen's Green. With the office market continuing to experience high levels of under-supply, the opportunity presents superb rental and capital growth prospects.
Location
The property is located at the junction of Leeson Street and Earlsfort Terrace on the south west corner of St. Stephen's Green. The location affords occupants an unrivalled business location that provides prime profile and all of what the Capital's busiest retail, business and leisure core has to offer. The location is highly accessible via all main bus, rail, cycle and LUAS services.
Description The property comprises an own door self‐contained Georgian office in the upper three floors of 1‐2 Leeson Street. The offices were fully refurbished in 2007 to include a new roof and benefits from CAT 6 ﴾E﴿ wiring, CCTV, WCs, kitchenette, electric radiators and perimeter trunking. The offices are typically laid out in four rooms per floor off a central stair core. The property provides for 11 office suites. The property extends to approx. 224.4 sq.m. ﴾2,415.44 sq.ft.﴿ NIA assuming vacant possession. The property also offers the opportunity for short term billboard advertising.
Tenancies The property is currently being managed as a serviced offices operation on short term licence agreements. There are currently six tenants occupying the entire. The passing gross income is in the order of €101,584.92 per annum. Full details available upon request. The property also offers the opportunity of supplementary income from short term billboard advertising.
Title
Long Leasehold
BER
Viewings By appointment with sole agent Knight Frank
Contact Ross Fogarty
Adrian Trueick
KnightFrank.ie
01 634 2466 20/21 Upper Pembroke StreetDublin 2
Conditions to be noted:These particulars are issued by HT Meagher O’Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of these particulars, they do not constitute an offer or contract. All descriptions, dimensions, references to condition, permissions or licenses of use or occupation, access and other details are for guidance only, they are given in good faith and believed to be correct, and any intending purchaser/tenant should not rely on them as statements or representation of fact but should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any VAT arising on the transaction. Neither HT Meagher O’Reilly trading as Knight Frank or any of their employees have any authority to make or give any representation or warranty in respect of this property.
HT Meagher O’Reilly trading as Knight Frank, Registered in Ireland No 385044, PSR Reg No 001266. HT Meagher O’Reilly New Homes Limited trading as Knight Frank, Registered in Ireland No. 428289, PSR Reg No 001880. Registered Office – 20 -21 Upper Pembroke Street, Dublin 2.
Exempt
Guide Price
Excess €1.16 million