Prestigious Georgian Investment FOR SALE

Transcription

1 75 MERRION SQUARE, DUBLIN 2 Prestigious Georgian Investment FOR SALE Tenant not affected

2 Investment Summary Location > > Prestigious four storey over basement mid-terrace period building extending to 505 sq. m (5,432 sq. ft)nia. > > For sale with the benefit of a ten year lease of the entire from September > > 12 car parking spaces to the rear accessed from Fitzwilliam Lane. > > Recently refurbished to a very high standard. > > Beautifully proportioned rooms with excellent natural light. > > Very attractive period features throughout together with the benefit of modernised office features including a passenger lift serving all floors. > > Superbly located within close proximity to all city-centre amenities and public transport infrastructure. > > Passing rent of 249,760 per annum. > > Guide price of 3,950,000 representing a net initial yield of 5.83% after allowing for standard acquisition costs. 75 Merrion Square is an attractive Georgian office building conveniently located on the south side of Merrion Square. Merrion Square is a much sought after location in Dublin s central business district. The property has a prime position overlooking the square. This prestigious location is within easy walking distance of a range of transport links including Pearse DART station and the Luas (green line) stops at Dawson Street and St Stephen s Green. Numerous bus routes are available close to the property providing convenient access to all locations. The Aircoach, which provides access to Dublin airport, has a stop located on the north side of Merrion Square. The property is within easy reach of some of Dublin s leading leisure, retail and corporate locations and the surrounding area benefits from a wide range of restaurants, cafes, banks, pubs and hotels. Notable occupants nearby include Dail Eireann, Leinster House, the 5* Merrion Hotel, the Natural History Museum, and the National Gallery of Ireland. PEARSE STREET DART STATION 75 MERRION SQUARE 75 Merrion Square is situated in one of Dublin s most sought-after office locations within the Central Business District TRINITY COLLEGE DAWSON STREET LUAS STOP LEINSTER HOUSE GRAFTON STREET ST. STEPHENS GREEN

3 Tenancy Information > > The entire property is let to E-nasc Eireann Teoranta under a 10 year lease from 07 September > > The current passing rent is 249,760 per annum. > > The tenant is unaffected by the sale. > > The rent is subject to review after 5 years to open market rental value. > > The tenant has the option to determine the lease on the expiry of the fifth year of the term subject to a 12 months prior written notice. > > The tenant has signed a Deed of Renunciation. E-nasc Eireann Teoranta was founded in The company has maximum Vision Net credit score of 100 and is categorised as low trade risk. The property boasts numerous attractive period features throughout Description 75 Merrion Square is a four storey over basement mid-terrace Georgian building in office use. > > The property retains many of its original features including detailed cornicing, ceiling roses and marble fire places together with the benefit of modernised office features including a passenger lift serving all floors. > > The accommodation presents in excellent condition and is laid out in a combination of various sized offices with two very large, impressive rooms on the ground floor. > > The building also benefits from shower facilities which are an increasingly common requirement from corporate occupiers in today s market. > > There are 12 car parking spaces to the rear of the property accessed from Fitzwilliam Lane.

4 Floorplans Accommodation We set out opposite our understanding of the building s net internal area (NIA). All intending purchasers are specifically advised to verify the floor areas and undertake their own due diligence in this regard. Floor Sq. m Sq. ft Third Floor Second Floor First Floor ,204 Ground Floor ,215 Basement ,090 Total ,432 First Floor sq. m 1,204 sq. ft Ground Floor sq. m 1,215 sq. ft Second Floor sq. m 983 sq. ft Basement sq. m 1,090 sq. ft Third Floor sq. m 940 sq. ft Plans for identification purposes only (not to scale) Plans for identification purposes only (not to scale)

5 Contacts & Further Information Tenure We understand the property is held Freehold. Zoning The property is in a conservation area zoned Z8 protect the existing architectural and civic design character, and to allow only for limited expansion consistent with the conservation objective under the current Dublin City Council Development Plan The building is listed as a protected structure. Private Treaty The property is to be sold by Private Treaty. BER Exempt Viewings Viewings are by appointment only. Selling Agents Savills 33 Molesworth Street Dublin 2 PSRA: St Stephen s Green House, Earlsfort Terrace, Dublin 2, PSRA: Marguerite Boyle Marguerite.boyle@savills.ie +353 (0) PSRA: Duncan Lyster dlyster@lisney.com +353 (0) PSRA No: Anneliese Charlesworth Anneliese.charlesworth@savills.ie +353 (0) PSRA: Lynda Gordon lgordon@lisney.com +353 (0) PSRA: Lisney, Savills and their client give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills nor Lisney have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.