For Sale. Lord Edward Street. Investment Opportunity. dublin 2

Transcription

1 14-16 Lord Edward Street dublin 2 For Sale Investment Opportunity

2 PRESTIGIOUS OFFICE INVESTMENT dublin 2

3 Investment Summary Modern office investment Fully refurbished building of approx. 1,324 sq.m. (14,251 sq.ft.) LE Pivotal position in Dublin City Centre Fully let - current rental income of 475,900 Good quality tenants including The Irish Film Board, Henegan & Peng Architects, Stay City & the Swatch Group. High yielding easily managed investment. Strong rental growth potential Freehold title Tenants not affected fully let MODERN OFFICE

4 Location The property is strategically located on Lord Edward Street, which is a continuation of Dame Street, opposite the entrance to Dublin Castle and adjacent to the Temple Bar area. The property occupies a prominent position at the junction of Lord Edward Street and Cow s Lane and is close to Christchurch Cathedral, Dublin City Hall and Trinity College. The high street retail districts of Grafton Street and Henry Street are also within close proximity to the property.

5 LE

6 Description LE 5 storey building FLEXIBLE ACCOMMODATION & SIZES Lord Edward Street comprises a prestigious 5 storey building which was fully refurbished and converted in 2007/2008 into impressive contemporary modern office accommodation. This landmark building has a prominent granite façade with frontage of approximately 40 metres to Lord Edward Street and return frontage to Cows Lane and Copper Alley. The offices range in size from 80 sq.m. to 287 sq.m. and are fitted to an exceptionally high standard. Each suite has air-conditioning, controlled central heating, suspended ceilings with inset category 2 lighting, perimeter trunking, category 6 cabling and hi-speed connections. The entrance foyer, central staircase, communal lobbies and toilets are fitted to an excellent standard and there is lift access to all floors, along with disabled access.

7 Tenancy Information & the Tenants Unit Occupier Size Rent pa. Lease Lower Ground Floor 1 David McKane T/A Institute of Photography ,000 Rolling 12 month lease 2 GTI Specialist Publishers Limited t /a Gradireland , yr. Lease from March Ground Floor 3 Irish Film Board Year 9 months from February Irish Film Board ,000 First Floor 5 Laragh Property holding t/a Stay City Year lease from Oct Laragh Property holding t/a Stay City ,000 Break yr. 10, 6 month penalty Second Floor 7 Heneghan Peng Architects yr lease from Oct Breaks yr. 10 (3 month penalty)15 & 20 8 Heneghan Peng Architects ,022 Third Floor 9 Heneghan Peng Architects , yr. lease from October Break at yr. 5 (3 month penalty), yr. 10, 15 & Swatch Group (UK) Ltd , Yr. Lease from Jan 2008, Break yr.10 (3 month penalty) Total Rental income 475,917 The Irish Film Board is the national development agency for Irish filmmaking and the film, television and animation industry. Stay City is a serviced apartment provider, who operate more than 1000 serviced apartments in city centre locations in Dublin, Paris & throughout the UK. Their headquarters are in Lord Edward Street. Heneghan Peng Architects is a leading design partnership, with offices in Dublin & Berlin. The award winning international practice was founded in Swatch Group is an international group active in the design, manufacture and sale of watches, jewellery and components. The Group is a public company which employs more than 35,500 persons in over 50 countries. The Institute of Photography is Ireland s only dedicated Photography School. GTI Specialist Publishers Ltd.is the official careers publishing partner of the Association of Higher Education Careers Service. It is part of the GTI Media Group, the worlds largest careers publishing company.

8 14-16 Lord Edward Street dublin 2 Title We understand that the subject property has a freehold title. Viewing Strictly by appointment through the sole selling agent. Please contact Enda Moore or Henry Sheridan. BER Status We understand that the property, as a Protected Structure (front facade), is exempt BER purposes. Contact: 118 Lower Baggot Street Dublin 2 Enda Moore endam@hookemacdonald.ie Henry Sheridan henrys@hookemacdonald.ie Solicitors Dermot Duncan & Co 10 Upper Abbeygate Street, Galway dermot@dermotdincan.com H A Y I NNS Q Y ORMOND QY LWR ORMOND QY UPR Y M E R C H A N T S BR ID GE ST CHURCH I G H FRANCIS STREET S T R E E T E C O O M B E MARYS LA P ATRICK ST S T LORD KEVIN ST Q U A Y L S T R E E T EDWARD ST. WERBURGH ST BRIDE STREET KEVI A B B E Y S T R E WELLINGTON QY D A M E S T R E E T AUNGIER STREET STH GT GEORGES ST STEPHEN ST BACHELORS WALK EDEN QU WICKLOW ST DRURY ST YORK STREET ASTON QY BURGH QY TEMPLE BAR TRINITY COLLEGE N O R T H MERRION ROW PROPERTY MISREPRESENTATION ACT The Agents and the Vendors give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Leassees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Hooke & MacDonald nor any of their employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and or Hooke & MacDonald nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. STH WILLIAM ST STH. KING S W E S T GRAFTON ST D OLIER ST FLEET ST COLLEGE ST D A W S O N S T P E A R S E S T R E E T NASSAU STREET STH. FREDERICK ST MOLESWORTH ST ST STEPHENS GREEN K I L D A R E S T G E O R G E S TARA S T O W N S E N S T S UPR MERRION ST design by conradjones.com