Block 2, Clanwilliam Court, Mount Street Lower, South City Centre, Dublin 2

Sold

Beds
Price	Sold
Property Type	Investment Property
Size	meters²
Energy Rating	BER-C3
Refreshed on
Eircode
Group Name	JLL Commercial
Sales License Number	002273

Description

The office accommodation consists of 6 floors over double basement car park. The specification includes solid concrete floors with carpet finish, suspended ceilings with recessed lighting, mineral fibre ceiling tiles and heating through gas boiler and four pipe fan coil ventilation units. The building is of red brick construction with high level of window glazing overlooking the Grand Canal and Mount Street Lower. Floor to ceiling heights within the building are 2.83 metres on the ground floor and 2.6 metres on upper floors. The slab to slab heights are 3.27 metres on the ground floor and 3.03 metres on upper floors.

Features

An exceptional chance to purchase a high profile investment / asset management opportunity in one of Dublin’s core business areas. Opportunity to acquire a corner building with high level of vehicular and pedestrian traffic at a low point in the property cycle. Chance to avail of the emerging supply / demand imbalance for larger buildings to benefit from rising rents and yield compression. Benefit of potentially taking back the property by 2015 / 2017, refurbish or redevelop the accommodation and re-position to the market exploiting the flexible space. €528,300 of income per annum provides interest cover on a portion of overheads during any planning stages of refurbishment or redevelopment. Long leasehold title. Initial Yield of 6.13% with 62% vacancy. Low Capital Value Per Sq. Ft of €172.22 psf.

BER Details

BER C3 BER No: 800180333 EPI 539.18 KWh/m²/yr

Directions

Lower Mount Street is located in Dublin’s central business district and a pivotal connection point between the South Docklands, Grand Canal Dock and Ballsbridge, Dublin 4. The property occupies a prime site of approximately 0.31 acres with frontage to two streets. It is sited on the junction of Lower Mount Street and Clanwilliam Place. The area is established as a core location for offices. Lower Mount Street is in the centre of Dublin 2 and offers an excellent selection of restaurants, bars and shops with easy access to St. Stephens Green, Grafton Street and Grand Canal Square.The property is in close proximity to the Grand Canal Dock Dart Station on Barrow Street and the Luas Green Line at St. Stephens Green – both stations are within 5 to 6 minutes’ walk. The area is well serviced by Dublin Bus and has an abundant amount of on street parking.

Viewing Details

By appointment only

Description

Features

BER Details

BER C3 BER No: 800180333 EPI 539.18 KWh/m²/yr

Directions

Viewing Details

By appointment only