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16 Fitzwilliam Street Upper, South City Centre, Dublin 2

Sold Energy Rating D02Y221 329 m2
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16 Fitzwilliam Street Upper, South City Centre, Dublin 2

Sold

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Beds
Price Sold
Property Type
Size 329 meters2
Energy Rating BER-Exempt
Refreshed on
Eircode D02Y221

Description

A superbly located and well-presented office investment at 16 Fitzwilliam Street Upper, Dublin 2. This fully let investment is producing an income of €130,000 per annum. 16 Fitzwilliam Street Upper is a mid-terrace 4 storey over basement period property which has been recently refurbished and is in very good order throughout, while still retaining many of the original features one would expect from a property of this vintage. Situated in the heart of Dublin 2 next to a host of amenities including hotels, bars and restaurants on Baggot Street/Lesson Street. This address has become the office headquarters and home to a number of well-known national and international companies as well as Embassies. The entire is let to TAI Consultants Limited t/a Tax Accounting Ireland on a 10 year full repairing and insuring lease from 20th July 2018 at a passing rent of €130,000 per annum. The lease allows for an open market rent review in July 2023, with a tenant break option also at the expiry of the 5th year (subject to 6 months prior written notice). Investment Highlights: A fully let office investment property with an income of €130,000 per annum. Let on TAI Consultants Limited t/a Tax Accounting Ireland. Just under 8 years unexpired on the lease. Recently refurbished and well-presented period office building in very good condition. Positioned in a prominent location next to Fitzwilliam Square and Baggot Street in the commercial hub of Dublin 2 and located next to a number of leading commercial tenants including Embassies while and close to Government buildings. Next to a host of amenities including hotels, restaurants, cafes, and bars. Overall Net Internal Area of the building is c.3,541 sq.ft. Net Initial Yield c.5.25%, after standard acquisition costs.

BER Details

BER: Exempt

Viewing Details

By Appointment Only Contact: David Rowe on 01 614 7900

Description

A superbly located and well-presented office investment at 16 Fitzwilliam Street Upper, Dublin 2. This fully let investment is producing an income of €130,000 per annum. 16 Fitzwilliam Street Upper is a mid-terrace 4 storey over basement period property which has been recently refurbished and is in very good order throughout, while still retaining many of the original features one would expect from a property of this vintage. Situated in the heart of Dublin 2 next to a host of amenities including hotels, bars and restaurants on Baggot Street/Lesson Street. This address has become the office headquarters and home to a number of well-known national and international companies as well as Embassies. The entire is let to TAI Consultants Limited t/a Tax Accounting Ireland on a 10 year full repairing and insuring lease from 20th July 2018 at a passing rent of €130,000 per annum. The lease allows for an open market rent review in July 2023, with a tenant break option also at the expiry of the 5th year (subject to 6 months prior written notice). Investment Highlights: A fully let office investment property with an income of €130,000 per annum. Let on TAI Consultants Limited t/a Tax Accounting Ireland. Just under 8 years unexpired on the lease. Recently refurbished and well-presented period office building in very good condition. Positioned in a prominent location next to Fitzwilliam Square and Baggot Street in the commercial hub of Dublin 2 and located next to a number of leading commercial tenants including Embassies while and close to Government buildings. Next to a host of amenities including hotels, restaurants, cafes, and bars. Overall Net Internal Area of the building is c.3,541 sq.ft. Net Initial Yield c.5.25%, after standard acquisition costs.

BER Details

BER: Exempt

Viewing Details

By Appointment Only Contact: David Rowe on 01 614 7900
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Price Changes in South City Centre
16 Herbert Street, South City Centre, Dublin 2
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EXEMPT
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Price Changes In South City Centre
Finnegan Menton
Finnegan Menton
Tel: 01 61...
PSRA Licence No. 001954

Date created: Sep 11, 2020

Finnegan Menton
Finnegan Menton
PSRA Licence No. 001954
Call Agent: 01 61...