Description
Fully Let Office Investment Opportunity
Property Highlights
• Fully let to two established tenants
• Total passing rent of €240,000 p.a., reflecting a net initial yield of approx. 7.4%
• WAULT of approx. 3.4 years, with leases expiring in August 2029 and March 2031
• Site area of approx. 0.12 hectares (0.30 acres)
• Approx. 762 sq m (8,203 sq ft) NIA / 934 sq m (10,054 sq ft) GIA
• 11 secure car parking spaces in a rear yard
• Potential alternative residential use – permissible in principle under the Z2 zoning (subject to planning permission)
Description
Originally constructed in the early 1930s, Bloomfield House is a commanding, detached two-storey office building occupying a prime site of approx. 0.30 acres (0.12 ha). Extending to a net internal area of approx. 762 sq m (8,203 sq ft) (934 sq m / 10,054 sq ft gross internal area), the building features a striking traditional red-brick façade with a rendered rear extension beneath a part-pitched slated roof. The property benefits from a generous rear yard providing 11 car parking spaces, accessed via Longwood Avenue.
Residential use is permissible in principle under the Z2 zoning, offering potential alternative-use value (subject to planning permission).
Tenancy Details
Ground floor & mezzanine
Daring Boys and Girls Limited (trading as Boys + Girls) has been in occupation since 2014 and holds a five-year lease from 1 September 2024, expiring 31 August 2029, at a passing rent of €160,000 p.a.
Boys + Girls is an award-winning creative and marketing agency. Notable clients include Three Ireland, An Post, Centra, Bulmers, SuperValu, LEGO, FREE NOW and ŠKODA Ireland.
First floor
Delap & Waller Limited has been in occupation since 1986 and holds a lease of four years and nine months from 1 July 2026, expiring 31 March 2031, at a passing rent of €80,000 p.a.
Delap & Waller is a mechanical and electrical building services engineering consultancy, providing engineering, BIM management and sustainability engineering services from offices including Dublin and London.
Guide Price: €2,950,000
NIY: 7.4% after standard purchaser’s costs of 9.96%
WAULT: Approx. 3.4 years to expiry (no outstanding tenant break options)
BER: E2 (BER No. 800840019)
Title: We understand the property is held under freehold title
VAT: We understand VAT will not be charged on the sale of the property.
Data Room: Access to the data room is available upon request.
Viewing: By appointment with the sole selling agent DNG Commercial.
For Sale By Private Treaty - Tenants Not Affected BER Details
