South City Centre - D8

+12

First Ireland House, 14-16 Parkgate Street, South City Centre - D8, Dublin 8

€7,500,000

D08W866

First Ireland House, 14-16 Parkgate Street, South City Centre - D8, Dublin 8

€7,500,000

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Beds
Price	€7,500,000
Property Type	Investment Property
Size	meters²
Energy Rating	BER-C3
Refreshed on	Mar 20, 2024
Eircode	D08W866

Description

Modern Office Investment extending to 1,510 sq.m / 16,253 sq ft. (Net Internal Area) Let to First Ireland Risk Management - 100% owned by global insurance giant Arthur J Gallagher Holdings (S&P 500 Company. 25-year FRI Lease from July 2022 subject to 5 yearly mutual break options. The Lease is a renewal of existing leases with the tenant in occupation almost 20 years. Passing Rent of '€599,000 per annum. Unrivalled connectivity with Heuston Station 200m away and directly adjoining the Red Line Luas Excellent office location and within 3km of Dublin City Centre. Future development in the area, including former Hickey's site and St. James Gate further enhancing Dublin 8 as an attractive office destination. Offering an investor c.7.2% net initial yield return. Tenant Not Affected.

BER Details

BER: C3 BER No.800972242 Energy Performance Indicator:231.88 kWh/m²/yr

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Description

Modern Office Investment extending to 1,510 sq.m / 16,253 sq ft. (Net Internal Area) Let to First Ireland Risk Management - 100% owned by global insurance giant Arthur J Gallagher Holdings (S&P 500 Company. 25-year FRI Lease from July 2022 subject to 5 yearly mutual break options. The Lease is a renewal of existing leases with the tenant in occupation almost 20 years. Passing Rent of '€599,000 per annum. Unrivalled connectivity with Heuston Station 200m away and directly adjoining the Red Line Luas Excellent office location and within 3km of Dublin City Centre. Future development in the area, including former Hickey's site and St. James Gate further enhancing Dublin 8 as an attractive office destination. Offering an investor c.7.2% net initial yield return. Tenant Not Affected.

BER Details

BER: C3 BER No.800972242 Energy Performance Indicator:231.88 kWh/m²/yr

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Date created: Mar 20, 2024