|Property Type||Investment Property|
|Refreshed on||Jan 27, 2023|
Investment Summary • Modern Grade A Office Investment • Extends to approx. 17,201 sq.ft. • Occupied by The Pensions Authority and Ornua • Located on the south side of Mount Street, Dublin 2 • Current income of €881,895 per annum • WAULT of 3.5 years • Value-Add Potential The property is a prominent five storey modern office building with basement car parking. Originally developed in 2001, the property was refurbished, including replacement of the air-conditioning plant in 2015. The building now comprises a top quality, 3rd generation office building extending to approximately 1,598 sq.m (17,201 sq.ft). The building is accessed directly from Lower Mount Street, while vehicular access is from Verschoyle place, a lane way which runs to the rear of the building and parallel with Lower Mount Street. There is a car lift providing access to the 8 basement car spaces. Floor plates range in size from 76 to 389 sq. m (819 - 4,179 sq ft). The floor plates are regular in shape, benefiting from an abundance of natural light, with a full height glazed atrium. The property is located on the south side of Mount Street in Dublin 2, approximately 250m from Merrion Square, 1km from St.Stephen's Green and 900m from Grand Canal Dock. Dublin 2 is the traditional CBD with occupiers in the area including Google, Stripe, Twitter, Accenture, Slack and Asavie. Lower Mount Street is one of Dublin’s leading commercial locations, with occupiers on the street including Regeneron, Bord Bia, Bord Gais, The Irish Dairy Board, The Revenue Commissioners and numerous state bodies. Conveniently located only 5 minutes’ walk from the Grand Canal DART station while numerous bus routes pass directly along Lower Mount Street in a Quality Bus Corridor. In addition, Grafton Street, St. Stephen’s Green, Ballsbridge and the Docklands are all within a 10 minute walk.
Date created: Jan 27, 2023