19 Fitzwilliam Place, South City Centre, Dublin 2

Sold

Beds	6 beds
Price	Sold
Property Type	Period House
Size	meters²
Energy Rating	BER-
Refreshed on
Eircode
Group Name	Finnegan Menton
Sales License Number	001954

Description

For Sale by Private Treaty 19 Fitzwilliam Place, Dublin 2. Currently in office use producing €66,000 per annum (increasing to €70,000 per annum). May suit conversion to Residential (SPP) at lease break / expiry. Landlord and Tenant break options in leases in November 2016. Let on two leases to Lucini & Lucini Communications, a Global leading provider of email marketing and Keating & Associates Public Relations. Fully let at a passing rent of €66,000 per annum increasing to €68,000 in November 2014 and €70,000 in November 2015. Landlord and tenant break options in November 2016 (providing Landlord ability to obtain vacant possession if required). Prime Location. Pristine building presented in excellent standard. 6 car spaces to the rear. Freehold. LOCATION No. 19 is located on the eastern side of Fitzwilliam Place which runs between the junctions with Fitzwilliam Square and Lower Leeson Street, Dublin 2. Fitzwilliam Place is within the heart of Dublin commercial, administrative and cultural centre close to St. Stephen Green and Grafton Street. The buildings within the terrace are mainly Georgian townhouses in commercial/office use. Neighbouring occupiers include The Italian Institute of Culture, Friel Stafford Accountant and Fitzwilliam Hall Business Centre. The area is well served by public transport with numerous bus routes and the Luas green Line on St. Stephens Green within a short walk. DESCRIPTION No. 19 Fitzwilliam Place comprises a mid terrace four storey over basement Georgian office building. The property is in excellent condition. Internally the property is of typical Georgian layout with well proportioned rooms. Many of the original features remain, including fireplaces and ornate decorative ceiling coving. Externally there is a rear yard area accessible from Lad Lane in use as 6 car parking spaces. This impressive headquarter building of c.372sq.m. (4,000sq.ft.) is fully let and offers an excellent investment opportunity with longer term. LEASE: The hall and upper floors are let to Lucini & Lucini on a 10 year lease from November 2010 at a passing rent of €48,000 per annum increasing to €50,000 in November 2014 and to €52,000 in November 2015 (inclusive of 1 car space). There is a Tenant break option in November 2016 subject to 3 months prior notice. There is also an option for Landlord to break the Lease in November 2016 on giving 6 months prior notice and on payment of a sum equivalent to 3 months rent. The next rent review is in November 2016. There is a parent company guarantee from Lucini & Lucini Communications. The basement is let to Keating Public Relations and Communications on a 25 year lease at a rent of €18,000 per annum (inclusive of 5 car spaces) with Tenant and Landlord break options in November 2016 and November 2021. Total passing rent is €66,000 per annum increasing to €68,000 in November 2014 and to €70,000 in November 2015. THE TENANT: Lucini & Lucini: Guarantor: Lucini & Lucini Communications Ltd. Keating & Associates TOWN PLANNING: The entire property is zoned objective Z8: "To protect the existing architectural and civic design character, to allow only for limited expansion consistent with the conservation objective". The building has established office use and is listed as a protected structure. CAPITAL GAINS: If the property is purchased prior to 31st December 2014 and is held for at least 7 years the capital gain attributed to that 7 year period will be exempt from Capital Gains Tax (CGT). We recommend that interested parties satisfy themselves in relation to taxation matters in relation to the property and seek advice of an Accountant or Tax Advisor. BER: Exempt. TITLE: Freehold. PRICE: On application VIEWING: By prior appointment only through sole agents Finnegan Menton. Contact: Nicholas Corson or David Rowe at +353 (01) 614 7900.

Accommodation

ACCOMMODATION: (Approx net internal floor areas) Lucini & Lucini Sq.m. Sq.ft. Hall Floor 54.7sq.m 589sq.ft. First Floor 87.6sq,m. 943sq.ft. Second Floor 62.6sq.m. 674sq.ft. Third Floor 66.8sq.m. 719sq.ft. 271.7sq.m. 2,925sq.ft. Keatings & Assocs Hall Return 11.3sq.m. 122sq.ft. Basement 88.7sq.m. 955sq.ft. TOTAL 371.7sq.m. 4,002sq.ft. TOTAL GROSS INTERNAL AREA (Residential) 525sq.m. (5,650sq.ft.)

BER Details

BER: BER No. XXX Energy Performance Indicator: XXX kWh/m²/yr

Viewing Details

VIEWING: By prior appointment only through sole agents Finnegan Menton. Contact: Nicholas Corson or David Rowe at +353 (01) 614 7900.

Description

Accommodation

BER Details

BER: BER No. XXX Energy Performance Indicator: XXX kWh/m²/yr

Viewing Details

VIEWING: By prior appointment only through sole agents Finnegan Menton. Contact: Nicholas Corson or David Rowe at +353 (01) 614 7900.