The Victorians 15-18 Earlsfort Terrace, Dublin 2

Sale Agreed

The Victorians 15-18 Earlsfort Terrace, Dublin 2

Investment Opportunity for Sale by Private Treaty

Complete Terrace of 4 Refurbished Victorian Buildings in the heart of Dublin’s CBD
Approx. 19yrs unexpired term (no breaks)
Occupied by a strong and established serviced office operator
1,210 Sq.M. Let under 3 sperate co-terminus leases (providing future liquidity opportunities)
Flanked either side by newly developed modern office buildings (Cadenza & Arthur Cox HQ)
Historic buildings with increasing ESG latent carbon credibility
Review just settled at average rent of approx.€40psf
Extensive Common areas with a Gross Area of 1,750 Sq.M (59.25%, Gross to Net)

Location

Located in Dublin 2, 15-18 Earlsfort terrace is ideally positioned in the heart of Dublin’s Central Business district. It benefits from proximity to the full range of transport infrastructure, staff facilities and amenities the core CBD has to offer. It enjoys immediate proximity to Hatch Street/Harcourt Street, Earlsfort Terrace and St Stephens Green and onward to the wider Grafton Street and South City markets.

The Opportunity

“The Victorians” comprises a unique opportunity to acquire a complete, and historically intact, Victorian terrace situated in the heart of Dublin’s Central Business District. The terrace of four buildings is flanked on either end by two modern office developments comprising the Arthur Cox HQ and the recently completed Cadenza office development owned by Irish Life Investment Managers. The four properties ooze character and are surrounded by some of the best business, lifestyle and leisure offers in Dublin City which explains the popularity and consistently high occupational levels experienced. All four buildings are occupied by the successful serviced office operator, Iconic Offices, under three separate co-terminus leases. As No’s 15 & 16 are linked these are let under one lease with No.17 and 18 let under standalone leases. These separate leases provide the purchaser the long-term flexibility to sell each individual leased asset at a future date, should they so desire.

Title

Freehold

BER