HIGHLIGHTS
• High pro�le location in the heart of Dublin 2
• 3 minute walk to St Stephens green LUAS station
• O�ces totalling 94 sq m (1,013 sq ft) NIA with the bene�t of one car parking space
• Highly reversionary opportunity
• Passing rent of €20,500 per annum
• Guiding €565,000
For Sale by Private Treaty
91 Harcourt Street, Dublin 2Ground Floor and Basement (Tenant Not A�ected)
BER Exempt
FOR SALE BY PRIVATE TREATY
Ground Floor and Basement, 91 Harcourt Street, Dublin 2
DESCRIPTION
No. 91 comprises a mid-terrace, four-storey over basement Georgian building with o�ces on both ground and basement levels and residential on the upper �oors (residential is excluded from the sale). The ground and basement levels are accessed via a shared entrance hallway and extend to a total net internal area of approximately 94 sq m (1,013 sq ft). The o�ces are bright and tastefully �tted to include a reception area, private and open plan o�ce accommodation, kitchenette facilities and WC facilities. The o�ces also have the bene�t of 1 no. car parking space located o� Clonmel Street.
LOCATION
No. 91 is located in a prime position on Harcourt Street, close to its junction with St. Stephens Green and a short walk from Grafton Street. Harcourt Street and its environs are located within the heart of the Central Business District of Dublin 2 and the area hosts a number of high pro�le commercial occupiers including KPMG, Byrne Wallace, OPW, CPA Ireland and Ernst Young. The location is well established in terms of local amenities and facilities with a wide selection of restaurants, cafes, public houses, gym / leisure operators and retailers located on Camden Street, Harcourt Road and St. Stephens Green. The area is also popular for its boutique B&Bs and hotels including O’Callaghans on the Green, The Conrad, The Shelbourne, The Fitzwilliam and The Merrion Hotel.
HIGH PROFILE LOCATION IN THE HEART OF DUBLIN 2
TRANSPORT
The subject property is easily accessed by all major public transport infrastructure in the City including the DART inter-rail service at both Tara and Westmorland Street station, numerous Dublin Bus routes on St. Stephens Green, the Dublin Bike scheme with a station a Clonmel Place and the LUAS Green line service which runs along Harcourt Street and terminates on St. Stephens Green from the south suburbs. In addition, further improvements with the completion of LUAS Cross-City works are imminent, connecting the Green line LUAS service to the north suburbs.
TENANCY
The subject property is let to Johann Fullerton Limited on a 4 year 9 month lease at a rent of €17,000 per annum. The lease with a commencement date of 19th February 2014 is due to expire 18th November 2018. There is a
separate licence for one car space o� Clonmel Street. The car space is let to Seven Psychology at Work under a two year licence agreement from 11 March 2016 at a rent of €3,500 per annum.
FLOORPLANS
OFFICE
UP RECEPTION
LOBBY
UPPER LANDING
STAIRCASE
TOILET
COLUMN
OFFICE
UP
UP
CO
UR
TYA
RD
/ PLA
NT
UP
UP
OFFICE
UP
STAIRCASE
TOILET
UPPER LANDING
UPPER LANDING
COLUMN
CLOS
ET
SERVICES
GROUND FLOOR
BASEMENT
Disclaimer: Messrs. HWBC Limited t/a HWBC and for the vendors or lessors of this property whose Agents they are, give notice that:- (i) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute part of an o� er or contract. (ii) All description, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them, (iii) No person in the employment of HWBC Limited t/a HWBC has any authority to make or give any representative or warranty whatever in relation to this property.
HWBC80 Harcourt Street, Dublin 2D02 F449, Ireland
T 353 1 77 50 500E [email protected] hwbc.ie
FOR SALE BY PRIVATE TREATY
Ground Floor and Basement, 91 Harcourt Street, Dublin 2
TITLEWe understand the property is held long leasehold.
SOLICITORBeauchamps Riverside TwoSir John Rogerson’s QuayDublin 2
VIEWINGStrictly by appointment with the sole agents HWBC
PLANNINGNo. 91 Harcourt Street is zoned Z8 “To protect the existing architectural and civic design character, and to allow only for limited expansion consistent with the conservation objective”. The subject property is a protected structure.
PRICEGuiding €565,000 re� ecting a net initial yield of 3.35% after allowance for standard acquisition costs of 8.46%.
Jenny PruntySurveyor
T +353 1 77 50 526E [email protected]
Emma MurphyDivisional Director
T +353 1 77 50 519E [email protected]
FOR FURTHER INFORMATION
PSRA: 002098
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NO CONTRACTNote our client is not obliged to accept the highest o� er received and as usual no contract shall exist or be deemed to exist until such time as formal contracts have been executed and exchanged and deposit paid. These details do not form part of an o� er of contract.