fitzwilliam hall - avalanche design16 april 2013 to glandore business centres limited incorporating...
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Fitzwilliam Hall25 & 26 Fitwilliam Place and Mews Wilton Terrace, Dublin 2
Tenant not affected / business not affected.
v One of the most prominent office buildings in Dublin 2
v Incorporating Fitzwilliam Hall which houses Glendore Business Centre, Brasserie Le Pont and No. 25 Private Dining.
v Superb specification throughout
v Flexible floor plates within Fitzwilliam Hall
v Entire let to Glandore Business Centres Limited on a 15 year lease with upward and downward five yearly rent reviews
v Current passing rent of €732,820 per annum
v Floor area of 2,748 sq m (29,584 sq ft) together with 19 car spaces
v Offers sought in the region of €8,500,000 which equates to net initial yield of 8.25% assuming standard purchasers costs of 4.46% and a capital value per square foot of €287.32
v Overall rent per square foot €24.77
Executive Summary
Fitzwilliam Hall25 & 26 Fitwilliam Place and Mews Wilton Terrace, Dublin 2
Fitzwilliam Hall
Siemens
Fitzwilliam Place
Leeson Street Bridge
Leeson Street Lower
Shell E&P Ireland Limited
M50
M50
M50
M1
N1
N2
N3
N7
N81
R117
N11
N4
Stillorgan
Blackrock
Dun Laoghaire
LUAS
Palmerstown
Ballyfermot
Crumlin
Finglas
BalgriffinSutton
Raheny
HowthDonaghmede
Clontarf
Malahide
Swords
Portmarnock
Liffey Valley
Blanchardstown
Milltown
Rathfarnham
Dundrum
DUBLIN
The properties enjoy an unparalleled position between Dublin 2 & 4 strategically located, on Leeson Street Bridge close to the banks of the Grand Canal. This location is the heart of the Central Business District and within easy reach of St. Stephen’s Green and Baggot Street. Local amenities include a host of bars and restaurants such as Brasserie Le Pont, l’Ecrivain, Locks, The Canal Bank Café, The Burlington, Shelbourne and Merrion Hotels.
The properties are also close to the city’s most prestigious universities such as the Royal College of Surgeons and Trinity College making it an attractive location for start up enterprises locating in Fitzwilliam Hall. In the immediate vicinity there are a number of corporate headquarters and government departments, making it a popular and very established choice for corporate occupiers
Location
Mews
Grand Canal
William Fry Solicitors
I.D.A. / LinkedIn
Fitzwilliam Hall25 & 26 Fitwilliam Place and Mews Wilton Terrace, Dublin 2
Dublin city centre has a population of 525,000 persons with an estimated 1.27 million people living in the greater urban area. Dublin has a total catchment of 1.8 million (Census 2011). The city’s population is expanding rapidly; it is estimated by the Central Statistics Office (CSO) that it will reach 2.1 million by 2020.
The availability of a young talented workforce is one of many factors attracting foreign direct investment to the city. Facebook, Ebay, Yahoo!, Google and Twitter have all set up European headquarters in Dublin in recent years.
Fitzwilliam Hall is a landmark building situated at the junction of Fitzwilliam Place, Lower Leeson Street and Adelaide Road and adjacent to Leeson Street Bridge, Wilton Terrace and Mespil Road.
No. 25 is situated immediately adjacent to Fitzwilliam Hall on the Fitzwilliam Place elevation.
Both Properties interconnect.
Demographics Situation
Fitzwilliam Place has excellent public transport links to the Luas Green Line terminus at St. Stephen’s Green and the Charlemont Station. Access to the DART (Dublin Area Rapid Transit) system is approximately 12 minutes walk
away at Grand Canal Dock DART Station on Barrow Street.
The pivotal city centre location also means this property is well served by numerous Dublin Bus routes linking suburban and city centre
locations. The hugely popular Dublin Bike Stations at Fitzwilliam Square and Wilton Terrace are within easy reach. The high quality 24 hour Aircoach service to and from Dublin Airport has a number of stops in the immediate vicinity.
Transport
Fitzwilliam Hall comprises an impressive six storey office building with basement car parking. The large entrance hall provides an imposing marbled reception to very well planned serviced office accommodation which continues to appeal to well known corporate occupiers. The high quality serviced office suites have been adapted to incorporate large interconnecting suites and smaller rooms highlighting the versatility of the floor plates and overall design concept of the business. The central core contains the toilet accommodation and two lifts serve all floors. A large communications room is located on the ground floor. The property incorporates an extensive penthouse floor offering quality conferencing facilities with wonderful views of the city centre. Brasserie Le Pont is located in the basement of No. 26 Fitzwilliam Place this is a stylish and contemporary restaurant and wine bar with heated outdoor terrace. The restaurant is open to both occupiers of the business centre and general patrons.
Fitzwilliam Hall, 26 Fitzwilliam Place
The Mews Wilton TerraceThe Mews is a self contained two storey office building with independent access from Wilton Terrace and also through the courtyard from Fitzwilliam Hall giving occupiers the advantage of ‘own door’ accommodation.
v Purpose built flexible designed floor plates v Raised access floors with floor boxesv Individual alarmed offices with high security fob systemv Recessed fluorescent and spot feature lightingv Tiled and carpeted flooringv Painted and plastered walls; timber panelling v 8 person passenger liftv Separate post roomv Commercial kitchen facilitiesv High quality sanitary facilities at each floor
No. 25 Fitzwilliam Place which interconnects (from lower ground to third floor) with Fitzwilliam Hall is a beautifully
restored Georgian property offering excellent accommodation for private dining, corporate events and weddings. Rooms such
as the ‘Eileen Gray Room’ accommodate up to 30 guests for dining and 50 for theatre style.
25 Fitzwilliam Place Specification Fitzwilliam Hall
Basement
Second Floor
First Floor
Fourth Floor
Store
Kitchen
Office
Lift
Male WC Female WC
Dis.WC
Existing Fourth Floor Plan
Glencree 1
Glencree 2
Lobby LobbyGlendalough 3
Glendalough 2
Glendalough 1
Third Floor
Male WCFemale WC
TEA Station
External Yard
Dining Room
Kitchen
Restaurant
TEA Station
Male WCFemale WC
Kitchen
The Bach
Glenof the Downs 1
Glenof the Downs 2
Glenof the Downs 3
Glencullen
The Beethoven
Male WC Female WC
The Handel
Ground
The Mozart
The Vivaldi
Stairs LobbyEntrance Hall
The Lounge
Tea Station
The SchumannMeeting Room 2
The SchumannMeeting Room 1
Admin
ReceptionWaiting
Front Entrance
Store
Post Room
Comms RM
Lift
Lift
Office
Male WC
FemaleWC
First Floor PlanGround Floor Plan
Landing
Kitchen
Hall
WC
Shwr
Void
WC
Floor Use Area (Sq m) Net Internal Area
Area (Sq ft) Net Internal Area
FITZWILLIAM HALL, 25/26 FITZWILLIAM PLACE, DUBLIN 2
Basement Offices / Restaurant ‘Le Pont’ 430.44 4,633.17
Ground Office 460.01 4,951.46
First Office 451.86 4,863.77
Second Office 466.36 5,019.81
Third Office 477.88 5,143.85
Fourth Office 323.00 3,476.71
THE MEWS Office 138.90 1,495.10
Total Area 2,748.43 29,583.87
Mews Plans
Landing
Kitchen
Hall
WC
Shwr
Void
WC
Fitzwilliam Hall25 & 26 Fitwilliam Place and Mews Wilton Terrace, Dublin 2
Fitzwilliam Hall25 & 26 Fitwilliam Place and Mews Wilton Terrace, Dublin 2
TenancyThe property is held on a 15 year lease from 16 April 2013 to Glandore Business Centres Limited incorporating 5 yearly upward and downward rent reviews. The current passing rent is €732,820 per annum.Fitzwilliam Hall is a highly successful and long established serviced office building. This property has served as a spring board for many of Ireland’s leading corporate employers.
Data RoomAccess is restricted and will be granted by Matheson solicitors to interested parties on the verification of information and signing of NDA.
TenureRegistry of Deeds Freehold title save for a small portion which is possessory title.
VATFurther information available upon request.
Capital Gains ProvisionPurchasers can avail of Capital Gains Tax (CGT) exemption for any capital gain attributable to the holding period, if the property is acquired before the end of 2013 and is held for a minimum of seven years. We recommend all interested parties seek advice from their tax advisors and satisfy themselves in relation to all taxation matters.
ProposalOffers sought in the region of €8,500,000 which equates to net initial yield of 8.25% assuming standard purchasers costs of 4.46%
ViewingsAll viewings are strictly by appointment through the sole selling agent.
Full Building Energy Rating certificate and Advisory Report are available from DTZ Sherry FitzGerald.
Agents
Contact Details
Patricia Ward+353 (01) 639 [email protected]
John Costello + 353 (01) 639 9226 [email protected]
Rosemary Casey+353 (01) 639 [email protected]
Jane Dolan+353 (01) 639 [email protected]
Solicitors
Shelley Casserly+353 (01) 232 [email protected]
Receiver
Michael Hogan+ 353 (01) 662 [email protected] Brochure design by
Conditions to be noted: 1. These particulars do not constitute an offer or contract or any part thereof and none of the statements contained in the particulars as to the property to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, 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 purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. 5. The terms, Vendor and Purchaser, where the context requires shall be deemed to refer to Lessor and Lessee and Landlord and Tenant respectively. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and the purchaser/lessee shall be liable for any VAT arising on the transaction.