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For Sale Prime Georgian Mixed-Use Investment Opportunity

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For Sale Prime Georgian Mixed-Use Investment Opportunity 17-19 FITZWILLIAM STREET UPPER DUBLIN 2 FOR SALE PRIME GEORGIAN MIXED-USE INVESTMENT OPPORTUNITY BER Exempt 17-19 FITZWILLIAM STREET UPPER PROPERTY OVERVIEW MARLBOROUGH S 2 GARDINER ST LOWER 3.1 T CONNOLLY STATION 5 Prime Georgian mixed use Situated in Mix of office, medical Commercial WAULT of O'C ONNELL STREET T ELL S investment opportunity the heart of Georgian and residential use 1.4 years to break and RN 3 AMIENS STREET PA 6 BUS Dublin throughout extending to 1.9 years to expiry (as at STATION LUAS LUAS approx. 1,103.61 sq m 14/09/2018) OAD Y STREET HENR (11,879 sq ft) CUSTOM R ALL R LOWE HOUSE GUILD STREET CAPEL STREET ABBEY ST Y STREET MAR CUSTOM HOUSE QUAY E EAST W 3 ABBEY ST MIDDL AY Arena 1 EDEN QU R I V E R L I F F E Y GEORGE'S QUAY T AY STREET ARA CITY QUA Y ABBEY ST UPPER4 BURGH QU TARA STREET WALK FEY STATION HELORS D'OLIER S SIR JOHN ROGERSON’S QU BAC AY R I V E R L I F AY SIR JOHN ROGERSON’S QU ON QU AST T AY Y LOWER ORMOND QUA TOWNSEND STREET R i v e r L if f e y R i v e r L i AY f f e y AY ON QU INN'S QU ORMOND QU WELLINGT Total passing rent Long Leasehold Available individually Offers soughtAY in excess of PEARSE STREET AY ESSEX QU MERCHAN TS QU AY AY WOOD QU of €227,500 per annum Title or as part of €4,300,000 reflecting a NIY BENSON STREET HANOVER QU BORD GÁIS AY from 10 tenancies a portfolio of 4.88% after standard PEARSE STREET THEATRE T TRINITY C G R A N D DAME S AY acquisition costs of 8.46% OLLEGE C A N A L DUBLIN PEARSE STREET GRAND CANAL QU ESTATE STATION PEARSE STREET CKEN STREET MA FENIAN S T FRANCES STREET SOUTH DOCK STREET PARK A GREAT LOCATION T ON STREET MERRION SQU Shelbourne Park Greyhound GRAFT SON STREET LOWER GRAND CANAL TRICK STREE TRICK Stadium ARE DAW ARROW STREET PA MERRION SQUARE N B ARE STREET KILD LOWER MOUNT S ST GRAND CANAL DOCK STATION Grafton Street ST STEPHENS GREEN NORTH MERRI Shelbourne Hotel ON SQUARE S T. MERRION ST UPR Luas Line AUNGIER STREET LUAS ST STEPHEN’S BAG St. Stephen’s Green GOT STREET GREEN T BATH AVENUE TRIT Merrion Square CUFFE ST ST STEPHENS GREEN SOUTH ONVILLE R CAMDEN ST L CE OAD LWR B ST STEPHENS GREEN EAS AGGO SHELBOURNE R HERBERT PLA WR T S AVIVA T. STADIUM IVEA LEESON STREET LO OAD HARC GH ON R GARDENS FITZ WILLIAM HADDINGT OAD OURT S SQUARE T T LANSDOWNE ROAD 17-19 WER FITZWILLIAM STREET UPPER STATION HATCH ST Fitzwilliam Square CAMDEN ST UPR CE CLANBRASSIL S TON TERRA WIL OAD PEMBROKE R MESPIL R OAD ADELAIDE RD R ROAD CIRCULA SOUTH CHARLEMONT RD LUAS ARADE GRAND P SUSSEX RO AD CANAL RD SANDYMOUNT VE RD GRO STATION HERBER PARK T TRANS- Bus Routes Luas Lines Train Sta- Dublin BikeTaxi Ranks MARLBOROUGH S 2 GARDINER ST LOWER T CONNOLLY STATION 5 O'C ONNELL STREET T ELL S RN 3 AMIENS STREET PA 6 BUS STATION LUAS LUAS OAD Y STREET HENR CUSTOM R ALL R LOWE HOUSE GUILD STREET CAPEL STREET ABBEY ST Y STREET MAR CUSTOM HOUSE QUAY E EAST W 3 ABBEY ST MIDDL AY Arena 1 EDEN QU R I V E R L I F F E Y GEORGE'S QUAY T AY STREET ARA CITY QUA Y ABBEY ST UPPER4 BURGH QU TARA STREET ALK FEY STATION HELORS W D'OLIER S SIR JOHN ROGERSON’S QU LOCATIONBAC AY R I V E R L I F AY SIR JOHN ROGERSON’S QU ON QU AST T AY Y LOWER ORMOND QUA 17-19 Fitzwilliam StreetTO WNSENDUpper STREET is well located within the The area is well serviced in terms of public transport R i v e r L if f e y R i v e r L i AY f f e y AY ON QU INN'S QU ORMOND QU WELLINGT AY heart of Georgian Dublin. ThePEARSE property STREET is situated approx. links. Charlemont LUAS stop (green line) is situated 0.65 AY ESSEX QU MERCHAN 100 m southeast of St. Stephen’s Green and adjacent to km to the south west of the property and Pearse Street TS QU AY AY WOOD QU HANOVER QU BENSON STREET Fitzwilliam Square. DART station is approximatelyBORD GÁIS 1.2 AYkm to the north east. PEARSE STREET THEATRE T TRINITY C G R A N D DAME S AY OLLEGE Numerous Dublin Bus routesC A Nservice A L the area and the 24 There is an abundance of services and amenities within hour air coach to and from Dublin Airport has a number DUBLIN the immediate vicinity including restaurants, cafes,PEARSE banks STREET of stops in the immediateGRAND CANAL QU vicinity. A Dublin Bike docking ESTATE STATION PEARSE STREET and shops as well as the Burlington, Mespil and Merrion station is locatedCKEN STREET on Fitzwilliam Square, approximately MA hotels. Nearby occupiers include LinkedIn, The IDAFENIAN S and two minutes’ walk from the property. T FRANCES STREET SOUTH DOCK STREET PARK A GREAT LOCATION T the Australian Embassy. ON STREET MERRION SQU Shelbourne Park Greyhound GRAFT SON STREET LOWER GRAND CANAL S TRICK STREE TRICK Stadium ARE DAW ARROW STREET PA MERRION SQUARE N B ARE STREET KILD LOWER MOUNT S T GRAND CANAL DOCK STATION ST STEPHENS GREEN NORTH MERRI ON SQUARE S T. MERRION ST UPR AUNGIER STREET LUAS ST STEPHEN’S BAG GOT STREET GREEN T BATH AVENUE TRIT CUFFE ST ST STEPHENS GREEN SOUTH ONVILLE R CAMDEN ST L CE OAD LWR B ST STEPHENS GREEN EAS 17-19 FITZWILLIAM STREET UPPER AGGO SHELBOURNE R HERBERT PLA WR T S AVIVA T. STADIUM IVEA LEESON STREET LO OAD HARC GH ON R GARDENS FITZ WILLIAM HADDINGT OAD OURT S SQUARE T T WER LANSDOWNE ROAD STATION HATCH ST CAMDEN ST UPR CE CLANBRASSIL S TON TERRA WIL OAD PEMBROKE R MESPIL R OAD ADELAIDE RD R ROAD CIRCULA SOUTH CHARLEMONT RD LUAS ARADE GRAND P SUSSEX RO AD CANAL RD SANDYMOUNT VE RD GRO STATION HERBER PARK T TRANS- Bus Routes Luas Lines Train Sta- Dublin BikeTaxi Ranks THE PROPERTY 17-19 UPPER FITZWILLIAM The property is currently arranged The property features prominently STREET COMPRISES THREE to provide medical/dentistry use at on Fitzwilliam Street with frontage of INTERLINKED FOUR basement level, dentist surgery (cont.) approx. 22 metres to same. Primary STOREY OVER BASEMENT and office accommodation at ground access to the property is via Fitzwilliam GEORGIAN BUILDINGS and first floors and six residential units Street with separate access provided EXTENDING TO A TOTAL located across the second and third at basement level while there is also NET INTERNAL AREA floors. Internally, the property is in a separate access to the rear of the OF APPROXIMATELY 1,103.6 good condition throughout and retains property via Pembroke Lane. SQ M (11,879 SQ FT) GIA. a number of period features including sash windows, coving and cornicing. SCHEDULE OF ACCOMMODATION 17-19 FITZWILLIAM STREET UPPER Floor Use Sq M (GIA) Sq Ft (GIA) Sq M (NIA) Sq Ft (NIA) Basement Dentistry 114 1,227 68.5 737 Basement* Medical 101.91* 1,097* 101.91 1,097 Ground Offices 262.2 2,822 152.3 1,639 First Offices 213.3 2,296 166.6 1,793 Second Residential 206.7 2,225 Third Residential 205.5 2,212 TOTAL 1,103.61 11,879 489.31 5,267 Please note these areas were measured and certified by Malcolm *Access was not granted to part of the basement for measurement Hollis. A copy of the full report, which is assignable to the purchaser, purposes. These areas are NIA, taken from the lease is available in the online data room. TENANCY The below tenancy schedule provides a summary of existing tenancies within the building. Lease Passing Tenant(s) Floor Term Lease Start Break Expiry Next Rent Rent Use Date Option Date Review (pa ) Ground floor 17/18 & Paul McEvoy Basement of 17 Upper 10 years 01-Jan-11 31-Dec-20 €40,200 Dentistry Fitzwilliam Street Genesis Homes Ground floor 19 Upper 4 years 9 01-May-14 31-Jan-19 €22,000 Office Limited Fitzwilliam Street months Basement of 18 & Dr. Danielle 19 Upper Fitzwilliam 12 years 04-Apr-11 03-Apr-20 03-Apr-23 04-Apr-17 €10,700 Office Meagher Street First floor 17 - 19 Regency Estates 4 years 9 Upper Fitzwilliam 01-Nov-14 31-Jul-19 €40,000 Office Limited months Street Apartment 4, 18 Residential Second floor 26/02/2016 €27,600 Residential - 3 Bed Fitzwilliam Street Tenancy Apartment 5, 18 Residential Second floor 09/03/2015 €21,600 Residential - 3 Bed Fitzwilliam Street Tenancy Apartment 6, 18 Residential Third floor 29/10/2016 €16,800 Residential - 1 Bed Fitzwilliam Street Tenancy Apartment 7, 18 Residential Third floor 13/06/2016 €22,200 Residential - 1 Bed Fitzwilliam Street Tenancy Apartment 8, 18 Residential Third floor 01/01/2013 €7,800 Residential - 2 Bed Fitzwilliam Street Tenancy Apartment 9, 18 Residential Third floor 11/08/2017 €18,600 Residential - 1 Bed Fitzwilliam Street Tenancy Total €227,500 TENURE PLANNING AND ZONING Long Leasehold. The subject property is zoned Objective Z8 Georgian Conservation Areas which is defined Further information as ‘‘to protect the existing architectural and civic design character, and to allow only available on request.
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