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Prestigious office investment in CBD

Dublin, IrelandUnlock address

67%

€26.500.000

Office

#34305

Core+

1 Oct 2024

Property Details

Broker

Sold

44,735 sq.ft.

4,156 m²

Leasable area

592 €/sq.ft.

6,376 €/m²

8.07 %

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Prime opportunity to secure a prestigious office investment in a sought-after Dublin location. The property spans 44,735 square feet and is located in Dublin's Central Business District. The office building is currently leased to a diverse group of tenants, including Medtronic and MetLife, which provides a stable income with a weighted average unexpired lease term (WAULT) of about three years. The deal is expected to yield a net initial return of 8.07%, which translates to €592 per square foot, after acquisition costs, it added.