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20 Molesworth Street, Dublin 2

Investment Property (437.00 sqm) Sale Agreed
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Sale Agreed

Features

  • Well-presented 4 storey over basement Georgian office extending to approx. 437 sq. m. (4,710 sq. ft.)
  • Located on Molesworth Street, in the heart of Dublin’s CBD adjacent to numerous high profile occupiers to include Maples, AIB, Barclays and Jet.com
  • Currently occupied by 11 tenants producing a passing rent of €171,040 per annum
  • There are two first floor vacant units offering the opportunity to increase the rent roll in the short term
  • Tenants not affected

Location

20 Molesworth Street is situated in one of Dublin’s  most sought-after office locations within the Central Business District. The property has an excellent profile with the iconic Leinster House located within 30m and South Dublin’s prime retail thoroughfare, Grafton Street, positioned within 300m. The area boasts a range of amenities including many shops, cafes and restaurants as well as being well served with public transport facilities. Molesworth Street is currently undergoing much redevelopment resulting in approx. 200,000 sq. ft. of new office and retail accommodation. Together, these will establish the area further in terms of being a prime office location and increase the daily footfall. The immediate area boasts a strong public transport network with the Luas operating from Dawson Street positioned within 240m of the subject property connecting the northern and southern lines. Adding to this are numerous bus routes and Pearse Dart Station has regular services to Dublin coastal towns. There is also a Dublin Bike Station located on Dawson Street.

Full Description

20 Molesworth Street is an elegant Georgian building comprising of approx. 437 sq. m. (4,710 sq. ft.) of character filled office accommodation over 5 floors. The property is well-presented retaining much of the original character and charm of a period property whilst functioning well as a modern semi-serviced office. The accommodation is broken up into 16 office suites with a shared front door for the upper floors and a separate entrance at basement level. A number of the tenants occupy more than one unit and there are 2 vacant office units on the first floor. The Georgian Society once praised the property for having “one of the most beautiful doorways in Dublin” and this charm is carried through the property where one is greeted by a classically Georgian entrance hall with ornate black and white tiled flooring and sweeping staircase. The property has a bright and spacious feel with well-proportioned office accommodation and tall sash windows flooding each of the office units with light.

Viewing Details

By appointment only with joint agents Lisney and Savills.

Accommodation

    Floor Unit Expiry Income Per Annum
    Basement B1 25/08/2018 €19,940
    Basement B2 25/08/2018 €22,202
    Basement B3 25/08/2018 €2,857
    Ground Floor G1 Monthly Rolling €9,843
    Ground Floor G2 Monthly Rolling €23,757
    First Floor F1 Vacant Vacant
    First Floor F2 Vacant Vacant
    Second Floor S1 30/03/2018 €15,240
    Second Floor S2 12/04/2018 €10,020
    Second Floor S3 30/09/2018 €13,200
    Third Floor T1 31/12/2018 €11,400
    Third Floor T2 30/11/2018 €3,240
    Third Floor T3 02/12/2018 €12,600
    Third Floor T4 31/12/2018 €5,880
    Third Floor T5 31/01/2019 €4,860
    Basement and Ground Floor B & G 31/10/2026 €16,000
    Total:     €171,040

BER Details

BER: Exempt

Contact Details

Address: St Stephen's Green House, Earlsfort Terrace, Dublin 2
Telephone: +353-1-638 2700 or you can also email us at dublin@lisney.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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