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67 Patrick Street, Dun Laoghaire, Co. Dublin

Investment Property (279.72 sqm) Sale Agreed
of

Sale Agreed

Features

  • Suburban office investment.
  • Modern purpose built office building constructed circa 2002.
  • Currently generating a rental income of €60,830 per annum.
  • Net initial yield of 7.76% after standard purchasers costs.
  • Net Internal Area of approximately 279 sqm (3,006 sqft) and 7 car parking spaces.
  • 100% occupancy rate.

Location

Dun Laoghaire is a suburban, seaside town approximately 12km south east of Dublin City Centre.

The property is situated on the eastern side of Patrick Street in the centre of Dun Laoghaire less than 500 metres from George's Street Lower which is Dun Laoghaires main shopping thoroughfare. The immediate area comprises a mixture of residential and commercial properties.

Excellent public transport services are provided in the immediate area with the nearest bus stop within 2 minutes' walk from the property. It is approximately 700 metres from Dun Laoghaire DART station (light rail) which provides access to the city centre.

Full Description

The property comprises a mid-terrace two storey office building with car parking facilities to the rear of the property. The exterior is of modern construction with a rendered concrete finish including double glazed windows at ground and first floor level.

Internally the property is finished to a good standard and is currently laid out in 3 separate office suites. The specification includes CAT 5 cabling, intercom access, gas fire central heating, ceiling tiles and plastered and painted walls.

 

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    Description Sq.m Sq.Ft Car Spaces
    Ground Floor (Bluebird) 68.93 742 2
    Ground Floor (Andovar) 76.65 825 1
    First Floor (Pinnacle) 133.69 1,439 4
    Total  279.27 3,006 7

    All intending purchasers are specifically advised to verify the floor area and undertake their own due diligence in this regard.

Lease Details

Ground floor is let to Bluebird Care for a term of 10 years from 1st February 2017 for a passing rent of €15,708.50. First floor is let to Pinnacle Engineering for a term of 10 years from 25th February 2017 for a passing rent of €30,621.50. The ground floor office to the rear is let to Andovar Localization Services Ireland Limited for a term of 4 years 9 months from 3rd of June 2017 for a passing rent of €14,500.

BER Details

BER: B3-C1
BER No. Individual BER details are available on request.

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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