Colin O'Shea

Location

No. 12 is located on Pembroke Road, Ballsbridge, Dublin 4 which adjoins Upper Baggot Street and just a 10-minute walk from Ballsbridge. The property is located close to a host of high end café’s, restaurants and hotel’s including The Dylan Hotel, Searsons, Angelina’s, and Roly’s.

 The immediate area is home to several well known occupiers including Bank of Ireland, Amazon and Sky. Furthermore, the property is located within the Embassy belt, nearby Embassies include the United Arab Emirates and United States. Pembroke Road provides for a mix of family homes, luxurious new and period apartments together with offices, accordingly No 12 can be easily adapted to suit the desired use.

 Description

No 12 comprises a three storey over garden level mid-terrace Victorian building with a generous sized private garden to the rear and an enclosed south facing courtyard to the front. The building, which is in need of refurbishment internally, features generous floor to ceiling heights and retains many original features such as decorative cornicing. The building boasts generous natural light throughout due to the large sash windows to the front and the rear. WC/WHB, kitchenette and showers are provided for in the building. The garden level has the benefit of separate independent access to the front.

The hall floor and second floor were previously in residential use while the basement & first floor were previously in office use. The property lends itself to office or residential use, either in part or entirety (SPP).

-Standalone three storey office building located in Park West Business Campus

-Advised floor area approx. 24,387 sq. ft. (GIA) with 32 car parking spaces

-Let to Exela Technologies on a 10 year lease from October 2014

-Unexpired term to lease expiry 3.8 years

-Passing rent €349,850 per annum

-Net Initial Yield 8.37% / Capital Value €156 psf after standard purchaser costs of 9.96%

-Mid terrace industrial facility including two storey offices

-Advised floor area approx. 1,888 sq. ft. (GIA)

-Sale and leaseback to Tim Kelly Electrical Contractors Ltd

-New 5 year FRI Lease

-Rent - €20,000 per annum

-Net Initial Yield 9.09% / Capital Value €106 psf after standard purchaser costs of 9.96%

This is a unique opportunity to acquire two substantial Georgian properties with mews’ in an unrivalled city centre location. The offering comprising No’s 46 & 47 – two prestigious Georgian buildings on Merrion Square, with two modern mews buildings and car parking to the rear, accessed via Stephen’s Place. No.’s 46 and 47 comprise two adjoining, four storey over basement Georgian buildings. The buildings present in excellent condition. Each building features generously proportioned rooms, spacious common areas and striking entrance hallways. Both buildings also retain many original period features with attractive cornicing, sash windows & shutters, ornate fireplaces and ceiling roses throughout. The mews buildings, accessed via Stephen’s Place, provide modern office accommodation over three floors. Each property comes with the benefit of car parking to the rear, accessed via Stephen’s Place. The entire is situated on a site area of approximately 0.36 acres.

Tenancy Information

46 Merrion Square & 46 Stephen’s Place

- No. 46 Merrion Square is multi-let to The Institute for Study Abroad, Two Ten Health and The Association of Consulting Engineers of Ireland.

- Total passing rent - €215,220 p.a.

- WAULT of approximately – 3.3 years.

- The mews building (46 Stephen's Place) is vacant.

47 Merrion Square & 47 Stephen’s Place

- No. 47 Merrion Square and 47 Stephen’s Place are let to NewsWhip by way of two separate 10 year FRI leases that run co-terminus from the 8th February 2016.

- Total passing rent - €311,430.

- WAULT of approximately - 5.4 years.

This is a unique opportunity to acquire a substantial Georgian property with mews in an unrivalled city centre location. The offering comprising Number 46 Merrion Square - a prestigious Georgian building overlooking Merrion Square, with modern mews building and car parking to the rear, accessed via Stephen's Place.

Tenancy Information

No. 46 Merrion Square is multi-let to The Institute for Study Abroad, Two Ten Health and The Association of Consulting Engineers of Ireland. The mews (46 Stephen's Place) is vacant. The total passing rent is €215,220 per annum. WAULT of approximately 3.3 years.

This is a unique opportunity to acquire a substantial Georgian property with mews in an unrivalled city centre location. The offering comprising Number 47 - a prestigious Georgian building on Merrion Square, with a modern mews building and car parking to the rear, accessed via Stephen's Place. 

The building features generously proportioned rooms, spacious common areas and striking entrance hallways. The building also retains many original period features with attractive cornicing, sash windows & shutters, ornate fireplaces and ceiling roses throughout. The property comes with the benefit of car parking to the rear, accessed via Stephen’s Place and there is additional pay and display on street parking on Merrion Square.

Tenancy Information

No. 47 Merrion Square and 47 Stephen’s Place are let to NewsWhip by way of two separate 10 year FRI leases that run co-terminus from the 8th February 2016. The total passing rent is €311,430 per annum. WAULT of approximately 5.4 years. 

The building comprises a substantial four storey over basement mid-terrace Georgian building. The front of the property has a traditional brick façade, sliding sash windows and attractive Juliet balconies at first floor. The building which is in need of refurbishment internally features generous floor to ceiling heights and retains some original features to include fireplaces and decorative cornicing. The lower ground floor also enjoys independent access directly from Upper Pembroke Street. The building features an impressive original archway through the building at ground floor level providing access to Fitzwilliam Court.

The property is located on approx. 4.9 acres and comprises a large detached light industrial building with two storey office accommodation to the front and a substantial warehouse to the rear where the brewery is located. The entire extends to approximately 61,000 sq ft. The industrial unit is well built, being of steel portal frame construction, with concrete block walls and profiled metal cladding under a twin skin metal deck roof.

Rye River Co. operate their state of the art brewery from the premises and occupy the ground floor offices and warehouse by way of a 8 year 3 months lease from October 2019, at a rent of €176,000 per annum. A rental uplift at year 6 has been agreed at €200,000 and the tenant has the benefit of a break option at the end of year 7, subject to 6 months prior written notice. 

VWS (Ireland) t/a Veolia Water Technologies occupy the offices on the first floor and a small section of the warehouse by way of a 10 year lease from January 2018, at a rent of €84,000 per annum. The lease provides for 5 yearly rent reviews and the tenant has the benefit of a break option at the end of year 5 and 7, subject to 6 months prior written notice.

The ground floor retail unit is located in a prime pitch on the corner of Thomas Street and Meath Street. This is a busy central location in the heart of Dublin City Centre benefiting from a high volume of passing traffic and strong footfall. 

Public transport links are excellent, the main line rail and Red Luas are accessible at Heuston Station. The Luas Red Line at Smithfield, Green Line at St Stephen's Green and numerous Dublin Bus routes also serve the immediate area.

Dublin 8 is a vibrant quarter that is undergoing major regeneration at present including the planned development at Guinness’s St James's Gate brewery site and Oakmount's new office and Leisure development located nearby to name just a few.

Description

The property comprises a ground floor retail unit with dual frontage onto both Thomas Street and Meath Street. The unit provides for open plan retail space  to the front with storage, kitchenette and toilet facilities to the rear. The unit is in excellent condition and includes carpeted floors, suspended ceiling tiles and air conditioning throughout.

Tenancy Information

Let to Ladbroke (Ireland) Limited by way of a 10-year Internal Repairing and Insuring lease from the 31st January 2013 at an initial rent of €28,000 per annum. A Deed of Variation was subsequently agreed on the 1st July 2015 and the rent was revised to €21,000 per annum to lease expiry.

Roseville Business Park is located in north Co. Dublin, approx. 16 km north east of Dublin City Centre and 3 km west of Donabate village. Roseville Business Park is an established industrial and logistics location adjoining Turvey Business Park, Red Leaf Business Park and Shannon Valley Centre. The Park is situated just off the M1 motorway (Junction 4), the motorway that links Dublin to Belfast – Ireland’s two largest cities.

The property comprises a modern detached, facility with two storey offices to the front and warehouse to the rear, located on a large secure yard used for showroom / storage and assembly / reconditioning purposes. It is a large regular shaped site, with just 8% site coverage. The property is of steel portal frame construction with a mix of concrete block infill walls and profiled metal cladding, all under a twin skin metal deck roof, incorporating Perspex rooflights. The clear internal height is 6.73m, rising to a height of 9.1m at the apex.

The office accommodation comprises a reception, mix of open plan and partitioned offices, canteen, changing rooms, WC’s and shower facilities. General specification includes plastered and painted walls, carpet tiles and suspended ceilings with inset fluorescent lighting and perimeter trunking for power and data points. The offices are fully air conditioned and benefit from gas fired central heating.

Tenancy Information

The property is let to Portakabin (Ireland) Limited by way of a 25 year FRI lease from the 1st March 2003. The passing rent is €395,000 per annum, which will reduce to €245,000 per annum on the 1st March 2021 and is payable until lease expiry (1st March 2028). The Tenant has the benefit of a break option on the 1st of March 2026, subject to 12 months’ notice. The lease is guaranteed by Portakabin Limited who have an excellent Dun & Bradstreet rating of 5A1. Indicates excellent financial strength and minimal risk.

Substantial five storey over basement building. Excellent City Centre location, just 20m from O' Connell Street. Mixed Use (Retail and Office). Extends to approx. 3,100 sq ft.  Asset management potential. Laid out to provide retail use on the ground floor, storage at basement level and a number of office suites across the first, second, third and fourth floors.

40 James Street comprises a mixed-use, ultra-modern four storey building. The property was rebuilt in 2006, save for the attractive red brick facade which was fully restored. The property provides a mix of uses with a retail unit on the ground floor, a two-bedroom apartment on the 1st floor, and office accommodation to the rear of the ground and 1st floor and to the entire of the 2nd and 3rd floors.

Location

The properties are located in one of Dublin’s most sought after rental locations at the junction of Harrington Street and Camden Street, just a 10 minute walk from St Stephens Green and Grafton Street. The immediate area on Camden Street and Harcourt Street provides for an array of bars, restaurants and Cafes including Brother Hubbard’s, Café Sol, Camden Exchange, Sophie’s and D Two to name just a few. The surrounding area is home to many established businesses including EY, Investec, WeWork and Amazon’s new 170,000 sq. ft. office block on Charlemont Street. A host of colleges are also within walking distance including Griffith College, Dublin Business School on Aungier Street and Trinity College. The area is well served by a host of public transport facilities including the LUAS Green line at Chalemont Place and Harcourt Street, The DART at Pearse Street, Dublin Bikes and numerous Dublin Bus routes.

Description

No. 2 and no. 3 Harrington Street comprise two three storey over basement mid-terraced period buildings. The front of the buildings have traditional brick façade and sliding sash windows. The buildings have been extended to the rear at ground and first floor level and provide pedestrian access on to Synge Place. There is a small enclosed yard to the rear of each building, used for bin and bicycle storage.