Michele McGarry

47 Merrion Square comprises a prestigious Georgian building on Merrion Square, with a modern mews building and car parking to the rear, accessed via Stephen's Place. This is a unique opportunity to acquire a substantial Georgian property with mews in an unrivalled city centre location. 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 4.05 years. 

No.’s 46 and 47 Merrion Square comprises two adjoining, four storey over basement Georgian buildings with two modern mews buildings and car parking to the rear, accessed via Stephen’s Place. 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.

2050 Orchard Avenue comprises nine modern office / light industrial units. The warehouse is of single span steel portal frame construction with insulated metal deck clad roof incorporating translucent lighting. The eaves height is approx. 7m and access is via automated roller shutter doors.

The offices are over two storeys and the specification includes carpeted floors, perimeter trunking, electric storage heating and suspended ceilings with recessed fluorescent lighting. All units are fitted with a tea station and toilet facilities. In addition, all tenants have carried out extensive fit-outs, thus underpinning their commitment to 2050 Orchard Avenue.

LOCATION

Citywest Business Campus is a world class managed Business Campus conveniently located adjacent to the N7 motorway. Just 4km’s south west of the M50 motorway providing direct access to Dublin International Airport, the Port Tunnel and all arterial routes leading from the city centre.

CITYWEST BUSINESS CAMPUS

Citywest Business Campus is home to a number of world leading occupiers and boasts all the amenities required of a world class business location. The campus remains the location of choice of some of the top global companies in Pharmaceuticals, IT/Software, Telecomms, Electronics, Media and Food.

The strength of Citywest as an office location is underpinned by the low vacancy rates, traditionally below that of other suburban locations. Industrial vacancy rates within the campus are essentially zero

TRANSPORT

Numerous Dublin Bus routes including the (77A, 65B & 69) service the campus from the city centre every 15 minutes. The Red Line LUAS is just a short walk from the subject property which provides direct access to Heuston Station and Connolly Station in the city centre. Here it connects with the Green Line LUAS and the DART providing access to the south suburbs and all mainline train lines.

Citywest also operates a private express bus service to the city centre, suburban areas and to the LUAS at peak times. The M50, Dublin’s Orbital motorway, is located approx. 4 km’s from Citywest which allows quick and easy access to Dublin airport.

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

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.

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 3rd Floor of Ulysses House extends to approximately 6,750 sq ft and is accessed via an 8 person passenger lift. The space is currently laid out to provide for a mix of open plan and cellular offices, board room, staff canteen, WC’s and shower facilities. Occupiers in Ulysses House include: RF Property Management, Carol Nash Insurance Consultants, The Irish Bible Institute and BSC Dublin School of English.

Location

Ulysses House is located on Foley Street in the heart of Dublin 1, close to the junction with Amiens Street and Talbot Street. This is a superb central location that enjoys all the amenities the city has to offer including an array of cafés, bars, and restaurants. The property is within easy reach of Henry Street and O’Connell Street , Dublin’s busiest retailing district. Oakmounts, redevelopment of the iconic Clearys department store together with Hammersons recent Masterplan for Dublin Central, for their O’Connell Street / Moore Street site, will greatly enhance the general vicinity of the North inner city. The International Financial Services Centre (IFSC) is within walking distance and is home to a number of world class occupiers including AIG, Citi Bank, BNP Paribas and A&L Goodbody. Dublin

Docklands, where half of the worlds top financial institutions are now based is just a short walk away. The recent completion of 91-94 North Wall Quay together with the ongoing construction of Salesforce

Tower, The Exo Building and the proposed Waterfront South Central underpins the continued growth of the North Docklands. The area surrounding Ulysses House is subject to major regeneration in the

coming years, the most significant of which is Ballymore’s Connolly Quarter, a mixed-use office and residential development to the north of Connolly Station. Planning has recently been granted on the site adjoining Ulysses House for an impressive 12 storey co-living development. 

Tenancy Information

Let to Moore by way of a 15 year lease from the 29th January 2016 with 5 yearly open market rent reviews.

Moore Ireland is a leading Irish provider of accountancy and advisory services and the 9th largest auditing and accounting firm in Ireland. Established in 1970, Moore employ’s a team of 130 staff in Ireland with offices in Dublin and Cork. Moore is part of a worldwide network of over 30,000 professionals with over 600 offices in 110 countries.

5 & 6 St. James’s Terrace comprises two adjoining three storey over basement period buildings extending to approximately 8,911 sq ft (GIA). The buildings present in excellent condition having been superbly maintained by the current owners and retain many original features including decorative cornicing, ceiling roses and sash windows.

Location

5 & 6 St. James’s Terrace are located in a prominent position in the heart of the affluent village of Malahide. The buildings boast spectacular views overlooking Malahide Beach, Yacht and Tennis Clubs. St. James’s terrace is located in a vibrant area just off the main street, close to a host of bars, restaurants, shops and cafe’s, including Donnybrook Fair, Gibneys and Il Sorriso. Malahide is home to a number of well known commercial occupiers including AIB, Ulster Bank, Peter Mark and EBS.

Malahide is located approximately 18km’s from Dublin City Centre along one of the most beautiful stretches of coastline in the country. Malahide Castle and its stunning grounds are located just 1km away, while Malahide Marina, Golf Club and The National Cricket Venue, Malahide Cricket Grounds are all within close proximity. Dublin City Centre is easily accessible, Malahide Dart Station is just a 2 minute walk from St. James’s Terrace and Dublin Bus provides regular access to the city from directly outside the property. There is a direct bus to Dublin Airport from the corner of St. James’s Terrace and the Malahide Coast Road.

Description

The popular Jaipur Restaurant occupy the basement level of no. 5 while Natural Organic Hairdressers occupy the ground floor and return, both tenants have the benefit of own door access. Wow Fitness and Sail Training Ireland occupy the basement of no. 6 and also have the benefit of own door access, while Complimentary Healthcare and Collab Design occupy the ground floor and return.

The first and second floors of the two buildings are interlinking and laid out to provide bright individual office suites with toilet facilities located on the second floor. General specification in the office  suites include carpeted floors, perimeter trunking and inset fluorescent lighting.

The property has the benefit of 8 car parking spaces to the rear which are accessed from Townyard Lane.

 Key Investment Highlights

•                 A collection of 69 modern apartments let to two leading ‘AHB’s’; - Tuath Housing Association and Co-Operative Housing Ireland

•                 Held by way of long term secure leases, government backed, incorporating CPI linked reviews and no break options

•                 20 Year leases with 17.83 years remaining

•                 40 apartments let to Tuath Housing Association in An Sean Mhuíleann, North Circular Road

•                 29 apartments let to Co-Operative Housing Ireland in Parklands, Ivy Terrace

•                 Net Rent Roll €524,845 per annum

THE LOCATION

Tralee is the charming town of County Kerry in the south west of Ireland. Tralee is the largest town in the County and acts as the County administrative, retail and services centre. The town has a number of key functions including principal retail and commercial area, civic and administrative and cultural functions with leisure, entertainment and community facilities. Other services in the town include a District and Circuit Court, Kerry General Hospital and the Headquarters for Kerry County Council. Over the last number of years Tralee has experienced growth in areas such as tourism, housing developments, retail and commercial expansion, infrastructural projects and urban regeneration.

Tralee Train Station, Dunnes Stores shopping complex and car park are also within close proximity to the properties as is the Tralee Institute of Technology Sports Complex. Manor West Shopping Centre and Retail Park is located at the edge of Tralee Town Centre.

An Sean Mhuíleannand The Parklands are both located in the heart of Tralee town, a short 9 minutes’ walk apart.

The Parklands

• 29 units, Parklands, North Circular Road


• Lease to Co-operative Housing Ireland


• 20-year term with staggered commencement from December 2018 to october 2019

An Sean Mhuíleann

• 40 units, An Sean Mhuíleann, North Circular Road,


• Lease to Tuath Housing Association


• 20-year term with staggered commencement from December 2018 to October 2019

Allianz House is a distinguished headquarter building located in Elmpark Green, Dublin 4 and fully let to Allianz plc. The eight-storey office building extends to 7,910 sq m (85,142 sq ft) (NIA) and benefits from impressive entrances with a double height atrium at ground level and a corporate reception at basement level. Allianz House boasts extensive and spectacular panoramic views of Dublin Bay, City and Mountains on all floors. 

Building 12 Cherrywood comprises a three-storey office building extending to approx. 79,417sq ft (GIA) with 222 surface car spaces on a site of approx. 2.5 acres.