The Friary, Bow Street, Dublin 7

Asking Price: €2,000,000

Property Location

These unique offices are located fronting Bow Street in the heart of Smithfield, approximately 100m west of Smithfield Square. Smithfield is conveniently located close to the Law Library, The Four Courts and also on the LUAS Red Line, which runs between Tallaght, Connolly Station and the IFSC/North Docklands, with a stop located on Smithfield Square. The location is ideal for a variety of professional practices and companies.

Property Description

The property comprises a four storey office building, which is period in character but is not listed under the Dublin City Council Development Plan 2011-2017. The building forms part of the ‘campus’ of the Capuchin Friary, which is listed. The building has been converted to 12 office suites with the benefit of ancillary surface car parking. The property is fully let to four separate occupiers as highlighted in the tenancy schedule and extends to 10,460 Sq.ft. over four levels. The building comprises basement, ground, first and second floor levels with external stair access. Rental values range from €11.54 psf to €37.23 psf. Lease expiry dates are staggered which will appeal to investors seeking an ‘asset management’ opportunirty. Investment Considerations • Fully let Dublin City Centre office investment • Excellent opportunity to acquire a unique four story office building adjacent to Smithfield Square • Comprises 12 office suites over 4 levels • Extending to 972 Sq.m. (10,460 Sq.ft.) • Fully let to 4 individual tenants with a broad range of occupier type • Staggered lease expiry dates • Ideal asset manage opportunity

Property Specification

The offices have been fitted out to a good specification to include: • Electric storage heating • Perimeter trunking - Solid floors • Georgian sash windows • Flourescent strip tubing lights • Fitted tea stations • Ladies, gents W.C. on each floor

Annual Rent

Currently producing €200,400 per annum

Property Size/Area

972 sq.m / 10,460 sq.ft

Service Charge

Approximately €3,000 per annum

Car Parking

10 Car Spaces

Zoning

City Centre (Mixed Use) – Zone Z5 - Land Use Zoning Objective Z5: To consolidate and facilitate the development of the central area, and to identify, reinforce, strengthen and protect its civic design character and dignity. The property is not listed under the Dublin City Council Development Plan.

Title

Freehold

VAT

We understand that VAT is applicable on the sale of this property however all intending purchasers are advised to seek advices on taxation purposes.

BER Rating

BER Number

800338907