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2nd & 3rd Floors, 35 Cathedral Court

New Street South, Dublin 8

For Sale Guide Price €2,250,000
Property Highlights
  • Modern office investment
  • Total floor area extending to approximately 496 sq.m. (5,340 sq.ft.)
  • WAULT of circa 5 years & 10 years to break and expiry
  • 5 basement car spaces
  • 2nd Floor let to Cuckoo Events Limited T/A Safe Events
  • 3rd Floor let to Currie & Brown (Ireland) Limited
  • Combined rent of €182,220 per annum
  • Guide Price €2,250,000
  • NIY approximately 7.36% (after standard purchasers’ costs of 9.96%)
  • Tenants not affected.
Property Location

Cathedral Court is a vibrant mixed use residential and commercial development located on New Street South, Dublin 8. The occupants can enjoy a range of nearby amenities, including shops, bars and restaurants.

There are a wide range of public transport links within the immediate vicinity with the Green Line Luas circa 7 min walk away at St Stephen’s Green and a host of Dublin Bus routes from New Street South.

Dublin 8 has witnessed a transformation of the local area in recent years by the development of the Eight Building in Newmarket Square and The Fumbally Office Development at the nearby Fumbally Square and the recent construction of both the Maldron Hotel and Hyatt Centric provide additional amenities for potential occupiers.

Property Description

The subject property comprises the second and third floors of Cathedral Court with each floorplate extending to approximately 248 sq.m. (2,670 sq.ft.).

The accommodation is well proportioned and is fitted out to a high standard to include reception and waiting area, cellular glazed meeting rooms, open plan office accommodation, kitchen facilities, comms room, storage, and WC accommodation.

Notable features include exposed concrete ceilings and columns. There is also a state of the art AOV system in situ.

In addition to this, 5 basement car parking spaces are demised to the property. Also demised is a basement storage space extending to approximately 25 sq.m. (270 sq.ft.) which is for the exclusive use of Cuckoo Events Limited.

Lease Terms

Floor Tenant Lease Start Term Break Option Area (sq. ft) Passing Rent Total Rent
2nd Cuckoo Events Limited Nov-22 9 Yrs 11 Months Yr 5 2,670 €86,775  €92,775
3rd Currie & Brown (Ireland) Limited Nov-22 9 Yrs 11 Months Yr 5 2,670 €89,445  €89,445
Total              €182,220

*3 cars demised to 2nd Floor (Cuckoo Events Ltd)

*2 cars demised to 3rd Floor (Currie & Brown)

*All parties must satisfy themselves to the accuracy of floor areas.

Data Room

www.2and3cathedralcourt.com

Property Size/Area
Approximately 5,340 Sq. ft.
Property Status
For Sale
BER Details
Ber Number - 800782013
Ber Energy Performance Indicator - 258.23kWh/m2/yr 1.43
Property Location
Documents
QRE Contacts
Harry Byrne
Harry Byrne
BSc. Hons  

Surveyor

Harry is a key member of the QRE Investment and Agency team. He has experience in a wide variety of ... View More

+353 86 855 6927

(01) 566 8357

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Bryan Garry
Bryan Garry
MRICS MSCSI  

Director Investment

Bryan has over 13 years of experience in the Irish commercial property market. As Director of the In... View More

083 3918649

(01) 637 5544

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