73-83 Lower Mount Street, Dublin 2 | Property for sale | Savills
Guide price €37,500,000
Subject to Contract / Contract Denied

73-83 Lower Mount StreetDublin 2

  • Sold
  • Sole agency
  • Freehold
Investment

Key features

  • 60,207 sq ft prime office, split between Ballaugh House and Timberlay House
  • Two coterminous FRI leases to the OPW from July 2021 for a period of 10 years
  • Rental income of €2,373,245 per annum, equating to €35.00 psf and €3,500 pcs
  • Planning granted for a redevelopment of 117,177 sq ft GIA Grade A office
  • WAULT of approx. 5.4 years
  • Secure lower ground level car parking with 76 spaces

Prime Dublin 2 offices extending to 60,207 sq ft, comprising of Ballaugh House and Timberlay House

About this property

  • The properties comprise offices arranged over lower ground and four upper floors and extending to a total Net Internal Area of 5,593 sq m (60,207 sq ft). Both buildings were developed in the early 1980s and have a red brick façade and over 50 metres frontage onto Mount Street Lower.

73-83 Lower Mount Street presents a unique opportunity to acquire a prime office investment fully let to state-backed income.

Fergus O'FarrellProperty agent

Local information

  • The property is centrally located in Dublin’s Central Business District. It is approximately 250m from Merrion Square, 1km from St Stephens Green and 900m from Grand Canal Dock.
  • It benefits from excellent connectivity, being just a seven-minute walk from Grand Canal DART Station. There is a Dublin Bus stop located outside the property. Dawson Street Luas stop is less than a 15 minute walk, offering light rail connectivity between North, South and West Dublin.
  • The local area around Merrion Square and Grand Canal provides a diverse mix of cafés, restaurants, bars and amenity areas, making it a very desirable office location.

Additional information

  • Two 8-person passenger lifts serving all floors
  • A mix of fluorescent modular recessed and LED lighting
  • A mix of solid floors with carpets, carpet tiles and vinyl finish
  • Full cafeteria and commercial kitchens
  • Male and female WCs on all levels with adaptations to create accessible WCs on upper floors

Energy performance

BER B2