Property Description

- Georgian Office Opportunity
- Prime CBD location
- Extending to approx. 325 Sq. m. (3,499 Sq. ft.)
- Passing rent of €52,332 per annum
- Residential conversion opportunity S.P.P
- Guide Price €1,250,000
- Attractive capital value of €357 per Sq. ft.
- Tenants not affected

The Opportunity
To acquire a prime Dublin 2 Georgian building suitable for owner occupiers, investors or those seeking a residential conversion opportunity subject to planning permission.

Property Location

The subject property, 9 Herbert Street, is located on the Northern end of the street 1km west of St. Stephens Green.

Number 9 is well positioned in the centre of Dublin's traditional CBD and Georgian quarter. The immediate area is considered to be one of Dublin's premier business locations home to multinational occupiers such as LinkedIn HQ, Amazon, Blackstone, BDO and Bank of Ireland.

The subject property is located in close proximity to affluent residential locations including Ballsbridge, Donnybrook & Ranelagh. Herbert Street is serviced by a wide array of amenities all within walking distance.

Property Description

The subject property comprises a mixed-use mid terraced four storey over basement Georgian property extending to approx. 325 Sq. m. (3,499 Sq. ft.). Externally the property benefits from a red brick façade, two bays of Georgian windows, both front and rear access from basement and ground floor and enclosed rear garden.

Internally the building is configured to provide basement and four upper floors. The basement, ground and hall return are currently vacant. The first, second and third floor are currently occupied on both a commercial and residential on the below basis producing a passing income of €52,332 per annum.

1st Floor:
Commercial Tenant
Rent: €18,960 p.a.
Lease: 1 November 2021 to 30 November 2026
Area: 59 sq.m. (630 sq.ft.)

2nd Floor:
Residential
Rent: €16,152 p.a.
Lease commencement: 5 November 2014
Area: 77 sq.m. (826 sq.ft.)

3rd Floor:
Residential
Rent: €17,220 p.a.
Lease commencement: 1 June 2021
Area: 77 sq.m. (827 sq.ft.)

For further information please contact agents.

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 7 days ago