Property Description

This is a fantastic opportunity to acquire a high profile modern office block with a passing rent of €460,448 p.a. and a good mix of state and semi-state established office and educational tenants in the heart of Dun Laoghaire, opposite Dunnes Stores and McDonalds and adjoining the Royal Marine Hotel, BOI and Dun Laoghaire Shopping Centre.

Century Court comprises 4 adjoining office blocks with a total floor area of approx. 1,636.4 sq.m. (17,614 sq.ft.) over a shared basement car park with 30 designated car parking spaces.

These 4 storey over basement modern offices were carefully built in 1996 with red brick work and a granite faé§ade and arches on the ground floor to mirror the adjoining period Bank Of Ireland building, and other red brick buildings on Upper George€TM Street.

An Post (National Post Office service) occupy the high profile ground floor public office facing directly onto Upper Georges Street and there is a good mix of tenants including ABII (Acquired Brain Injury Ireland), St. John Of Gods, GEDU Holdings and St. Nicolas Montessori paying a total rent of €460,448 p.a.

The offices were built in line with the adjoining BOI building and the ground floor has excellent floor to ceiling height. The 4 offices have separate entrances and have been fitted out to a reasonably high standard to include a lift with basement access, modern toilet cores, modern open plan office floors, kitchens, suspended ceilings with recessed lighting and additional fire escape stairs.

This is a fantastic opportunity to acquire a solid mixed use investment property in the heart of Dun Laoghaire with a good mix of tenants. There is potential to increase rents and create new Leases within the buildings at upcoming Lease termination dates.


LOCATION
Dun Laoghaire is a large coastal town and port located approx. 12 kilometres to the southeast of Dublin City Centre and has a population of 233,860 (CSO 2022). It was originally a large trading town and ferry port but it mainly serves large cruise ships since the ferry service moved to Dublin Docklands.

Century Court occupies a high profile position on the east side of Upper George€TM Street adjoining the Bank Of Ireland Branch. These modern offices are located in the heart of Dun Laoghaire and the complex backs on to the Century Court apartments and the Royal Marine Hotel and Sansana Health Spa. The offices are located a few doors down from Dun Laoghaire Shopping Centre and office staff benefit from a host of shopping amenities along Georges Street to include Dunnes Stores and 3 large shopping centre€TM and a host of shops, cafes, pubs and restaurants.

Other amenities in the area include Morans Park overlooking Dun Laoghaire Pier, the Lexicon Library and Cultural Centre, the Haddington Hotel and garden café, the Peoples Park with the Peoples Park Cafe and weekly markets, the refurbished Dun Laoghaire Baths and Happy Out Cafe, the West Pier and Promenade as well as 4 established yacht and boating clubs.

The offices are only 8 minutes walking distance from Dun Laoghaire DART Station and the area is also services by several bus routes including the 7, 7a, 7n, 45a, 45b, 46a and 75 as well as the air coach.

There are several scenic shoreline walks and cycle lanes along the coast road as well as 3-4 large public parks, the 40 Foot and sports and leisure facilities in the area including Westwood, Sansana Spa and Health club in the Royal Marine Hotel, Dun Laoghaire Tennis Club to name a few.

Description
Century Court is split up into 4 different modern office blocks of varying sizes and floor layout, these 4 storey over basement offices have an impressive red Flemish brickwork faé§ade with a granite shop front with pillers and arched windows.

The interior office are of modern fit out specification and design with power floated concrete slabs and open plan floors over the 4 different blocks with separate stair cores, toilets and a lift servicing the basement car park. There are 3 external staircases servicing the rear offices and common courtyard area.


Century Court Dun Laoghaire €" Tenancy Schedule April 2022 available upon request

Title
The property is held under 5 separate long Leasehold titles for 999 years from 1st January 1996

BER C1 D2

SOLICITOR
Damian Hand
Partner
Kane Tuohy LLP Solicitors
Hambledon House
19-26 Lower Pembroke Street


UNIT TENANT FLOOR AREA (M2) FLOOR AREA (FT2)
Block A - Ground Floor An Post 255.02 2,745
Block A - 1st Floor ABII 255.48 2,750
Block A - 2nd Floor ABII 261.83 2,818
Block A - 3rd Floor ABII 200.61 2,158
Acquired Brain Injury Ireland




Block B - 1st Floor GEDU HOLDINGS 75.07 808
Block B - 2nd Floor GEDU HOLDINGS 72.56 781
Block B - 3rd Floor GEDU HOLDINGS 51.47 554
GEDU HOLDINGS T/A English Path Dublin



Block C - 2nd Floor St. Nicholas Montessori 183.20 1,972
Block C - 3rd Floor St. Nicholas Montessori 151.80 1,634



Block D - 2nd Floor Saint John Of Gods 72.46 780
Block D - 3rd Floor Saint John Of Gods 50.54 544


Total 1,630.04 17,544

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: 14 days ago