168 and 169 Ivy Exchange, Dublin 1
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€600,000
Investment Property For Sale3,480 sq. feet (323 sq. metres)
Rating:
Contact Name: Patrick Mcloughlin
Selling Agent:
Avison Young
PSR Licence Number: 001234
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Property Description
Location
The properties are located within the wider Ivy Exchange development and are accessed from Parnell Square West, providing excellent connectivity to Dublin's north inner city, including the Ilac Centre, Rotunda Hospital, O’Connell Street, and Henry Street.
The subject property comprises two adjoining self-contained office suites incorporating mezzanine floors and full-height double-glazed frontage. Both units are fitted out as open-plan office accommodation and each benefits from one dedicated car parking space.
Unit 168, Ivy Exchange
The property is leased to City Break Apartments and is currently generating a rent of €30,274 (€17.54 psf).
The lease is due to expire the 31st of October 2027.
Unit 169, Ivy Exchange
The property is leased to Lyons Solicitors and is currently generating a rent of €28,000 (€15.95 psf).
The lease is due to expire the 8th of January 2027.
Opportunity
Fully let investment opportunity producing a total annual rental income of €58,274, reflecting an attractive Net Initial Yield (NIY) of 8.83% (based on two units sold together).
One dedicated car parking space is allocated to each unit.
Excellent investment opportunity for private investors and personal pension funds, with potential to enhance value through future lease regearing and extension.
BER Details
BER No. 801167685
Energy Performance Indicator: 131.37 kWh/m2/yr
This property was last updated: 4 days ago
