1 Custom House Plaza, Harbourmaster Place, IFSC, Dublin 1, D01C2C5
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1 Custom House Plaza, Harbourmaster Place, IFSC, Dublin 1, D01C2C5

€17,000,000

3864 m²

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 3864 m²
- High-profile core plus office investment in the heart of Dublin's International Financial Services Centre (IFSC) - 5 storeys over basement office building extending to approx. 41,589 sq. ft (3,864 sq. m) NIA - Multi tenanted and currently 60% occupied, generating a net operating income of €558,000 p.a - Strong tenant line up including Zellis, a leading provider of payroll and HR solutions and Kaseya, an American IT and security management multi-national - WAULT to earlier of tenant break/expiry of c. 4.46 years and to expiry of c. 6 years - Excluding car parking, the current passing rent reflects an average rate of €34.60 per sq. ft (€371.35 per sq. m), well below neighbouring rental levels - Significant potential to drive income return via letting of the vacant space and through active asset management. - Landlord only break option December 2024 providing opportunity to obtain vacant possession of ~84% of the property - Guiding €17 million reflecting a NIY of ~3%, a potential reversionary yield in excess of 9% and a low capital value of ~€409 per sq. ft.

More about this Property

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School Name
Distance
Pupils
School NameSt Laurence O'Toole's National SchoolDistance350mPupils152
School NameLaurence O'Toole Senior Boys SchoolDistance370mPupils88
School NameRutland National SchoolDistance420mPupils163
School Name
Distance
Pupils
School NameAn Taonad ReamhscoilDistance450mPupils97
School NameSt Laurence O'Toole Special SchoolDistance460mPupils22
School NameCentral Model Infants' SchoolDistance490mPupils162
School NameCentral Model Senior SchoolDistance500mPupils259
School NameCity Quay National SchoolDistance570mPupils176
School NameScoil ChaoimhínDistance610mPupils62
School NameSt Vincent's Boys SchoolDistance630mPupils83
School Name
Distance
Pupils
School NameLarkin Community CollegeDistance620mPupils407
School NameO'Connell SchoolDistance770mPupils213
School NameC.b.s. Westland RowDistance960mPupils186
School Name
Distance
Pupils
School NameBelvedere College S.jDistance1.0kmPupils1003
School NameMount Carmel Secondary SchoolDistance1.3kmPupils399
School NameLoreto CollegeDistance1.7kmPupils570
School NameSt. Joseph's C.b.s.Distance1.8kmPupils254
School NameThe BrunnerDistance1.8kmPupils219
School NameMarino CollegeDistance1.8kmPupils260
School NameRingsend CollegeDistance1.8kmPupils219
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TypeTramDistance110mStopConnollyRouteRedDestinationRed CowProviderLuas
TypeTramDistance110mStopConnollyRouteRedDestinationTallaghtProviderLuas
TypeTramDistance110mStopConnollyRouteRedDestinationSaggartProviderLuas
Type
Distance
Stop
Route
Destination
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TypeTramDistance110mStopConnollyRouteRedDestinationHeustonProviderLuas
TypeTramDistance120mStopConnollyRouteRedDestinationConnollyProviderLuas
TypeBusDistance120mStopConnollyRoute15DestinationBallycullen RoadProviderDublin Bus
TypeBusDistance120mStopConnollyRoute27xDestinationUcdProviderDublin Bus
TypeBusDistance120mStopConnollyRoute27DestinationJobstownProviderDublin Bus
TypeBusDistance120mStopConnollyRoute151DestinationFoxboroughProviderDublin Bus
TypeBusDistance120mStopConnollyRoute27DestinationEden QuayProviderDublin Bus

BER Details

C2

BER No: 800908741

Energy Performance Indicator: 243.07 kWh/m2/yr

Statistics

25/04/2024

Entered/Renewed

4,822

Property Views

Daft ID: 517723838

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James Holland

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