10
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.
Map
Map
More about this Property
Local AreaNEW
Learn more about what this area has to offer.
School Name | Distance | Pupils | |||
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School Name | St Laurence O'Toole's National School | Distance | 350m | Pupils | 152 |
School Name | Laurence O'Toole Senior Boys School | Distance | 370m | Pupils | 88 |
School Name | Rutland National School | Distance | 420m | Pupils | 163 |
School Name | Distance | Pupils | |||
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School Name | An Taonad Reamhscoil | Distance | 450m | Pupils | 97 |
School Name | St Laurence O'Toole Special School | Distance | 460m | Pupils | 22 |
School Name | Central Model Infants' School | Distance | 490m | Pupils | 162 |
School Name | Central Model Senior School | Distance | 500m | Pupils | 259 |
School Name | City Quay National School | Distance | 570m | Pupils | 176 |
School Name | Scoil Chaoimhín | Distance | 610m | Pupils | 62 |
School Name | St Vincent's Boys School | Distance | 630m | Pupils | 83 |
School Name | Distance | Pupils | |||
---|---|---|---|---|---|
School Name | Larkin Community College | Distance | 620m | Pupils | 407 |
School Name | O'Connell School | Distance | 770m | Pupils | 213 |
School Name | C.b.s. Westland Row | Distance | 960m | Pupils | 186 |
School Name | Distance | Pupils | |||
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School Name | Belvedere College S.j | Distance | 1.0km | Pupils | 1003 |
School Name | Mount Carmel Secondary School | Distance | 1.3km | Pupils | 399 |
School Name | Loreto College | Distance | 1.7km | Pupils | 570 |
School Name | St. Joseph's C.b.s. | Distance | 1.8km | Pupils | 254 |
School Name | The Brunner | Distance | 1.8km | Pupils | 219 |
School Name | Marino College | Distance | 1.8km | Pupils | 260 |
School Name | Ringsend College | Distance | 1.8km | Pupils | 219 |
Type | Distance | Stop | Route | Destination | Provider | ||||||
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Type | Tram | Distance | 110m | Stop | Connolly | Route | Red | Destination | Red Cow | Provider | Luas |
Type | Tram | Distance | 110m | Stop | Connolly | Route | Red | Destination | Tallaght | Provider | Luas |
Type | Tram | Distance | 110m | Stop | Connolly | Route | Red | Destination | Saggart | Provider | Luas |
Type | Distance | Stop | Route | Destination | Provider | ||||||
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Type | Tram | Distance | 110m | Stop | Connolly | Route | Red | Destination | Heuston | Provider | Luas |
Type | Tram | Distance | 120m | Stop | Connolly | Route | Red | Destination | Connolly | Provider | Luas |
Type | Bus | Distance | 120m | Stop | Connolly | Route | 15 | Destination | Ballycullen Road | Provider | Dublin Bus |
Type | Bus | Distance | 120m | Stop | Connolly | Route | 27x | Destination | Ucd | Provider | Dublin Bus |
Type | Bus | Distance | 120m | Stop | Connolly | Route | 27 | Destination | Jobstown | Provider | Dublin Bus |
Type | Bus | Distance | 120m | Stop | Connolly | Route | 151 | Destination | Foxborough | Provider | Dublin Bus |
Type | Bus | Distance | 120m | Stop | Connolly | Route | 27 | Destination | Eden Quay | Provider | Dublin Bus |
BER Details
BER No: 800908741
Energy Performance Indicator: 243.07 kWh/m2/yr
Statistics
25/04/2024
Entered/Renewed
4,822
Property Views
Daft ID: 517723838
James Holland
+353 1 639 9263