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Price on Application

76-78 Harcourt Street, Dublin 2

2317m2

Investment Property

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Property Overview

  • Available From: Immediately

Description

  • Overall Floor Area: 2317m2
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76-78 Harcourt Street presents an opportunity to acquire a prime office investment with 100% Government income for over six years The property comprises an office building of approximately 2,317 sq m (24,940 sq ft) arranged over lower ground and five upper floors. Developed in the 1980s, the property has a Georgian style façade and forms part of a striking terrace of Georgian buildings fronting onto Harcourt Street. To the rear, the building overlooks the beautifully maintained Iveagh Gardens. The property is let to the Commissioner of Public Works Ireland (known as the Office of Public Works or OPW) under an original 35-year FRI Lease from 15th January 1982 which was extended for an additional 10 years by Deed of Variation in January 2017. The Deed of Variation amended the rent review provision to allow for an open market (upward/downward) rent review in January 2022 subject to a cap and collar of +/-10%. The current passing rent is €1,010,000 per annum with the next rent review date being on 14th January 2022. The lease expiry is 14th January 2027. The property is centrally located in Dublin 2, approximately 200m from St Stephens Green and 800m from Grafton Street, Ireland’s prime retail destination. This is a well-established office location with occupiers including KPMG, Mazars, Dropbox, Ernst & Young, Aviva and Deloitte all in the immediate vicinity. Harcourt Street is parallel to Camden Street / Wexford Street which provides a diverse mix of cafés, restaurants and bars, and making it a very desirable office location. The property is very well serviced by public transport with a combination of bus, light rail and rail routes close by. Harcourt Street Luas stop is located 150m to the north of the property offering connectivity between north and south Dublin. There is a Dublin Bus Stop located 200m away with multiple bus routes to north, south and west Dublin. Pearse Street Dart Station is 1.7km away offering connectivity to the outer Dublin area. There is also a Dublin Bikes Station one minute from the property. BER C1

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Statistics

26/02/2021

Entered/Renewed

1,685

Property Views

Daft ID: 5989381

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Declan Sexton

Savills Molesworth Street

PSR Licence Number: 002233

+353 1 618 1336

Savills Molesworth Street

Declan Sexton's logo
profile

Declan Sexton

+353 1 618 1336
View all Properties
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