Nutley and AIG Buildings, Merrion Road, Dublin 4

Price on Application SALE AGREED
Investment Property For Sale | 43,235 sq. feet (4,017 sq. metres)
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Overview

Property Description:

For Sale by Private Treaty (Tenants Not Affected) Office Investment / Development Opportunity

Two well located office blocks situated in a high-profile position on the Merrion Road, opposite St. Vincent's University Hospital

Extending to 4,016 sq.m (43,235 sq.ft) over two independent blocks with 83 under croft car parking spaces

Passing rent of €1,439,932 per annum subject to variation in accordance with a range of ongoing lease events

Blended WAULT of 4.46 years

Medium to long term development opportunity to upgrade or re-purpose the existing buildings

Data Room thenutleybuilding.com

** Location **

Situated on a high-profile junction of the Merrion Road, Dublin 4 approximately 1.5km from Ballsbridge and 4km from St. Stephens Green

The buildings are located directly opposite St. Vincent's University Hospital

Developed above the Merrion Shopping Centre, which is anchored by Tesco

Sydney Parade Dart Station is a 250m walk whilst numerous Dublin Bus services are available directly outside the buildings

7 minute drive to Blackrock

25 minute drive to Dublin Airport

** The Buildings **

The subject properties comprise two office buildings developed as part of the wider Merrion Shopping Centre in the late 1980's.

The wider development comprises a large Tesco Supermarket with an oval mall of retail units all developed above an under-croft car park. The retail element and supermarket do not form part of sale.

The Nutley Building (Block A)

The building extends to 2,429 sq.m (26,147 sq.ft) over four storeys. The building is formed by a concrete frame with cast in situ concrete floors and ceilings with red brick facade. The building is L-Shaped which provides for two distinct office wings accessed left and right from a central core offering flexibility of occupation from 1,800 sq.ft to 6,500 sq.ft per floor. The building has the benefit of 49 basement car parking spaces.

The office reception is accessed from the Nutley Lane elevation and has been recently upgraded to include new floor, ceiling and wall finishes, concierge desk, bespoke lighting and lift fascia's. Two lifts provide vertical access throughout.

Tenant demises vary in terms of specification and fitout. The vacant suite has the benefit of raised access floors, suspended ceilings and gas fired central heating.

The Nutley Building is multi-let to a range of occupiers which include Bonkers Money, Japanese Embassy, Austrian Embassy and Global Standards.

The AIG Building (Block B)

The building extends to 1,587 sq.m (17,088 sq.ft) over four floors.

The building has the same construction form as the Nutley Building however the floor plate is regular and rectangular.

The building has the benefit of a dedicated office entrance and reception accessed from Merrion Road. The building is currently single let with sub-leases in place.
PDF Brochure 

PDF Brochures:

 Brochure 1.pdf

Daft Property Shortcode:

https://www.daft.ie/5931318

Date Entered/Renewed:

28/4/2020 (214 days ago)

Property Views:

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Address:

Nutley and AIG Buildings, Merrion Road

Distance to City Centre:

4.4 km (2.7 miles), 40 minute walk
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Nutley and AIG Buildings, Merrion Road, Dublin 4, Co. Dublin