BER SINo666of2006exempt

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A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

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St. George's Church, Hardwicke Place, Temple Street, Dublin 1

€2,900,000
Investment Property For Sale | 22,000 sq. feet (2,044 sq. metres)
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Overview

Property Description:

**SALE AGREED**
St. George's Church has been completely restored to full modern office specification. Let to the Temple Street Children's University Hospital paying €225,000 per annum on a 10 year lease from 1st October 2015. Two licence agreements are in place to Meteor and Vodafone totalling €35,000 per annum. Total rent receivable €260,000 per annum exclusive.

St. George's Church is situated on Hardwicke Place, Temple Street, Dublin 1 in a highly accessible location close to Dorset Street and the Mater Hospital. Temple Street Children's University Hospital is located next door.

Its location provides ease of access to the airport and the M50/M1 to the north. O'Connell Street is within a mere 5-minute walk, providing staff and clients alike easy access to an abundance of shops, restaurants and hotels. The area is well served by public transport with all main bus routes traversing O'Connell Street. The Red Luas Line is within a ten-minute walk, linking the west Dublin suburbs to the IFSC and the 3 Arena. The Aircoach to the airport can be accessed from nearby Dorset Street.

The property has been completely and meticulously restored to full office specification to include Cat 6 data cabling. The layout comprises two newly installed "floating"raised access floors that have been integrated within the fabric of the church, providing four levels of accommodation. The church extends to a total floor area of 22,000 sq ft with additional stores of 1,784 sq ft to the rear.

Temple Street Children's University Hospital occupies the entire of the office element of the property under a 10 year lease from 1st October 2015 paying a rent of €225,000 per annum (Break option 1st January 2020 subject to 9 months prior notice - 3 month rent penalty).

Meteor Mobile Communications Limited have a license paying €16,000 per annum.

Vodafone Ireland Limited have a license paying €19,000 per annum.

Arthur Ryan Property Consultants and Joint Agents Cushman & Wakefield are seeking offers in excess of €2,900,000 which equates to a Net Initial Yield of 8.58% assuming standard purchasers costs of 4.46%.
PDF Brochure 

PDF Brochures:

 Brochure 1.pdf

BER Details

BER SINo666of2006exempt

What is BER?

A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

Learn more
What's this?

Daft Property Shortcode:

http://www.daft.ie/5458459

Date Entered/Renewed:

20/10/2017 (2 days ago)

Property Views:

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Area Level Match Area level match (i.e. the property could be anywhere within Dublin 1)

Address:

St. George's Church, Hardwicke Place, Temple Street, Dublin 1

Distance to City Centre:

1.1 km (0.7 miles), 10 minute walk

Public transport routes that service Dublin 1:

  • Train: Dart
  • Tram: Luas (Tallaght Line)
  • Bus: 140, 4

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Arthur Ryan

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St. George's Church, Hardwicke Place, Temple Street, Dublin 1, Co. Dublin