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Investment

38/39 Leeson Street Lower, Dublin 2, Ireland

€4 700 000,00 For Sale
  • Four-storey over basement mixed use Georgian investment opportunity
  • Mix of office, leisure and residential use extending to approximately 1,400 sq. m (15,080 sq. ft)
  • Freehold title
  • 9 car spaces
  • Passing rent of €244,900 pa increasing to €279,900 pa on 1st Jan 2023*
  • Eight current tenancies with two vacant units
  • Commercial WAULT of c.6.3 years (based on stepped rent)
  • Guiding €4.75m reflecting a net initial yield of 4.69%
  • Reversionary potential with letting of vacant units and fixed uplift
  • BER E1

 

*Letting agreed for vacant ground floor office at €18,000

 

Ber Rating

BER Exempt

Location

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