Kilmore House, Dublin 1

KILMORE HOUSE, DUBLIN 1

• Opportunity to acquire a 60% interest in a long leasehold CBD office investment.
• Situated in the heart of the Docklands, one of Dublin’s premier office locations.
• 9-storey over basement Grade A office building offering excellent profile and accessibility.
• 9,993.1 sq m (107,566 sq ft), with 43 basement car parking spaces.
• WAULT to expiry 7.02 years / 6.05 years to break.
• Held on a 998 year (less 3 days) long leasehold interest from 2007 subject to an annual ground rent of 17.5% of rents received.
• Over 86% of current income secured against blue chip tenants including PWC, Universal Investment and Optum.
• The asset is approximately one third occupied generating a gross passing rent of €1,869,641 and a net operating income of €119,072 pa.
• It offers numerous immediate asset management opportunities to drive income and capital returns.
• BER D1 with clear pathway to achieve an A3 rating.
• Guide price: Seeking in excess of €22 m (subject to contract and exclusive of VAT) reflecting a low capital value of €341 per sq ft.