Connaught House, Dublin 4

CONNAUGHT HOUSE, DUBLIN 4

• Fully leased prime office block backed by strong covenants, boasting short-term asset management potential.
• Strategically located in one of Dublin’s leading office locations.
• High quality landmark building extending to 116,191 sq ft (10,795 sq m) 1 of Grade A office accommodation.
• Combined rent roll of €7.14M per annum, secured by an excellent tenant line-up including Macquarie Aviation Capital, Alkermes and Biohaven.
• Optimal floor plate configuration with typical 5,200 sq ft – 10,500 sq ft floor plates, in line with peak active demand.
• Excellent connectivity with the Luas, DART and Dublin Bus all situated within close proximity.
• Proven and robust rental tone with average passing rent of approximately €58 per sq ft (€624.30 sq m) (excluding cars).
• Offers numerous asset management opportunities including the execution of a sustainability pathway to achieve a BER B1 rating with minimal disruption to tenants and additional route to BER of A3, with likely facade works required.
• Two-level basement car park with 86 car parking spaces, providing an excellent car parking ratio of 1:1351 sq ft (1:125 sq m).
• Freehold equivalent title.
• Guide price: Excess €80m (subject to contract and exclusive of VAT) reflecting a net initial yield of 8.11%, assuming standard purchaser costs of 9.96%.