St James House, Dublin 2

ST JAMES HOUSE, DUBLIN 2

• 50% interest (by long lease) for sale of prominent 5-storey office building extending to approximately 17,890 sq ft (1,662 sq m) with 14 car parking spaces.
• Highly accessible city centre location within Dublin’s Central Business District.
• Property benefits from a short-term income of €840,721 per annum.
• All leases expire on or before September 2025.
• Potential to redevelop a 10 storey Grade A office building extending to 61,031 sq Ft (5,670 sq m) based on feasibility study (Subject to Planning).
• BER D1.
• Guide price: Excess €4m (subject to contract and exclusive of VAT) reflecting a net initial yield of 9.55%, assuming standard purchaser costs of 9.96%.