Percy Exchange, Dublin 4

PERCY EXCHANGE, DUBLIN 4

• A unique opportunity to acquire a 24.09% interest (by long lease) in a core CBD office investment.
• 5 storey over basement office building extending to 3,473 sq m (37,382 sq ft).
• 100% occupied with income secured to excellent tenants including Ogier Leman, Clark Hill, Bridge Consulting and Axway.
• Net operating income €1,944.271 p.a of which €468,375 pa is attributable to the 24.09% interest.
• Unexpired lease term of 9.6 years to expiry (3.4 years to break).
• Excellent connectivity being in close proximity to the DART, Luas and Dublin Bus.
• Provides 50 car spaces offering exceptional car parking ratio of 1 per 69.5 sq m.
• Guide price: €4.3 m reflecting a net initial yield of 9.91% (assuming standard purchaser costs of 9.96%) and a low capital value of €477.50 per sq ft.