FOR SALE

Dublin 232 UPPER FITZWILLIAM STREET

I N V E S T M E N T

505 SQ.M (5,436 SQ.FT)

32 Fitzwilliam Street Upper is superbly located atthe junction of Fitzwilliam Street Upper and BaggotStreet which is a main arterial route in Dublin CityCentre. This prime situation is steps from St. Stephen’sGreen, Fitzwilliam Square Gardens, Merrion Squareand Grafton Street.

The area is well serviced by public transport, theDART and LUAS lines are a short walk and theproperty is close to several main bus routes. Thearea is also home to a large variety of restaurants,cafes, gyms, retail shops and professional services.The property is located in Dublin’s prime CentralBusiness District where local occupiers include: ESB, Sunday Business Post, OPW and Gartland & FurySolicitors.

The subject property comprises a doublefronted four storey over basement terracedGeorgian building providing office accomm-odation throughout but currently ineducational use.

32 UPPER FITZWILLIAM ST.

DISCLAIMER:

BNP Paribas Real Estate gives notice that these particulars are set out for general outline only, for the guidance of intending purchasers and do not constitute, nor constitute part of an offer or contract. All descriptions, dimensions, references to condition and other details are given without responsibility and any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves or otherwise as to the correctness of each of them. All floor areas are approximate.

FOR FURTHER INFORMATION ORTO ARRANGE AN APPOINTMENT CONTACT:

20 Merrion Road, Ballsbridge, Dublin 4+353 (0) 1 661 1233 | PSRA No: 002702

www.realestate.bnpparibas.ie

ACCOMMODATION

LOCATION

Matthew Vanstonmatthew.vanston@bnpparibas.com

The building is of traditional constructionincorporating timber sash windows under a timberframed double pitch and slated roof. Stone andrubble walls are finished externally with a brickfront elevation and rendered rear elevation.

The upper levels are of suspended timberconstruction with carpet covering. Internally, thewalls and ceilings are plastered and painted withfluorescent strip tubes and wall mounted lights.The property has retained some marble featurefireplaces along with many of the period ceilingmouldings, cornices and centrepieces.

DESCRIPTION

AT A GLANCE • Prime location • Retains many original Georgian features • Established educational use • Current passing rent of €120,000 per annum • Very low rental base of €22.00 per sq.ft • Market rent of circa €190,000 per annum • Optionality with mutual break option (2020)

*Map is for illustrative purposes only, not to scale

FLOOR SQ.M (SQFT)

Basement 123.91 (1,334)

Ground Floor 142.52 (1,534)

First Floor 82.72 (890)

Second Floor 81.51 (877)

Third Floor 74.34 (800)

Total 505 (5,436)

Let to The Irish Academy of Computer TrainingLimited on 25 year FRI lease from the 1st March2005. The current rent is €120,000 per annum withprovision for 5 yearly reviews. The landlord benfitsfrom mutual landlord tenant Break Option in April2020 subject to 6 months notice.

TENANCY

Purchasers are specifically advised to independently verify floor areas to undertake their own due diligence.