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The sale of 4 Earlsfort Terrace offers investors an opportunity to acquire a fully refurbished, grade A office in Dublin’s premier office district.
The property is located on Earlsfort Terrace, close to the junction with St. Stephen’s Green, in Dublin’s premier office district.
The property is let to four leading financial / insurance firms, including Royal London, Arcadian Risk Capital, AerCap and AllianceBernstein. 4 Earlsfort Terrace was extensively refurbished in 2018 with finishes now including an upgraded reception, a new air conditioning system, refurbished common areas and new staff showers. The recent refurbishment significantly improved the energy efficiency of the building. The property now has a B3 BER rating. The investment, which produces a current income of €778,425 per annum, is fully let on a long term leases with a WAULT of over 5 years to break (8.3 years to expiry). The sale offers investors a unique opportunity to buy a fully upgraded building in Dublin's premier office location, let on long term leases to Grade A covenants. |