2nd & 3rd Floors, 35 Cathedral Court
New Street South, Dublin 8
Sold
Guide Price €2,250,000
Property Highlights
- Modern office investment
- Total floor area extending to approximately 496 sq.m. (5,340 sq.ft.)
- WAULT of circa 5 years & 10 years to break and expiry
- 5 basement car spaces
- 2nd Floor let to Cuckoo Events Limited T/A Safe Events
- 3rd Floor let to Currie & Brown (Ireland) Limited
- Combined rent of €182,220 per annum
- Guide Price €2,250,000
- NIY approximately 7.36% (after standard purchasers’ costs of 9.96%)
- Tenants not affected.
Property Location
Cathedral Court is a vibrant mixed use residential and commercial development located on New Street South, Dublin 8. The occupants can enjoy a range of nearby amenities, including shops, bars and restaurants.
There are a wide range of public transport links within the immediate vicinity with the Green Line Luas circa 7 min walk away at St Stephen’s Green and a host of Dublin Bus routes from New Street South.
Dublin 8 has witnessed a transformation of the local area in recent years by the development of the Eight Building in Newmarket Square and The Fumbally Office Development at the nearby Fumbally Square and the recent construction of both the Maldron Hotel and Hyatt Centric provide additional amenities for potential occupiers.
Property Description
The subject property comprises the second and third floors of Cathedral Court with each floorplate extending to approximately 248 sq.m. (2,670 sq.ft.).
The accommodation is well proportioned and is fitted out to a high standard to include reception and waiting area, cellular glazed meeting rooms, open plan office accommodation, kitchen facilities, comms room, storage, and WC accommodation.
Notable features include exposed concrete ceilings and columns. There is also a state of the art AOV system in situ.
In addition to this, 5 basement car parking spaces are demised to the property. Also demised is a basement storage space extending to approximately 25 sq.m. (270 sq.ft.) which is for the exclusive use of Cuckoo Events Limited.
Lease Terms
| Floor | Tenant | Lease Start | Term | Break Option | Area (sq. ft) | Passing Rent | Total Rent |
| 2nd | Cuckoo Events Limited | Nov-22 | 9 Yrs 11 Months | Yr 5 | 2,670 | €86,775 | €92,775 |
| 3rd | Currie & Brown (Ireland) Limited | Nov-22 | 9 Yrs 11 Months | Yr 5 | 2,670 | €89,445 | €89,445 |
| Total | €182,220 |
*3 cars demised to 2nd Floor (Cuckoo Events Ltd)
*2 cars demised to 3rd Floor (Currie & Brown)
*All parties must satisfy themselves to the accuracy of floor areas.
Data Room
www.2and3cathedralcourt.com
Property Size/Area
Approximately 5,340 Sq. ft.Property Status
SoldBER Details
Ber Number - 800782013
Ber Energy Performance Indicator - 258.23kWh/m2/yr 1.43
Property Location
Documents
QRE Contact
Bryan Garry
MRICS MSCSI
Director Investment
Bryan has over 13 years of experience in the Irish commercial property market. As Director of the In... View More
+353 83 391 8649
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