Investment Properties - For sale - 14 Wentworth, Elbana Villas - Dublin

14 Wentworth, Elbana Villas

Dublin City Centre, Dublin 2

   

  • Passing rent €75,000 per annum (NIY 6.5%).
  • Local landmarks include The Treasury Building, Holles Street Hospital and Grand Canal Dock.
  • 14 Wentworth Place comprises a three story own door terraced second generation office building.
  • Car parking space located to the rear of the property.

Description

**Office Investment For Sale**

14 Wentworth Place comprises a three story own door terraced second generation office building of concrete block construction with brick faé§ade extending a net internal area approx. 170 sq.m (1,840 sq.ft). The property is laid as open plan office accommodation from ground to second floor. We are advised there is one car parking space located to the rear of the property.

The property is in good condition throughout and functions well for the tenants needs, although the specification now would be deemed dated compared to more modern third generation Grade A office standards. The property is located within the Wentworth development situated on Eblana Villas, off Grand Canal Street in Dublin city centre. The immediate area is a mix of residential and commercial uses.

Local landmarks include: The Treasury Building, Holles Street Hospital and Grand Canal Dock. The area is readily accessible via public transport. Property approx. 750 m to Pearse DART Station and 700 m to Grand Canal Dock DART Station.

Tenancy: The entire building is currently occupied by Salus Financial Limited at a passing rent of €75,000 per annum.

Lease: New 20 year lease with break option at 10th year of term subject to 9 months notice. The lease is subject to CPI rent reviews.

Rent: Passing rent €75,000 per annum (NIY 6.5%).

Quoting Price: Guiding €1,050,000

 



Updated: 29/10/2019
Reference: 259535423
Investment Properties: For sale
170 m² \ 1,830 sq ft max
170 m² \ 1,830 sq ft available
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