BEAUX LANE HOUSE
LOWER MERCER STREET, DUBLIN 2

Prime Freehold office investment in the heart of Dublin 2

INVESTMENT SUMMARY

  • A unique opportunity to acquire a prime office investment in the heart of Dublin's Central Business District
  • Six storey over basement Grade A multi let office building constructed in 2002
  • Extends to approximately 9,589 sq m (103,215 sq ft) together with 45 basement car parking spaces
  • Fully occupied and currently generating a rental income of €2,739,120 p.a. from 8 tenancies. Royal College of Surgeons in Ireland (RCSI) have agreed to take a new 10 year lease on the lower ground floor which will see the annual income rise to €3,136,951 p.a.
  • Tenants include BDO, Legal & General, Michael Page International, City & Guilds, Riot Games and Hartley & Marks
  • BDO accounts for over 63%* of the current income, with an unexpired lease term of over eight years
  • Weighted average unexpired lease term of approx. 6.25 years to the break
  • Freehold 
  • Offers in excess of €57m, reflecting a net initial yield of 5.27%*, assuming standard purchaser costs of 4.46%, and a capital value of €539 per sq ft allowing for €30,000 per car space

*Assumes RCSI lease has been executed