2 Custom House Plaza

Investment Opportunity

A unique opportunity to acquire a prime office investment, extending to approximately 2,743 sq. m. (29,522 sq. ft) within Dublin's International Financial Services Centre (IFSC).

Tenants include; Robert Walters, TD Global Finance, Calypso, Squared Financial Services, Permanent TSB Finance and VHI Group Services (currently at legals).

On the basis that the letting to VHI Group Services Ltd proceeds as agreed, the combined contracted rent of €990,276 per annum from from the building will have a weighted average unexpired lease term (WAULT) of 5.19 years.

Price

Offers are being sought in excess of €14,350,000, which equates to €5,231per sq. m. (€486 per sq. ft.) and a net initial yield of 6.61%.

BER

C1 > E2

BER Numbers available on request

Title

The property is held on a 10,000 year lease from 27th March 1997, subject to an annual peppercorn rent.