The property offers investors an opportunity to acquire a high quality modern office building situated in a sought after business location, offering superb rental and capital growth prospects.

Secure Income - The investment is fully let to three exceptionally strong tenants producing a current rent of €2.05 million per annum. With a weighted average lease term to expiry of 6.5 years this represents an attractive combination of secure income and a long unexpired term. Of the total passing rent 51.5% is secured by Susquehanna (SIG), 40% by Rabobank and 8.5% by Airbus Finance.

Active Management Potential - Following the relocation of SIG to the adjoining International House, there may be scope to agree an early surrender of the second (part), third and fourth floors. Subject to planning there may also be potential to add a further floor to the building bringing the height in line with George’s Dock 5 and 6.

Low Vacancy Rate - With effectively no commercial development in Dublin between 2009–2014, the supply of quality office accommodation is a record lows, particularly in the core city centre markets. The overall vacancy rate in the Dublin office market fell from 15.5% in 2013 to 11.6% at the end of 2014. In the IFSC, the vacancy rate is now less than 3.00%.