The Stone Building, Fleming Place, Ballsbridge,
Dublin 4
€1,100,000
Summary
- A Self-Contained Office Investment Let Under a Newly Extended Lease
- Extending to Approximately 281 sq. m (3,024 sq. ft)
- Let to Yondr Tech Ireland Ltd T/A Yondr (tenants not affected)
- Newly Extended 4 yr & 9 month Term from August 2024
- Current Rent €90,000 per annum
- Guide Price €1,100,000
- Capital Value (at guide) ~ €3,914 PSM / €363 per sq. ft
- NIY 7.44% / 8.18% GIY
Location
- Baggot St Upper: At Doorstep
- Charlemont Luas: 1.1km (c.15 mins walk)
- Grand Canal DART: 1.4km (c. 20 mins walk)
- St. Stephens Green / Grafton St: 1.5km (c. 22 mins walk)
The property is situated on a laneway running to the northern end of Fleming Place, which itself is a laneway / slip road connecting Mespil Road to Waterloo Road. The property is set within walking distance of all major south city centre amenities, with the various cafes & bars of Baggot Street on the doorstep, Grafton Street and St. Stephens Green are approximately 1.3km from the property. In terms of accessibility, Charlemont Luas Stop (Green Line) is within short walking distance some 1km to the west, rail services are available from Grand Canal Dock DART Station some 1.4km (c. 20 mins walk) to the north. There are a number of major occupiers in the immediate area including Amazon, Bank of Ireland, Sky Ireland, and Linkedin.
About
The property comprises a careful amalgamation of a period stone clad two-storey mews style building together with a modern three storey office. Internally, property presents as a visually impressive modern office headquarters. The accommodation briefly comprises a mix of open plan offices, boardroom / meeting rooms, gym, W/C’s, showers, kitchen, and break-out spaces, together with a garage. The property extends to approximately 281 sq. m (3,024 sq. ft) in total. An indicative floor plan is provided within the property images.
Tenancy
The entire property is let to Yondr Tech Ireland Ltd T/A Yondr under a brand new 4 year 9 month lease from 1st August 2024 at a current rent of €90,000 per annum exclusive. The lease provides for internal repairing and insuring terms. A signed Deed of Renunciation is also in place.
BER
Ber Number - 800439390
Energy Performance Indicator - 585.39
Contacts
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Managing Director
Richard O'Neill
Professional
Advice &
Investment Expertise
Disclaimer
The particulars of sale and brochure have been prepared by Artis Property Management Ltd on behalf of the Vendor. The content within the sales particulars, brochure, and any advertisements produced by third parties are for guidance purposes only, as such Artis is not held liable for any inaccuracies. Prospective bidders should note that maps are not to scale, and any figures quoted such as but not limited to measurements, distances, rents paid/payable, and dimensions are approximate, and quoted on the understanding that the prospective bidder will undertake their own due diligence to verify such matters. For the avoidance of doubt, this brochure and any related marketing materials will not form part of any Contract for Sale. All Guide and Sale Prices quoted are exclusive of VAT unless otherwise stated. In the event that the subject property is listed for sale via auction, then the sale is as scheduled unless sold prior or otherwise withdrawn. The scheduled auction date and time may be subject to change. Auction guide prices are set as an indication of where the reserve is set, the reserve price is the minimum price at which the property can be sold at the auction. The reserve be may set separately to the guide price, both the reserve price and guide price are subject to the change.
Artis PSRA Licence Number: 004063
