32 UPPER FITZWILLIAM STREET Dublin 2
FOR SALE
505 SQ.M (5,436 SQ.FT)
I N V E ST M E N T
32 UPPER FITZWILLIAM ST. The subject property comprises a double fronted four storey over basement terraced Georgian building providing office accommodation throughout but currently in educational use.
ACCOMMODATION FLOOR
SQ.M (SQFT)
Basement
123.91 (1,334)
Ground Floor
142.52 (1,534)
LOCATION
First Floor
82.72 (890)
Second Floor
81.51 (877)
32 Fitzwilliam Street Upper is superbly located at the junction of Fitzwilliam Street Upper and Baggot Street which is a main arterial route in Dublin City Centre. This prime situation is steps from St. Stephen’s Green, Fitzwilliam Square Gardens, Merrion Square and Grafton Street.
Third Floor
74.34 (800)
Total
505 (5,436)
The area is well serviced by public transport, the DART and LUAS lines are a short walk and the property is close to several main bus routes. The area is also home to a large variety of restaurants, cafes, gyms, retail shops and professional services. The property is located in Dublin’s prime Central Business District where local occupiers include: ESB, Sunday Business Post, OPW and Gartland & Fury Solicitors.
DESCRIPTION The building is of traditional construction incorporating timber sash windows under a timber framed double pitch and slated roof. Stone and rubble walls are finished externally with a brick front elevation and rendered rear elevation.
Purchasers are specifically advised to independently verify floor areas to undertake their own due diligence.
TENANCY
Let to The Irish Academy of Computer Training Limited on 25 year FRI lease from the 1st March 2005. The current rent is €120,000 per annum with provision for 5 yearly reviews. The landlord benfits from mutual landlord tenant Break Option in April 2020 subject to 6 months notice.
AT A GLANCE
• Prime location • Retains many original Georgian features • Established educational use • Current passing rent of €120,000 per annum • Very low rental base of €22.00 per sq.ft • Market rent of circa €190,000 per annum • Optionality with mutual break option (2020)
The upper levels are of suspended timber construction with carpet covering. Internally, the walls and ceilings are plastered and painted with fluorescent strip tubes and wall mounted lights. The property has retained some marble feature fireplaces along with many of the period ceiling mouldings, cornices and centrepieces. *Map is for illustrative purposes only, not to scale
FOR FURTHER INFORMATION OR TO ARRANGE AN APPOINTMENT CONTACT:
Matthew Vanston
matthew.vanston@bnpparibas.com 20 Merrion Road, Ballsbridge, Dublin 4 +353 (0) 1 661 1233 | PSRA No: 002702 www.realestate.bnpparibas.ie
DISCLAIMER: BNP Paribas Real Estate gives notice that these particulars are set out for general outline only, for the guidance of intending purchasers and do not constitute, nor constitute part of an offer or contract. All descriptions, dimensions, references to condition and other details are given without responsibility and any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves or otherwise as to the correctness of each of them. All floor areas are approximate.