Exceptional Georgian Office Investment For Sale By Private Treaty
Dublin, 29 March 2017 – CBRE announced today that they are launching a prestigious Georgian Investment property located on Fitzwilliam Street to the market for sale by Private Treaty. The selling agent is understood to be quoting €1,700,000 for the building offered for sale.
No. 39 Fitzwilliam Street Upper occupies a prominent mid terrace site on the promenade of Fitzwilliam Street, a prestigious and sought after Georgian office location. Adjoining occupiers include Bank of Ireland, ESB & LinkedIn. This attractive location benefits from being close to numerous amenities such as bars, restaurants & coffee shops.
The subject property comprises of a four-storey over basement building extending to approximately 424.50 sq. m (4,569 sq ft) in total. The building is laid out to provide office accommodation throughout, with the benefit of a court yard to the rear. The property currently multi let to a number of tenants, who are currently paying an annual rent roll of €91,624 per annum. The property is fitted out to a modern standard by the tenants and is in great condition.
The Georgian market has continued to perform strongly with office rents continuing to increase due to a shortage in supply. No.39 Fitzwilliam Street is in an excellent opportunity to acquire a property in one of Dublin’s most desirable Georgian locations.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.