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Sold

Property Detail

Sold

Price: Price on application
Location: 38 Upper Mount Street, Dublin 2, Ireland
BER: Exempt
Description: Fully Let Investment producing €166,400 per annum

c.355.74 sq.m. ( c.3,830 sq.ft.)

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38 Mount Street Upper, Dublin 2.

 

 For Sale by Private Treaty - SOLD prior to open market release.

Tenants Not Affected

Fully Let Investment producing €166,400 per annum

 

 

INVESTMENT SUMMARY:

  • Prime Dublin 2 Georgian Investment  
  • Let to LK Shields Solicitors
  • 25-year FRI lease from 1st February 2000
  • Rent:  €166,400 per annum
  • Total Floor Area c.355.74 sq. m. (c.3,830 sq. ft)
  • 8 Car Parking Spaces

 

LOCATION:

38 Upper Mount Street is positioned within the heart of Dublin’s Central District occupying a prominent position to the west of Merrion Square. The property forms part of Dublin’s historic Georgian Quarter while also in close proximity to the Grand Canal Dock, home to some of the world class global tech companies. Grafton Street and St. Stephen’s Green are both within a short walking distance from the property offering unrivaled amenities of public parks, world class retailers, restaurants and bars.  

 

The Property is perfectly located to be within easy reach of all transport links with the Dart at Grand Canal Dock and the Luas at St. Stephens Green all within a short walking distance of the property. There are number bus stops servicing the immediate area and Dublin Bike stations are available on Merrion Square.      

 

 

THE PROPERTY:    

The property comprises a four storey over basement mid-terrace Georgian building, extending to approximately 355.74 Sq. m (3,830 Sq. ft) net internal area. The property boasts original Georgian features including decorative cornices, coving and fireplaces. The property benefits from 8 car spaces to the rear with access via James Place East which links directly to Upper Mount Street and Lower Baggot Street.

 

The property has the benefit of a shared fire escape stairs to the rear and has been well maintained by the Tenant.

 

ACCOMMODATION:

Net internal floor areas are:

Floor

 

 

Sq.m.

 

Sq.ft.

Ground Floor

 

 

   54.5

 

   587

 

First Floor

 

 

 

   93.6

 

 

 

1,008

Second Floor

 

 

   61.2

 

   659

 

Third Floor

 

 

 

   71.0

 

 

   764

 

Basement

 

 

 

   75.4

 

 

   812

 

Total                                 

 

 

 

355.74

 

 

3,830

 

Parking:        8 Car Parking Spaces

 

Note: The property has been measured on a Net Internal Floor Area basis in accordance with the code of measurement. All intended purchasers are specifically advised to verify the floor areas and undertake their own due diligence.

 

TENANCY:                  

The entire property is let to Maple Securities t/a LK Shields Solicitors and guaranteed by the existing partners of LK Shields. The Lease is 25-year full repairing and insuring (FRI) Lease from 28th February 2000. The current rent is €166,400 per annum. There was a break Option in February 2020 which was not exercised. LK Shields is a leading Irish Corporate Law Firm.

 

TITLE:                            Freehold. 

 BER:                                 Exempt (Protected Structure)

VIEWING:                Strictly by prior appointment only with sole agents Finnegan Menton

                                       Contact:  Nicholas Corson or Mark McCormack on 01 614 7900