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Maryland House

20-21 South William Street
South City Centre
Dublin 2,
D02 XE77
1 SQ.M
Investment Property

Property Overview

The subject property comprises a four storey over basement mid-terraced building with retail use at ground, car parking on the surface and at basement levels and office use in the rest of the building. The building is constructed with a reinforced concrete frame incorporating concrete floors, upvc double glazed windows throughout the upper floors and timber frame shop fronts at ground floor level.

– Concrete construction

– Double glazed windows

– Suspended grid ceilings and tile ceiling systems

– One passenger lift serving all floors including the basement

– Air conditioning to office areas

The subject property comprises a four storey over basement mid-terraced building with retail use at ground, car parking on the surface and at basement levels and office use in the rest of the building. The building is constructed with a reinforced concrete frame incorporating concrete floors, upvc double

  • Prominent five storey over basement terraced building on the west side of South William Street
  • Located in the heart of Dublin’s retail and leisure core within the Creative Quarter
  • 100% occupied with over 90% of the passing rent coming from AA Ireland
  • Held under four leases with a current passing rent of €611,730 per annum and a WAULT of 5.9 years
  • Net internal area of 1,414.3 SqM (15,224 SqFt) with 22 car parking spaces at surface and basement level
  • Future development potential (subject to planning permission and vacant possession)
  • Offers are sought in excess of €9,000,000 which represents a net initial yield of 6.27% after allowing for standard acquisition costs at 8.46%.

Accommodation

FloorNet Internal Area SqMNet Internal Area SqFtIPMS 3 (Office) Area SqMIPMS 3 (Office) Area SqFt
4th Floor233.92,518350.23,770
3rd Floor3573,843361.43,890
2nd Floor359.73,872364.83,927
1st Floor359.93,874364.93,928
Ground (Sth William St)33.5361
Ground (Drury St)45484
Mezzanine (Drury St)25.3272
Total1,414.3015,2241,441.3015,515

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