SOLD – 87-89 Pembroke Rd, Ballsbridge, Dublin 4

HT Meagher O’Reilly Knight Frank has successfully sold the multi-tenanted office building on Pembroke Road in Ballsbridge for €15.5million, representing a net yield of 7.15%. It is fully let to Bank of Ireland, who occupy the majority of the space, The American Embassy and the Irish Computer Society and produces an annual income of €1,157,861.

The income reflects an average rent of €29.00 per sq.ft. per annum, with an average unexpired term to break/termination of 19 years.

The property is a four storey over basement modern office building with surface car parking to both the front and rear of the building. The property was extensively refurbished in 2005 and includes the provision of new mechanical and electrical services.

The quality of the location as a business address is evidenced by the calibre of adjoining occupiers with AIB, Eirgrid, Ford, IBM, Zurich, Cardinal Capital and Goodbody Stockbrokers all situated close by.

For more information contact Ross Fogarty at rfogarty@htmor.com or 01 634 2466

Knight Frank

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