SOLD – New Century House, IFSC, Dublin 1

  • Sold for in excess of €27million guide price.
  • Modern high specification building of 7,393 sq.m. (79,578 sq.m.) including 87 car spaces.
  • Let to Bank of Ireland for 25 years from July 1999.
  • Currently producing €2,847,777 per annum.
  • Building designed to provide occupational flexibility with dual entrances and cores

HT Meagher O’Reilly Knight Frank has successfully sold New Century House in IFSC. It is a modern office building extending to 7,393.06 sq.m. (79,571 sq.ft.) including 87 car spaces. It is let to Bank of Ireland under two concurrent FRI upward only Leases for a term of 25 years from July 1999. There is 11 years to lease expiry with 3 years income available until a tenants break option arises in the Lease.  The property currently produces income of €2,847,777 per annum.

The property benefits from a central location in IFSC with great facilities and amenities on the doorstep. The building has been designed to cater for occupational flexibility taking account of the dual core and dual entrance lobbies at both sides of the building. The modern specification includes raised access floors with floor boxes wired for power and data cabling, suspended ceilings with recessed light fittings and air conditioning.

Each floor is laid out in a combination of open plan and cellular offices. Staff benefit from the bespoke canteen on the ground floor and shower facilities in the basement.

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

 

Knight Frank

Leave a Reply Text

Your email address will not be published. Required fields are marked *