20 on Hatch Street Lower in the lively Central Business District of Dublin, is up for sale, presenting a special chance for investors.
Spanning 44,735 square feet, the building currently houses well-known tenants such as Medtronic and MetLife, ensuring a stable flow of income with a remaining average lease term of roughly three years.
Investors can expect a net initial yield of 8.07%, or €592 per square foot, considering acquisition costs. Plus, there’s potential to enhance the Building Energy Rating (BER) from C2 to A3 for better sustainability and efficiency.
Located in one of Dublin’s premier spots, 20 Hatch Street Lower is within walking distance to numerous facilities and is well-connected by public transportation. This, combined with the strong tenancy, positions the property as an alluring investment for those looking for quality assets with reliable income and the opportunity for growth.
Fergus O’Farrell of Savills Ireland states, “The sale of 20 Hatch Street Lower is an unparalleled chance to own a top-tier office investment in a coveted area of Dublin. It’s especially appealing given its robust tenant roster and significant potential for repositioning. This is a smart buy for shrewd investors.”
