FOR SALE

4 / 4A Princes Street South
Dublin 2

Multi let Office Investment

Currently Producing €256,000 p.a.

Fixed rental increases up to €271,000 p.a.

Investment Summary:
- Attractive, unique fully let office investment providing circa. 1,180 sq.m. (12,700 sq.ft.)
- Located just off City Quay in Dublin's South Docks, close to both Pearse Street and Tara Street
DART Stations.
- Redeveloped in 2002 to provide 4 levels of offices within former converted grain store with 2
additional modern floors built at 4th and 5th floor levels.
- Attractive interior with mix of cut stone walls, exposed timber beams, modern light filled offices which
are served by lift and air-conditioning (in part).
- Fully let to 3 office tenants and roof mast licence producing total €256,000 per annum with annual
stepped increases up to €271,000 by July 2007.
- Let off modest rental levels offering excellent potential for rental growth.
- Freehold Title.
- Seeking offers in excess of €3,000,000 (three million euro) plus VAT for Freehold interest, subject
to contract. A purchase at this level shows on initial yield of 8.1% (increasing to 8.6% on receipt of
fixed rental increases) and an attractive capital value equating to only €246 per sq.ft.

Location:

The property is situated on the corner of Princes Street South and Gloucester Street South, c. 50 m off City Quay at the western end of Dublin's South Quays.

Princes Street South is a quiet one way street that connects Townsend Street with City Quay. The immediate vicinity benefits from being within 5 minutes of both Pearse Street and Tara Street DART Stations.

The South Quays area is now home to some of the world's largest corporations as well as Ireland's leading