Agents Knight Frank have launched a superbly located, 10 year secure income producing office investment for sale in Dublin 2. It consists of a modern Grade A office suite in the popular Harmony Court office development located in Dublin’s core CBD.
Suite 3 Harmony Court is let to Harmony Accountants Limited t/a DKC Accountants, at an annual rent of €163,725 per annum. At a guide of excess €2,250,000, the opportunity offers investors an attractive net initial yield of approximately 6.6% after standard purchaser’s costs of 9.96%.
Tenancy
3 Harmony Court is being delivered fully let on a new 15 year effective FRI lease to DKC Accountants incorporating 5 yearly CPI linked rent reviews. There is a lease break option on the expiry of tenth year, offering purchasers secure and passive long term certain income to an established tenant.
DKC Accountants is an established and highly successful accountancy firm which was founded in 1992. The founding members have been practicing for over 30 years. While providing the full suite of all accounting, auditing, tax, management, and compliance services the firm focuses on niche sectors of the market, to include the live music industry, franchising, technology and hospitality, leisure and tourism.
Offices
Suite 3 Harmony Court comprises a convenient ground floor office suite and extends to a net internal floor area of approximately 316.34 sq. m. / 3,405 sq. ft. and benefits from 3 secure basement car parking spaces. The property is situated in the heart of Dublin City’s core Central Business District, just 650 meters from Grand Canal Square and 400 meters from Pearse Street Dart Station.
Harmony Court is a very popular and attractive six storey over basement level office block. The building boasts an impressive curved glass façade and is surrounded by an extensively landscaped courtyard.
The office space is finished to a high internal specification to include air conditioning, Cat 5 caballing, suspended ceilings with recessed lighting and raised floors incorporating floor boxes, male and female W.C.s and kitchen facilities. Floor to ceiling feature glazing provide the office space with ample natural lighting.
Other occupiers within the development include Fusioneer, Nogra Pharma Limited, Sacyr, HLB Ryan & Co., Richmond Marketing and PML Group.
Transport
Harmony Court sits in a unique location, being serviced by all of Dublin City’s public transport links. DART, Dublin Bus and Luas light rail system all allow ease off access across Dublin City and its surrounding suburbs.
The property also benefits from excellent road infrastructure, located just 150 meters from Pearse Street which is a main arterial route through Dublin City and allows for onwards access to the M50 orbital motorway, linking the property with Irelands arterial motorway system.
Amenities
The immediate area benefits from excellent amenities including a number of cafes, bars, restaurants and hotels.
The building is within 15 minute walking distance of Grafton Street, Dublin’s prime shopping location. Gym facilities can be found at FLYEfit Macken Street, which is just 450 meters away.
The property is also situated within close proximity to several well-known Georgian Squares, such as St Stephens Green, Pearse Square Park, Merrion Square and Fitzwilliam Square.