Investments
Ref 207130

6-7 Harcourt Terrace

South City Centre
Dublin, D02 FH73

For sale€3,800,000
Size8 ft² / 1 m² (approx. desks.maxLabel desks)

Summary

Prime Office Investment for sale by Private Treaty (tenant not affected)

  • Headquarters office building suitable for developer, owner occupier or value-add investor.
  • Exceptional opportunity to acquire a striking office with an original Georgian facade, 8 car parking spaces, extending to approximately 8,052 sq ft (748 sq m).
  • 3-stories over basement on a site of approximately 0.33 acres (0.13 Hectares).
  • Significant asset management opportunity with potential for change of use to a range of permissible alternatives or to create a multi-let investment.
  • Excellent public transport with the LUAS Green Line and a number of bus connections all within close proximity.
  • Potential for vacant possession of the entirety by December 2024.
  • Excellent redevelopment potential subject to planning permission with the benefit of short-term income of €357,648 per annum.
  • BER exempt.
  • Excellent redevelopment potential subject to planning permission with the benefit of short-term income of €357,648 per annum.
  • Guide price: Excess €3.8m (subject to contract and exclusive of VAT) reflecting a net initial yield of 8.54%, assuming standard purchaser costs of 9.96%.

Description

7 Harcourt Terrace comprises a self-contained standalone office building extending to approximately 8.052 sq. ft. (748 sq. m).

The iconic property extends from basement to third floor and internally comprises a mix of cellularised offices.

The building was originally developed in the 1830’s but was reconstructed in the 1990’s with the façade being retained and therefore benefits from a modern reinforced concrete construction providing tenants with
a productive and well-lit workspace. The interconnected rooms are thoughtfully designed in a spacious open-plan layout, offering the flexibility to create private offices if desired.

As part of the development (not part of the sale), six townhouses were built to the rear and share a common parking area which is accessed via a right of way through the archway at the side of the property.

Location and Transport

Strategically positioned in Dublin City Centre, 6-7 Harcourt Terrace enjoys convenient access to a plethora of amenities.

Situated just off Adelaide Road in close proximity to the Grand Canal, the property is within walking distance of prominent amenities like Grafton Street and St. Stephen’s Green. Furthermore, renowned companies such as EY, KKR, and Deloitte have established their presence in the vicinity taking occupation nearby. KPMG are due to open their new 300,000 sq.

ft. headquarters on Harcourt Street in 2026. 1 Adelaide Road is also due to be redeveloped, adding approximately 160,000 sq. ft. of brand new Grade A office space which will further enhance the overall area.

The location is well-served by an extensive public transportation network,with the Harcourt and Charlemont LUAS stops just a few minutes away on foot.

Several bus routes serve the area including the 11, 44, 46A, 142 & 145, and a Dublin Bike Station can also be found nearby. Additionally, the road network is excellent with easy access to the N11.

The vicinity around Harcourt Terrace and Grand Canal offers a vibrant and diverse range of cafés, restaurants, bars, and amenity areas, making it an extremely sought-after location for occupiers.