29 Fitzwilliam Square, Dublin 2

Sale Agreed

Description

Location
Number 29 is located on the favoured south side of Fitzwilliam Square in the heart of the central business district in Dublin 2. Fitzwilliam Square is one of the most prestigious locations in Georgian Dublin.

Every conceivable amenity offered by the city centre is within easy access. Government Buildings, an array of corporate and institutional headquarters as well as many professional services providers are all adjacent. Public transport links include LUAS (Green Line), DART and multiple Dublin Bus Routes.

Fitzwilliam Square and the surrounding area is mostly in office use although there has, in recent years, been an emerging trend of returning the magnificent Georgian buildings to their original residential use.

Description
Numbers 29 is one of two interconnecting, four-storey over garden level, terraced Georgian buildings with a rectangular site to the rear which currently includes a two-storey over basement mews office and parking for approximately 3 cars. The gross internal area of No. 29 is c. 550 sq.m. (5,920 sq.ft.). The net internal area is c. 379 sq.m. (4,082 sq.ft.)

The building is currently rented to an English Language School (in conjunction with the adjoining No. 30). Full vacant possession will be available in January 2018.

Planning Permission has been granted for the demolition of the mews offices, the construction of an exceptional mews house and for the separation of the front building from the currently interconnected No. 30. The permission also allows the front building to return to office use.

This is a unique opportunity to acquire a significant investment and development property on Fitzwilliam Square. The completed development of refurbished Georgian office and a large, luxury mews house will represent a very significant and valuable property.

Town Planning
The main building fronting onto Fitzwilliam Square is situated in an area zoned Objective Z8 “to protect the existing architectural and civic design character, to allow only for limited expansion consistent with the conservation objective” in the Dublin City Development Plan 2011-2017. Number 29 Fitzwilliam Square is also within an Architectural Conservation Zone and listed as a Protected Structure (reference 2824).

Planning Permission
Dublin City Council granted Planning Permission (Ref No. 4077/16) as follows:
• Front Building: change of use from language school to office use.
• Demolition of mews office.
• Construction of three-storey over basement, four bedroom house of 222 sq.m. /2,390 sq.ft. with parking to the front and vehicular access from Kingram Place.

Tenancy
The front buildings (29 and 30) are let to EF Language School for €190,000.00 p.a. 15 Jan 2017 to 14 Jan 2018. This is an extension of an earlier lease. There is a full waiver of renewal rights in place. Vacant possession available January 2018.

Rateable Valuation
Current rateable valuation of the combined front buildings (29 & 30) is €122,200

Features

Exceptional development, refurbishment and asset management opportunity on Fitzwilliam Square.
Full planning permission for exceptional mews house.
Full planning for return to office use.
Income producing until January 2018 when full vacant possession will become available.

BER Details

BER: Exempt

Accommodation

Accommodation
Front Office Building
Hall Floor
Entrance Hall
Reception 23.6 sq.m.
Office 22 sq. m.
Comms Room 7.6 sq.m.
Staff Room 16.2 sq.m.

First Floor
Office 19.6 sq.m.
Office 18 sq.m.
Office 23 sq.m.
Office 22 sq.m.

Second Floor
Office 20 sq.m.
Office 16.5 sq.m.
Office 24.5 sq.m.
Male & Female Toilets

Third Floor
Office 38 sq.m.
Office 31.4 sq.m.
Male & Female Toilets

Basement
Office 9.7 sq.m.
Office 18.7 sq.m.
Open Plan Office Area 29.7 sq.m.
Safe 3.7 sq.m.
Open Plan Area 35 sq.m.
Total Net Internal Area: 379 sq.m. (4,082 sq.ft.)

Mews Offices
(Two-storey over basement) 247 sq.m. (2,659 sq.ft.)

Proposed Mews House
Three- storey over basement, four bedroom house c. 222 sq.m. (2,390 sq.ft.)

Documents

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