A prime office development at 40 Molesworth Street, Dublin, has been placed on the market by Savills Ireland with a guide price of €40 mln.
The property, which underwent a complete redevelopment in 2017, has been awarded a LEED Gold Certificate and a BER A3 rating, underlining its commitment to environmental sustainability and energy efficiency.
Domhnaill O ‘Sullivan, investment director, Savills Ireland commented: '40 Molesworth Street is a statement of prestige and forward-thinking design in one of Dublin's most vibrant areas. The property’s prime location, coupled with its exceptional design and sustainability credentials, makes it one of Dublin’s standout investment opportunities.'
The development includes 29,820 ft2 (2,770 m2) of Grade A office space spread across six floors, plus a ground and basement retail unit extending over 3,649 ft2.
The property’s floor plates, ranging from 3,000 to 6,200 ft2, offer versatile occupancy solutions. The asset also inludes 17 car parking spaces.
The broker said that the asset was located a short walk from Grafton Street, St Stephen's Green, Trinity College, and Leinster House.
Currently, the office element is occupied in its entirety by global law firm DLA Piper, while Specsavers occupies the retail element, resulting in a combined rent roll of approximately €2.175 mln per annum. The leases have around 12 years to expiry, or 5.25 years to break.
