Property advisor, Savills Ireland has been mandated to sell 20, Hatch Street Lower in Dublin's 2nd district at a guide price of €26.5 mln.
The property spans 44,735 ft2 and is located in Dublin's Central Business District. The building is currently leased to a diverse group of tenants, including Medtronic and MetLife, providing a stable income with a weighted average unexpired lease term (WAULT) of approximately three years.
This opportunity is expected to yield a net initial return of 8.07%, which translates to €592 per ft2, after acquisition costs.
Additionally, the property includes a pathway to improve its Building Energy Rating (BER) from C2 to A3.
Fergus O’Farrell of Savills Ireland commented on the offering: 'The sale of 20 Hatch Street Lower is a prime opportunity to secure a prestigious office investment in a sought-after Dublin location. With a strong tenant base and the advantage of significant repositioning potential, this property represents a strategic acquisition for discerning investors.'
