Sale of Premier Office Development at 40 Molesworth Street, Dublin

40 Molesworth Street, a trophy asset, represents a unique investment opportunity in Dublin. The property, which underwent a complete redevelopment in 2017, illustrates impeccable standards of modern architecture and sustainable design. The building has been awarded a LEED Gold Certificate and a BER A3 rating, showcasing its commitment to environmental sustainability and energy efficiency.

The development boasts 29,820 sq ft of state-of-the-art Grade A office space spread across six floors, complemented by a ground and basement retail unit extending over 3,649 square feet.

The property’s spacious floor plates, ranging from 3,000 to 6,200 square feet, offer versatile occupancy solutions, ideal for diverse office configurations. Tenants also enjoy the privilege of 17 highly sought-after car spaces and exceptional ESG credentials.

The property's significant corner profile at the intersection of Molesworth Street and Dawson Street, paired with its proximity to key transport links, enhances its allure. Located a short walk from Grafton Street, St Stephen's Green, Trinity College, and Leinster House, 40 Molesworth Street is at the heart of Dublin's commercial, cultural, and political spheres.

Currently, the office element is occupied in its entirety by DLA Piper, a leading global law firm, while Specsavers occupy the retail element, resulting in a combined rent roll of approximately €2.175 million per annum. These strong covenants, coupled with a WAULT of approximately 12 years to expiry (5.25 to break), affirm the property’s robust investment profile.

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.”