Dublin’s 20 on Hatch Street Lower on the market for €26.5 million
11 April 2024
This notable property spans 44,735 square feet and is strategically located in Dublin's vibrant Central Business District, offering a unique investment opportunity.
The building is currently leased to a diverse and reputable 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 square foot, after acquisition costs.
Situated in one of Dublin's most dynamic and desirable areas, 20 Hatch Street Lower benefits from excellent accessibility to public transport and is within easy walking distance of a wide range of amenities. Its prime location, coupled with strong tenant occupancy, makes this property an attractive proposition for investors seeking quality assets with solid income potential and strategic growth opportunities.
Fergus O’Farrell of Savills Ireland comments 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."
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