A grade A office suite investment in Dublin 2 has been brought to the market with a guide price of more than €2,250,000.
Suite 3 Harmony Court is let to Harmony Accountants Limited trading as DKC Accountants, at an annual rent of €163,725 per annum. Sales agents Knight Frank says that this would equate to a net initial yield (NIY) of about 6.6pc after standard purchaser's costs of 9.96pc. Its new 15-year lease incorporates five yearly CPI-linked rent reviews. A lease-break option does not apply until the expiry of the 10th year, offering purchasers secure long-term income. Located on the ground floor, the suite extends to a net internal floor area of 3,405 sq ft and benefits from three secure basement parking spaces.
Harmony Court is situated 650 metres from Grand Canal Square and 400 metres from Pearse Street Dart Station.