Fleming Court, a Dublin 4 office investment with development potential has been brought to the market by TWM which is guiding €18m . This reflects a capital value of only €613 per square foot .
Located off Mespil Road, near Baggot Street Bridge, the building extends to 29,380 sqft over five floors and comes with 16 car spaces.
Tenants include Sparkasse Bank Malta, Kennelly Tax Advisors, CSC Capital Markets and St James International. It currently generates €883,000 in contracted income per annum and has potential to grow this to €1.45m. A recent 2021 letting in the building achieved €50 per square foot.
As well as income from letting existing space, it also has potential for at least one additional floor.