High-quality offices in D2’s Hanover Quay for €3.75m

An extensive ground floor office rented by MCA Architects at Hanover Quay in Dublin 2 is expected to attract considerable interest from investors when it is offered for sale this weekend for about €3.75 million.

Agent CBRE is handling the sale of the high-quality office accommodation, which extends to 553sq m (5,955sq ft). The investment produces an annual rental income of €171,666, well short of rent levels in the area.

The Hanover Quay building has a good mixture of facilities, including a boardroom/video conferencing area, meeting rooms, a variety of open-plan and cellularised offices, and air-conditioning, as well as an outdoor terraced area and four car parking spaces. The offices are within a 10-minute walk of both the Luas and Dart services.

MCA Architects has been based in the building since 2015. The current rent, at less than €30 per sq ft, is likely to increase significantly in 2020.

Co Kerry period house and 2.8 acres for €1.6m

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Dublin office block overlooking Grand Canal Dock let for in excess of quoted rent

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Former Classic Cinema site in Harold’s Cross guiding €6m-plus

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Stephen Ahern of CBRE said the strength of the location and the tenant would appeal to domestic and international investors. “The guide price breaks back to a very modest €630 per sq ft.”