€2.55m for office building in Monkstown

Agent QRE Real Estate Advisers is guiding €2.55 million for an office investment in the heart of oh-so-chic Monkstown in south Co Dublin.

De Vesci Chambers at 16A The Crescent occupies a prime corner position and comprises a two-storey office building with 958sq m (10,315sq ft) of space.

There is also secure basement car parking for 16 cars, while the building can be accessed from two separate entrances at Monkstown Crescent and the Link Road.

The building is let to media and marketing company Carat AIM Ireland under a 25-year full repairing and insuring lease from April 2003 at a rent of €257,500 per annum.

This lease provides for upwards-only rent reviews every five years and and there’s a break option in 2018.

The L-shaped floor plates are fitted out to include a mix of open-plan and cellular offices, along with meeting rooms, reception, and kitchenettes on both levels.

Fashionable Monkstown offers a range of fine restaurants and cafes, including Avoca, Bistro Spice, Buckley’s, and Seapoint restaurant.

It is close to the Dart at Salthill and Monkstown station, and there are numerous bus routes, including the Aircoach to Dublin Airport, which have stops in the village.

Dún Laoghaire, with an extensive retail offering in the town’s two shopping centres, is just a 10-minute walk away.