Mixed-use Dún Laoghaire investment seeks €6m bids

It comprises two full blocks and sections of two other blocks in Century Court at 100 Upper George’s Street, in the heart of Dun Laoghaire town centre.

Robert Colleran Property Consultants is handling the sale and points out that An Post (National Post Office service) occupies the high-profile ground floor public office facing directly onto Upper George’s Street. Together with the other four tenants – including ABII (Acquired Brain Injury Ireland), St John of God, GEDU Holdings and St Nicholas Montessori – they pay a combined annual rent totalling €460,448.

With a combined total floor area extending to 1,636.4 sqm (17,614 sqft) the premises are built over a shared basement car park and comes with 30 designated car-parking spaces.

An Post occupies 2,745 sqft on the ground floor of Block A paying a total annual rent of €105,000 on a lease which runs until April 2027. ABII occupies 7,786 sqft on the first, second and third floors of the same block at a rent of €201,698 per annum on a lease which runs until March 2034.

In Block B GEDU Holdings, trading as English Path, occupies 2,143 sqft on the first, second and third floors at an annual rent of €40,000 on a lease which runs until October 2028.

In Block C, St Nicholas Montessori occupies 3,606 sqft on the second and third floors at an annual rent of €75,000 on a 10-year lease which runs until June 2028.

St John of God occupies 1,334 sqft on the second and third floors in Block D at an annual rent of €38,750 on a lease which runs until October 2027.

Century Court occupies a high-profile position on Upper George’s Street opposite Dunnes Stores and McDonald’s restaurant as well as being adjacent to Bank Of Ireland.

The complex backs on to a modern apartment block and the Royal Marine Hotel. One of the tenants, St John of God, also occupies another block in the complex which is also close to the town’s two shopping centres.

Constructed in 1996, its design incorporates a red brick and granite façade, with arches on the ground floor to mirror the adjoining period building occupied by Bank of Ireland as well as other red brick buildings which create Upper George’s Street’s ambience.