Period office building overlooking Dún Laoghaire harbour for €1m

A period office building overlooking Dún Laoghaire harbour and Dart station is on the market for €1 million through agent QRE.

Number 6 Charlemont Terrace on Crofton Road is subject to a 20-year lease from April 2017 that is currently producing a rent roll of €62,000 per annum. At the guide price, this would reflect a net initial yield of 6 per cent after standard purchaser’s costs.

The end-of-terrace building is arranged over basement, ground and two upper floors. There is 376sq m (4,051sq ft) of space, a garden to the rear and five designated car-parking spaces to the front.

This part of Dún Laoghaire, close to the sea, has undergone a renaissance in recent years as council-funded improvements to the public realm – like the Lexicon library – have turned it into a hotspot for restaurants and weekenders.