St Stephen’s Green House, Earlsfort Terrace, Dublin 2

Landmark 8-Storey Office Block Overlooking St.Stephen’s Green

Guiding in excess of €50,000,000

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Investment Summary
6,348 sq m
  • Extending to approx. 6,348 sq m (68,325 sq ft)
  • Outstanding opportunity to reposition through refurbishment or redevelopment
  • Weighted Average Unexpired Lease Term of 4 years (as at 1-April 2022)
  • Multi-let to six tenants including the OPW, Hayes Solicitors, Lisney and Aramark
  • Rental income of €3,116,921 per annum, with terms agreed to increase to €3,434,280 pa
  • Dual profile onto Earlsfort Terrace and Lower Leeson Street
  • Proven occupier demand for this location within Dublin’s Central Business District
  • Secure two level basement car park with 106 spaces
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The property occupies a high-profile site with dual frontage onto both Earlsfort Terrace and Lower Leeson Street in the heart of Dublin city centre.

Earlsfort Terrace is one of Dublin’s most prestigious addresses and forms part of the traditional city core CBD. Situated just off St. Stephen’s Green, it is home to the National Concert Hall and the 5-star Conrad Hotel. The immediate area is also home to numerous blue-chip domestic and global occupiers including Deloitte, Aercap, BioMarin, Arthur Cox, Horizon Pharma, Maples, Eversheds Sutherland, Permanent TSB and Metlife.

The property is 650 metres from Grafton Street, 350 metres from The Iveagh Gardens and 750 metres from Merrion Square. The central location offers a myriad of amenities including restaurants, cafés, shops, hotels and entertainment all within a short walking distance from the front door of St. Stephen’s Green House.

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St. Stephen’s Green House comprises a landmark eight-storey office building over a two level basement, extending to approximately 6,348 sq m (68,325 sq ft) NIA.

Originally built in circa 1964, the building was extended upwards to provide the 7th floor in circa 2000. Various other refurbishment projects have been undertaken over the years, most recently of part 5th floor office and core area (completed January 2022), while the main reception and ground floor offices completed circa 2016.

The building has dual frontage onto Earlsfort Terrace to the west elevation with the rear eastern elevation fronting onto Lower Leeson Street. The rectangular shaped design of St. Stephen’s Green House, with the core contained within a central spine, allows for easy sub-division of individual floors and maximises natural light to the office areas. The elongated layout means it also benefits from panoramic views from all floors overlooking St. Stephen’s Green.

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