Oakmount offering a 5pc yield for mixed-use Liberties landmark property
There are four fully-let floors of grade-A office accommodation in the Liberties property
A landmark mixed-use block, Sixty One, on Thomas Street, Dublin 8, is being sold by its developer Oakmount, headed by Paddy McKillen Jnr.
Located next to the Vicar Street music venue, the 16,614 sqft property extends to four fully-let floors of grade-A office accommodation, along with John’s Bar & Haberdashery on the ground floor.
Knight Frank is seeking €14.75m and director Ross Fogarty says that with total annual rent of €810,228, it offers a 5pc net initial return.
Its WAULT lease term averages over seven years. Tenants include Lumen Technologies, Digitize New Media amd McCann Advertising. The pub is let to the Workman’s Club which is a hospitality business in the Press Up group, also headed by Paddy McKillen Jnr.
More Commercial Property
Paul McNeive: Are Irish estate agents overzealous when it comes to GDPR?
Rathdrum nursing home site could also suit residential or retail development
Two Dublin warehouse lots guiding about €1m each
Commuter-belt properties in Kildare and Meath offer residential prospects
Fresh prospects offered with Blanchardstown investment
-
Paul McNeive: Why getting housing built at home hinges on world events
Potential yield increases to 9.77pc for office investment near Dublin Airport
Office building near UCD pitched to sell for in excess of €2.5m
-
Paul McNeive: Boundaries and titles are key elements in any property deal
JLL promotes Deirdre Costello to new role as head of Irish markets
Top Stories
Breaking | Man killed in explosion while clearing rock in Co Donegal
Revealed: How the Kinahan cartel used tiny Iranian island to launder dirty money and for holidays
-
Stefanie Preissner: I polled men on how female bodies worked — the results were shocking
-
Pat Spillane: Why Donal Óg Cusack needs to zip it – and the one county who tick all the boxes to win Sam
Craig Casey and Peter O’Mahony dance with Munster teammates in hotel lobby after winning the URC
-
Sophie White: What does your McDonald’s order say about you?
-
The new rules of etiquette: how to smooth over the many irritations of modern life
Adrian Mullen emerges as serious doubt for Kilkenny after suffering nasty hand injury
Convicted killer who absconded from Northern Ireland is granted bail in High Court
Cork’s RedFM will let long-time presenter keep hosting show from Dublin three days a week for now, court told
Latest News
North Kerry in shock at death of man (70s) in farming accident
Woman claim she lost one of her twin babies because medical staff repeatedly refused Caesarean section
Kerry hurling champions Causeway drawn in group of death for 2023 championship
County Wexford woman is joined by her family for a very special birthday celebration
Adrian Mullen emerges as serious doubt for Kilkenny after suffering nasty hand injury
Personal trainer charged after van transporting €4m of cannabis intercepted by gardaí
Morgan Freeman to serve as honorary master of ceremonies at UCD Festival
Convicted killer who absconded from Northern Ireland is granted bail in High Court
Cllr hits out at drivers doing doughnuts at Kerry’s ‘most dangerous junction’
-
Listowel Writers’ Week curator reflects on challenges – ‘Nobody said anything to me, at least not to my face’
