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For Sale: 28 Pembroke Lane, Ballsbridge, Dublin 4
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for sale
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€
850,000
Asking price
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Location
No. 28 is at the Ballsbridge end of Pembroke Lane which runs parallel to Pembroke Road and Elgin
Road.
Ballsbridge is the highest value office and residential location in Dublin and lies approximately 1.5km
southeast of St. Stephen’s Green.
The many amenities in the area include a range of restaurants, bars and shops, the RDS, Avia
Stadium, Herbert Park and various schools.
The property is within walking distance of The Aviva Stadium and Dublin’s primary business,
shopping and financial district. The DART at Lansdowne Road is also a short stroll away.
Summary
Office Investment with Huge Reversionary and Residential Potential (SPP)
Two-storey mews on Pembroke Lane currently in office use with huge reversionary potential and
suitable for conversion back to residential use (SPP)
Situation
No. 28 is at the eastern end of Pembroke Lane close to Finsbury House, the RDS and many embassies
including the American, British, and French.
The property has the advantage of a southern aspect to the rear garden.
Description
No. 28 is a two-storey mews building with a single-storey extension, off-street parking for three cars
behind timber doors and an enclosed, south-facing rear garden. Currently in office use with a lease
expiring in November 2031, the property is ideally suited to a return to residential use (SPP).
Accommodation
| Accommodation | |
| Ground Floor | |
| Front office | 48.5 sq.m. / 522 sq.ft. |
| Rear office | 20.66 sq.m. / 222.4 sq.ft. |
| WC | |
| First Floor | |
| Canteen | 9.8 sq.m . / 105.5 sq.ft. |
| Rear office | 16.4 sq.m. / 176.5 sq.ft. |
| Office | 15.24 sq.m. / 176.5 sq.ft. |
| Outside | |
| Secure parking for three cars to the front and an enclosed suntrap garden to the rear | |
| Total Net Internal Area | c. 111 sq.m. / 1,191 sq.ft. |
| Total Gross Internal Area | c. 118 sq.m. / 1,270 sq.ft. |
Tenancy
The property is occupied by Robert Plunkett trading as JR Plunkett Solicitors under a 10-year Full
Repairing and Insuring (FRI) lease from 5th November 2021 at a passing rent of €30,000 per annum
with a rent review due in November 2026. The passing rent equates to €25.19 per square foot so a
significant increase is anticipated at review. Critically, the tenant executed a deed of renunciation of
renewal rights. This means that the purchaser will get vacant possession of the property in
November 2031 (end of the lease term).
Viewings
Strictly by appointment with sole agents, Stokes Property Consultants Ltd.
Contacts
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Stokes Property
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Disclaimer
Stokes Property Consultants Limited t/a Stokes Property and the Vendor/Lessor give notice that:
- These particulars are for guidance only and do not constitute nor constitute any part of an offer or a contract.
- All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor.
- None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.
- The particulars, various plans, photographs, descriptions and measurements have been carefully prepared, but their accuracy is not guaranteed and any intending Purchasers/Lessees shall satisfy themselves by inspection or otherwise as to their correctness. No omission, accidental error or misrepresentation shall be a ground for a claim for compensation or for the rescission of the Contract by either the Vendor/Lessor or the Purchaser/Tenant.
- Neither the Vendor/Lessor nor Stokes Property Consultants Ltd. t/a Stokes Property nor any person in their employment has any authority to make or give any representation or warranty in relation to the property. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and all the negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT
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