Landmark Temple House hits the market in Blackrock for €9.75m

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Sale of south Dublin office block offers buyer initial yield of 8.58% via IrishTimesBiz

Temple House, a high-profile office building with impressive sea views, has come to the market in Blackrock, south Dublin, seeking €9.75 million. The property is likely to interest an investor in search of yield, or a developer seeking a refurbishment opportunity.

The offices, which extend to 2,759sq m on a net internal floor area basis, and 3,305sq m on a gross internal basis, are fully let to various occupiers including Irish Life and Sodexo. The property is likely to appeal to developer landlords seeking refurbishmentor change of use opportunities in the medium term with immediate income. Alternatively, Temple House may also be an attractive standing investment, with full rent from quality covenants and could be asset managed to grow rental income and modernise the existing structure.

 

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