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Dublin's 20 on Hatch Street Lower up for sale for €26.5m

20 on Hatch Street Lower in Dublin city centre is up for sale with a price tag of €26.5m
20 on Hatch Street Lower in Dublin city centre is up for sale with a price tag of €26.5m

Property advisor Savills Ireland has listed 20 on Hatch Street Lower in Dublin 2, at a guide price of €26.5m.

The property spans 44,735 square feet and is located in Dublin's Central Business District.

The office building is currently leased to a diverse group of tenants, including Medtronic and MetLife, which Savills said provides a stable income with a weighted average unexpired lease term (WAULT) of about three years.

The deal is expected to yield a net initial return of 8.07%, which translates to €592 per square foot, after acquisition costs, it added.

Fergus O'Farrell, of Savills Ireland, said the sale of 20 Hatch Street Lower is a prime opportunity to secure a prestigious office investment in a sought-after Dublin location.

"With a strong tenant base and the advantage of significant repositioning potential, this property represents a strategic acquisition for discerning investors," he added.