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  7. 2050 Orchard Avenue , Citywest, Dublin 24, D24 K7D0

€6,800,000

Refreshed on:26/10/2017

2050 Orchard Avenue , Citywest, Dublin 24, D24 K7D0

Investment Property 4 m2 Energy Rating


Description

2050 Orchard Avenue comprises two blocks of business units; 9 out of a total of 10 form part of the subject sale.  The units provide a mixture of office and office/warehouse accommodation completed to a high quality specification. There are 100 car spaces serving the property. The campus is renowned for its professionally landscaped common areas which are maintained to a very high standard. There is a 24-hour security presence and extensive CCTV network throughout the campus.

 




The property was constructed in 2008 and the specification is summarised as follows:


 




* Steel portal frame
* 7 metre eaves height
* Power floated concrete floor
* Insulated metal deck roof


 




* 2 storey office accommodation
* Concrete floor
* Double glazed aluminium windows
* Suspended ceiling with recessed lighting
* Fitted wcs and kitchenette areas
* Electric storage heating


 


 


 

Features

9 modern, self-contained business units located in a wellestablished suburban business campus
100% occupied with a current passing rent of €555,000 per annum
Constructed in 2008 by Davy Hickey Properties, developers of Citywest Business Campus
Gross external area of 4,121 sqm (44,358 sqft) with 100 car parking spaces
Weighted Average Unexpired Lease Term (WAULT) of approximately 6.1 years (including break penalties)
Offers are sought in excess of €6,800,000 which represents a net initial yield of 7.50% after allowing for standard acquisition costs of 8.46%

BER Details

BER: B3-C1

Location

Citywest is located approximately 13km south-west ...

Lisney Commercial (Dublin)

St. Stephen's Green House, Earlsfort Terrace, Dublin 2,

Tel: 01 638 2700

PSRA Licence No.  001848





€6,800,000
€6,800,000
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