DescriptionUnit 5A comprises a two-story own door self-contained office unit located in Sandyford Business Centre. The accommodation is predominantly open plan in layout with some demountable partitioning providing cellular offices in parts of the building. A staff canteen area is provided at the first-floor level.
The property presents well and is finished to a high standard providing for raised access flooring, suspended ceilings, and ample floor boxes. Toilets are provided at ground and first floor levels.
The subject property is leased to Exaxe Limited t/a Majesco on a 20-year FRI lease which expires on 30 September 2024 at a passing rent of €106,000 per annum.
The property is zoned Objective OE (Office Based Employment) ‘To provide for office and enterprise development' under Dun Laoghaire and Rathdown County Development Plan 2016-2022.
We understand the property is held long leasehold.
The purchaser will be liable for any VAT (if applicable) arising out of the sale.
FeaturesSelf-contained office extending to 382.73 sq.m (4,119 sq.ft)
12 surface car parking spaces
5 years to lease expiry
Passing rent of €106,000 per annum
Attractive initial yield of 7.42%
Tenant not affected by the sale
LocationSandyford Business Centre is located approximately 8km south of Dublin city centre, with access off Burton Hall Road and Blackthorn Road in the heart of Sandyford Industrial Estate. The immediate area is predominantly commercial in character.
There is excellent transport infrastructure and public transport links within close proximity to the property, such as Sandyford LUAS stop which is situated within a 4-minute walk of the property. Dublin Bus also operates a regular bus service towards the city centre and the south suburbs.