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IrelandCorkBlock A Cork Business and Technology Park Model Farm Road, Co. Cork

€1,900,000

Block A Cork Business and Technology Park Model Farm Road, Co. Cork

1492.939427722m 2Energy RatingInvestment Property Refreshed on Feb 25, 2021
Eircode: T12E129
#3 of 3 Properties Viewed in Cork
Lisney Commercial Cork
Lisney Commercial Cork
Tel: 021 427 5079
PSRA Licence No. 001848
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Description

The office building is situated amidst a 79 acre business park located on Model Farm Road in Cork. The property is laid out over two floors with the ground floor extending to a NIA of approx. 7,280 sq ft, which is currently occupied. The vacant first floor has a very similar floor plate and extends to a NIA of approx. 7,262 sq ft. This floor can be independently accessed and is in very good condition, ready to be occupied immediately.

Accommodation

Features

Office investment opportunity in Cork Business & Technology Park Stand alone, two storey office block extending to approx. 16,070 sq ft (GIA) Ground floor occupied with first floor vacant New 10 year lease from Dec. 2020 for the ground floor with 5 years term certain Let to S3 ASIC Semiconductors Ltd with excellent international covenant strength Current income of �?�116,480 p.a. NIY of 5.6% with potential for reversionary yield of 11.1% Includes 55 surface car parking spaces The office accommodation is in very good condition with suspended ceilings and raised floors Joint Agents; Bid X1 (Tel: 01 6673388)

BER Details

BER: C2 413.41

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Negotiator

David McCarthy

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