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La Vallee House, Upper Dargle Road, Bray, Wicklow

POA Energy Rating A98W2H9 1109 m2
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La Vallee House, Upper Dargle Road, Bray, Wicklow

POA

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Price POA
Property Type Investment Property
Size 1109 meters2
Energy Rating BER-C1
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Eircode A98W2H9

Description

Detached Modern Office Investment 1,109 sq.m. (11,930 sq.ft.) net floor area 8.5% net return Fully let investment comprising a three storey office building over basement parking, totalling approx. 1,109 sq.m. (11,930 sq.ft.) Net Internal Area and Gross Internal Area of 1,140 sq.m. (15,170 sq.ft.). Planning permission has been granted for an additional floor of approx. 426sq.m. (GIA). Located next to Junction 6 of M11 motorway & easily accessible to Bray town centre and its host of amenities and Dart Station. Strong tenant mix with excellent letting record currently generating annual rental income of €181,770 per annum. Guide price of €1,950,000 would reflect a net initial investment yield of 8.5% after standard purchaser's costs, and a capital value of only €164 per sq.ft. calculated on the net internal floor area. There is strong potential for future rental growth with passing rents of only approx. €13 / €13.50 per sq.ft. (plus car parking). 65 car parking spaces. Tenants not affected

BER Details

BER: C1 BER No.800941395 Energy Performance Indicator:149.24 kWh/m²/yr

Description

Detached Modern Office Investment 1,109 sq.m. (11,930 sq.ft.) net floor area 8.5% net return Fully let investment comprising a three storey office building over basement parking, totalling approx. 1,109 sq.m. (11,930 sq.ft.) Net Internal Area and Gross Internal Area of 1,140 sq.m. (15,170 sq.ft.). Planning permission has been granted for an additional floor of approx. 426sq.m. (GIA). Located next to Junction 6 of M11 motorway & easily accessible to Bray town centre and its host of amenities and Dart Station. Strong tenant mix with excellent letting record currently generating annual rental income of €181,770 per annum. Guide price of €1,950,000 would reflect a net initial investment yield of 8.5% after standard purchaser's costs, and a capital value of only €164 per sq.ft. calculated on the net internal floor area. There is strong potential for future rental growth with passing rents of only approx. €13 / €13.50 per sq.ft. (plus car parking). 65 car parking spaces. Tenants not affected

BER Details

BER: C1 BER No.800941395 Energy Performance Indicator:149.24 kWh/m²/yr
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Finnegan Menton
Finnegan Menton
Tel: 01 61...
PSRA Licence No. 001954

Date created: Sep 26, 2023

Finnegan Menton
Finnegan Menton
PSRA Licence No. 001954
Call Agent: 01 61...