DescriptionRoseville Business Park is located in north Co. Dublin, approx. 16 km north east of Dublin City Centre and 3 km west of Donabate village. Roseville Business Park is an established industrial and logistics location adjoining Turvey Business Park, Red Leaf Business Park and Shannon Valley Centre. The Park is situated just off the M1 motorway (Junction 4), the motorway that links Dublin to Belfast – Ireland’s two largest cities.
The property comprises a modern detached, facility with two storey offices to the front and warehouse to the rear, located on a large secure yard used for showroom / storage and assembly / reconditioning purposes. It is a large regular shaped site, with just 8% site coverage. The property is of steel portal frame construction with a mix of concrete block infill walls and profiled metal cladding, all under a twin skin metal deck roof, incorporating Perspex rooflights. The clear internal height is 6.73m, rising to a height of 9.1m at the apex.
The office accommodation comprises a reception, mix of open plan and partitioned offices, canteen, changingrooms, WC’s and shower facilities. General specification includes plastered and painted walls, carpet tiles and suspended ceilings with inset fluorescent lighting and perimeter trunking for power and data points. The offices are fully air conditioned and benefit from gas fired central heating.
The property is let to Portakabin (Ireland) Limited by way of a 25 year FRI lease from the 1st March 2003. The passing rent is €395,000 per annum, which will reduce to €245,000 per annum on the 1st March 2021 and is payable until lease expiry (1st March 2028). The Tenant has the benefit of a break option on the 1st of March 2026, subject to 12 months’ notice. The lease is guaranteed by Portakabin Limited who have an excellent Dun & Bradstreet rating of 5A1. Indicates excellent financial strength and minimal risk.
Features•Modern office and warehouse facility extending to 16,025 sq. ft. located on a large 3.78 acre site.
•Let to Portakabin (Ireland) Limited, guaranteed by Portakabin Limited -excellent covenant, Dun & Bradstreet rating of 5A1.
•Passing rent of €395,000 p.a. which will reduce to €245,000 p.a. on the 1st March 2021.
•Tenant break option 1st March 2026; lease expiry 1st March 2028.
•Clear internal height of 6.7m rising to 9.1m at the apex.
•Just 8% site coverage.
•Yard depth of 109m.
•26 car parking spaces.
•NIY 9.98% / RY 6.19% in 2021 after standard purchaser costs of 9.96%.