DescriptionKey Investment Considerations:
• Own door Office Investment within Plaza 256, Blanchardstown Corporate Park 2
• Extending to approx. 108.98 sq m (1,173 sq ft) GIA
• 4 designated car parking spaces
• Let to Ultrapolymers Ireland Limited (Co. Reg. 36497)
• Term – 10 years from 01/01/2020
• W.A.U.L.T. circa 8.75 years
• Secure income of €29,000 per annum
• E.R.V. on reversion approx. €33,325
• N.I.Y. 6.135% (Potential N.I.Y. of 7.05% on reversion)
• Signed Deed of Renunciation
• VAT Exempt Sale
Suite 3, Plaza 256 is located within Blanchardstown Corporate Park 2, strategically positioned at the nexus of the M50, M2 and M3. The property is a 8 minute drive from Junction 6 of the M50 Interchange and a 5 minute drive from the Junction 3 of the N3 National Primary Route.
Blanchardstown Corporate Park 2 affords occupiers easy access to excellent public transport routes. Which run through or stop directly outside the development. Occupiers can also avail of complementary shuttle bus services connecting to and from Dublin City Centre, The Blanchardstown Centre and Coolmine Train Station during peak work times. Furthermore this location affords occupiers with access to a host of telco companies as the T50 runs through the development, Dublin’s hi speed fibre network.
Amenities within the park include:
Café Park - Maxol Filling Station/Food Court - Bagel Factory - O’Brien’s Sandwich Bar - Chopped - Insomnia - Texaco Filling Station - Centra Convenience Store - Giraffe Childcare - Bell + Bear Café - Bank of Ireland & ATM
The subject property comprises a ground floor office suite extending to approximately 108.98 sq m (1,173 sq ft) Gross Internal Area (GIA) which benefits from fantastic natural light.
Internal specification includes:
VRF Air Conditioning, Raised Access Floors, Floor Boxes wired for power & data, Cat 5e Data Cabling, Recessed CAT 2 Ceiling Lights, Suspended Ceilings, Carpets To Open Plan Office & Boardroom, Marmoleum flooring to the Tea Station, Tea Station, Fully Tiled WC, Video Phone & Intercom, Access Control System and Intruder Alarm.
The internal layout of the office suite is primarily open plan in nature and is accessed off a small lobby. The accommodation also includes a tea station, glazed boardroom and private WC.
The property is currently held under a 10 year I.R.I. lease by Ultrapolymers Ireland Limited (Co. Reg. 36497) from the 1st of January 2020, subject to a current passing rent of €29,000 p.a. There are no break options, and the lease expires on 31st of December 2029.
Further information available at: https://www.acres.ie/project-24.html
BER DetailsBER: C2 BER No.800109332 Energy Performance Indicator:426.92 kWh/m²/yr