The property is end of terrace and located to the southern end of the enclosed glazed mall, which is a unique feature of the development. The buildings, which interconnect at each floor level, provide a gross internal floor area of 10,569 sq ft (981.90 sq m), over three floors together with 15 basement car spaces.
The tenant, Beacon Hospital Sandyford Limited hold a 20 year lease from the 1st of February 2016 at a passing rent of €269,400 per annum up to February 2021, there is a fixed uplift to €280,000 per annum from 2021 to 2026, at which point the rent reverts to market rent. The lease allows for a break option in year 12, February 2028. Beacon Hospital Sandyford provide administration services for the Beacon Hospital, including, finance, HR and accounts. They also provide academy training facilities and programmes for UCD. The UCD Beacon Hospital Academy was launched in February 2015 and boasts the most comprehensive private training programmes in Ireland.
Joint Agent - Turley Property Advisors
- Modern, high quality office investment
- Excellent covenant - Producing €269,400 per annum
- Fixed uplift in February 2021 to €280,000 per annum
- Long unexpired term - 9.8 years to break (17.8 to expiry)
- 15 secure basement car parking spaces