Office Investment extending to 616 sq m
Fully let on modern FRI Lease
Current rental income of €80,000 pax
14 years unexpired
Tenants not affected
The subject property is situated within Blanchardstown Corporate Park, which is located 3km from Blanchardstown Shopping Centre and 2.2km from the N3 Dublin / Navan Road, which provides immediate access to the M50. Dublin International Airport and the Port Tunnel are 20 minutes away via the M50. The Corporate Park contains amenities and facilities such as an on-site child day-care facility, SPAR convenience store, O'Brien's Sandwich Bar and Bagel Factory, and the Bell and Bear restaurant.
Blanchardstown is a popular office location which has attracted a number of high profile tenants including eBay, Amazon, AIB, HSE, IBM and BMS. The Park is well serviced by multiple Dublin Bus routes which provide frequent services that run through the complex.
The subject property comprises two adjoining and interconnecting two storey purpose built office units, positioned at the end of a terrace of similar office units. Unit 15 is entered from the main central common area within the development. Unit 16 has its own entrance from the west end of the terrace. The two units each comprise open plan office accommodation at ground and first floor, with toilet accommodation on both levels. The units feature partitioned cellular office space, boardrooms, and staff
canteen areas. Each unit has 10 surface car parking spaces.
The entire property is let to OCC Chartered Accountants under a 25 year FRI lease from the 7th July 2006 subject to a passing rent of €80,000 per annum. There are upward only rent reviews and the next review is due in July 2022.
VAT is applicable to this transaction.