Description
Unit 20 Ashbourne Business Park is a modern detached high-bay industrial and logistics facility extending to approximately 3,789 sq. m (40,788 sq. ft) GEA. The property benefits from an exceptionally high warehouse clear height of approximately 14.9 m (49 ft), with 1 No. dock leveller and 2 No. level access doors. The property has been fitted out for records and information management use and incorporates five floors of high-density, multi-tier archive storage systems. The tenant fit-out also includes a fire suppression system. The property provides ancillary offices, substantial internal clear height and a high-quality industrial specification appropriate to its current use. The property occupies a self-contained site within Ashbourne Business Park.
TENANCY DETAILS
Unit 20 is fully leased to Oasis Document and Data Management Limited, who are an Irish registered company, incorporated in 1998 with 3 locations cross Dublin. The tenant occupies the property on a 20-year FRI lease from January 2020, expiring January 2040. The lease provides a passing rent of 460,000 p.a., increasing to 529,000 p.a. in 2030 and subject to an open market rent review in 2035. The lease is supported by a parent company Guarantee from Offsite Archive Storage and Integrated Services Limited, providing additional covenant support.
PRICE
Guiding in excess of 6,750,000 which equates to a 6.20% NIY stepping to 7.13% NIY in 2030 (assuming standard purchasers' costs of 9.96%)
BER
BER: B
No. 801190802
Score: 185
DATAROOM
www.unit20ashbourne.com
TITLE
Long-Leasehold for the term of 950 years from the 4th November 2016 Features
- Modern detached high-bay industrial/logistics investment extending to approx. 3,789 sqm (40,788 sqft) GEA..- Fully let to Oasis Document and Data Management Limited with parent company guarantee from Offsite Archive Storage and Integrated Services Limited.- 20-year FRI lease expiring 14 January 2040 with no break option, providing 13.25 years unexpired.- Passing rent of 460,000 per annum, with a fixed stepped increase to 529,000 per annum.- NIY 6.20%, stepping to 7.13% NIY in 2030.- Tenant not affected Negotiator
Location
Ashbourne Business Park is located on the Ballymadun Road, on the northwest side of Ashbourne tow... Tenancy
