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-containedsite within Ashbourne Business Park.
TENANCY DETAILS
Unit 20 is fully leased to Oasis Document and DataManagement Limited, who are an Irish registered company,
incorporated in 1998 with 3 locations across Dublin. The tenant occupies the property on a 20-year FRI leasefrom 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.
COVENANT
OASIS Document and Data Management
Limited reported turnover of 19.12 million for the year
ended 31 October 2025 and holds a Vision-net credit score
of 84/100, categorised as “Low Trade Risk”.
Its parent company, Offsite Archive Storage and Integrated
Services Limited, reported profit after tax of 10.57 million
for the same year. Net assets stood at 297.23 million,
reflecting a substantial equity base. It holds a Vision-net
credit score of 93/100, also categorised as “Low Trade
Risk”
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
IES have carried out a BER improvement report which demonstrates that the BER
can be brought up from a B to A rated building. The BER improvement report is available
in the Dataroom.
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 Negotiator
Location
Ashbourne Business Park is located on the Ballymadun Road, on the northwest side of Ashbourne tow... Tenancy
