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3016-3018 Lake Drive, Citywest Business Campus, 22, 965, Dublin 24, Dublin

€6,200,000

D24TY81 2133.5005574136 m²

3016-3018 Lake Drive, Citywest Business Campus, 22, 965, Dublin 24, Dublin

€6,200,000

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Beds
Price	€6,200,000
Property Type	Investment Property
Size	2133.5005574136 meters²
Energy Rating	BER-B1
Refreshed on	Apr 10, 2024
Eircode	D24TY81

Description

3016-3018 Lake Drive comprises a 2-storey office building extending to 22,965 sq ft, together with 74 car spaces. The building has a brick fa�ade and pitched roof. The building offers a mix of cellular offices, large boardrooms, meeting rooms and open plan office layout. The building benefits from a bright reception upon entry and an 8-person lift. Commercial Energy Ratings have carried out a BER improvement report. The report demonstrates that the BER ratings can be brought from a B1/B3 to an A3. Offers are sought in excess of 6,200,000 which represents a NIY of 8.04% (after purchasers costs at 9.96%) and a capital value of 270 psf with short-term reversionary potential.

Accommodation

Features

Office investment with long-term income Entire building extends to approx. 2,134 sqm (22,965 sqft) with 74 surface car parking spaces 100% occupied with excellent covenants including Pure Telecom, Schneider & Aspen Pharma Centrally located in the highly sought after Citywest Business Campus. Passing rent of 547,844 per annum with short-term reversionary potential (June 24 RR) WAULT of 5.85 years to break and 10.55 years to expiry.

BER Details

BER: B1

Directions

Negotiator

Thomas Byrne

Features

Parking

Description

3016-3018 Lake Drive comprises a 2-storey office building extending to 22,965 sq ft, together with 74 car spaces. The building has a brick fa�ade and pitched roof. The building offers a mix of cellular offices, large boardrooms, meeting rooms and open plan office layout. The building benefits from a bright reception upon entry and an 8-person lift. Commercial Energy Ratings have carried out a BER improvement report. The report demonstrates that the BER ratings can be brought from a B1/B3 to an A3. Offers are sought in excess of 6,200,000 which represents a NIY of 8.04% (after purchasers costs at 9.96%) and a capital value of 270 psf with short-term reversionary potential.

Accommodation

Features

Office investment with long-term income Entire building extends to approx. 2,134 sqm (22,965 sqft) with 74 surface car parking spaces 100% occupied with excellent covenants including Pure Telecom, Schneider & Aspen Pharma Centrally located in the highly sought after Citywest Business Campus. Passing rent of 547,844 per annum with short-term reversionary potential (June 24 RR) WAULT of 5.85 years to break and 10.55 years to expiry.

BER Details

BER: B1

Directions

Negotiator

Thomas Byrne

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Property Price Register

Lisney Commercial Dublin

Tel: 01 63...

PSRA Licence No. 001848

Date created: Apr 10, 2024