Description

Highly Reversionary Suburban Office Investment Opportunity
(TENANT NOT AFFECTED)

Ground floor third generation specification office suite of 3,546 sq.ft. (329.43 sq.m.) in high profile location.

Fully let to secure tenant on a 5 year FRI lease from 2015 which expires in July 2020 and has a current rental level of €52,500.

Significantly under-rented with potential to increase rent in 2020 to ERV of approximately €98,000 per annum (€25 psf with €1,200 pcs).

Vendor is seeking excess €850,000, a net initial yield of just under 6%, with potential to increase
this to excess 11%, at reversion in 2020.
.
The property also has the benefit of 8 secure car spaces.
Excellently located opposite The Beacon Hospital in Sandyford, Dublin's premier suburban office location.

The suite is fitted out to a very high standard, in a mix of glazed cellular and open plan office space, canteen and toilet facilities. The specification of the office space includes suspended ceilings, air conditioning, fluorescent lighting, and carpet covered floors.

The building has an impressive feature double height generous reception area which has a manned security / concierge desk.

Apex Business Centre, which is a landmark high-profile office block, located close to the . Sandyford is Dublin's premier suburban office location and many well-known office occupiers have space in the area such as AIB, Microsoft Ireland, Salesforce, Vodafone, Chill Insurance and Dun & Bradstreet.

Sandyford is strategically located off Junction 14 of the M50, providing easy access to Dublin Airport, Dublin Port etc. The N11 Stillorgan Dual Carriageway also links the area to the city centre and the south suburbs.

The property is minutes walk from the Luas Green line and is within close proximity of a wide range of amenities including the Beacon South Quarter, The Beacon Hospital and The Clayton Hotel.

Accommodation

The subject property forms part of the ground floor of the Apex Business Centre, with excellent frontage within this five storey over basement modern office block.

The suite comprises a third-generation office investment property extending to GIA 3,546sq.ft. (329.4 sq.m.), with 8 secure basement car parking spaces.

BER Details

BER: D1 BER No.800569965

Directions

The property is located in the Apex Business Centre, close to the junction of Blackthorn Drive and Blackthorn Road in Sandyford, opposite the Beacon Hospital.

Viewing Details

Strictly by appointment with sole agents Melford Property.