Description

Q House is a modern high profile seven storey over basement commercial development that provides a total of 62 office suites and a ground floor retail unit.


 


Designed by DMOD Architects, this striking development comprises two distinct buildings joined by a shared open aired courtyard at first floor level and sets of link ways which connect the upper floors of the buildings. Externally, the buildings are finished with a large volume of glazing and natural stone. The entire development extends to approximately 8,960 sqm (96,500 sqft) GIA and was completed in circa 2008.


 


The portfolio of units being marketed for sale comprise 21 office suites and a ground floor retail unit. In total these extend to approximately 3,168 sqm (34,100 sqft) GIA. Ten of the office suites have been amalgamated into four larger units to cater for tenant expansion. There are currently four vacant office suites, with the balance leased via twelve tenancies. Tenants include Grenke Finance plc, Skillnets, and ClaimVantage Corporation Limited which together account for 63% of the current income.


 





The specification of Q House is modern in design and build quality. The buildings and courtyard are positioned to maximise the amount of natural light into the office suites. The high quality common areas and exterior in particular are a feature which sets it apart from other developments in the Sandyford area.



The suites are generally open floor plates which allows for an extremely efficient gross to net floor area.

Other specifications include:


* 4 x 800kg capacity Kone passenger lifts servicing all floors
* Open aired landscaped courtyard at first floor level
* Secure car parking at ground and basement levels.
* Aluminium double glazed windows
* Raised access floors (150mm)
* Suspended ceilings with recessed lighting
* Mixture of air conditioning and gas fired central heating across the portfolio




Eversheds Sutherland

BER Details

BER: B2-E1

Location

Q House is located on the eastern side of Furze Road, approximately 100 metres south of Blackthorn Road, in the prime south suburban office location of Sandyford Dublin. The immediate area is home to many large multinationals including Bank of America Merrill Lynch, Microsoft and Vodafone.

This award winning development is adjacent to an array of amenities such as the Beacon Hotel and the neighbouring Beacon South Quarter retail district.

The LUAS Green line also serves the Sandyford area, providing fast light rail transport to and from Dublin city centre (north) and onwards to Cherrywood & Brides Glen (south). The nearest LUAS stop is Sillorgan, situated within 10 minutes walking distance from the property. Additionally, Dublin Bus run three bus routes that serve the immediate area.

Q House is positioned conveniently close to the M50 motorway (1km South) which encircles Dublin city and provides direct access to the country's full road infrastructure.  
* Single lot sale of 21 modern office suites and one retail unit within a larger award winning development, Q House, completed circa 2008.
* Entire collection extends to approximately 3,168 sqm (34,100 sqft) G.I.A.
* 54 car parking spaces.
* Rent of €646,342 per annum across twelve tenancies. (Average passing rent equal to €22.00 psf inc. cars).
* Immediate potential to increase rental income by leasing four vacant office suites and through active management in the short term.
* Estimated rental value in the order of €965,000 per annum (€27.00 psf and €1,100 per car parking space), representing a reversionary yield in the order of 9.7%.
 
 

Negotiator Details

Christopher Belton