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€9,300,000

2050 Orchard Avenue, Citywest Business Campus, Citywest, Co. Dublin

44306 sq. ft.

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 44306 sq. ft.
LOCATION Citywest Business Campus is a world class managed Business Campus conveniently located adjacent to the N7 motorway. Just 4km's south west of the M50 motorway providing direct access to Dublin International Airport, the Port Tunnel and all arterial routes leading from the city centre. CITYWEST BUSINESS CAMPUS Citywest Business Campus is home to a number of world leading occupiers and boasts all the amenities required of a world class business location. The campus remains the location of choice of some of the top global companies in Pharmaceuticals, IT/Software, Telecomms, Electronics, Media and Food. The strength of Citywest as an office location is underpinned by the low vacancy rates, traditionally below that of other suburban locations. Industrial vacancy rates within the campus are essentially zero. 2050 ORCHARD AVENUE 2050 Orchard Avenue comprises nine modern office / light industrial units. The warehouse is of single span steel portal frame construction with insulated metal deck clad roof incorporating translucent lighting. The eaves height is approx. 7m and access is via automated roller shutter doors. The offices are over two storeys and the specification includes carpeted floors, perimeter trunking, electric storage heating and suspended ceilings with recessed fluorescent lighting. All units are fitted with a tea station and toilet facilities. In addition, all tenants have carried out extensive fit-outs, thus underpinning their commitment to 2050 Orchard Avenue. TRANSPORT Numerous Dublin Bus routes including the (77A, 65B & 69) service the campus from the city centre every 15 minutes. The Red Line LUAS is just a short walk from the subject property which provides direct access to Heuston Station and Connolly Station in the city centre. Here it connects with the Green Line LUAS and the DART providing access to the south suburbs and all mainline train lines. Citywest also operates a private express bus service to the city centre, suburban areas and to the LUAS at peak times. The M50, Dublin's Orbital motorway, is located approx. 4 km's from Citywest which allows quick and easy access to Dublin airport. PROPERTY FEATURES - Nine modern office / industrial units - Extends to approx. 44,306 sq ft, across two blocks with 102 car parking spaces - Passing rent €731,175 per annum - Tenants - KCI Medical (3M), EU Networks, Aeolus Engine Services,Fitzers, Oradeo and TDS - Fully Let - WAULT of approx. 4 years - Located in Citywest - a world class Business Park -NIY 7.14% / Capital Value €210 per sq ft (after standard purchaser costs of 9.96%)

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BER Details

D1

Statistics

23/06/2021

Entered/Renewed

1,835

Property Views

Daft ID: 54735352

Contact Agent

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Colin O'Shea

01 633 3773
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