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€7,000,000

2nd and 3rd Floor Paramount Court, Sandyford, Dublin 18

Investment Property

Property Overview

  • Available From: Immediately

Description

    The property comprises the second and third floor within the Paramount Court development constructed c. 2002. The sale also includes 40 no. car parking spaces situated at basement level. Access to the office accommodation is provided via the main shared reception area at ground floor level and from the basement using the two passenger lifts or main staircase within the building. The office floor plates are “L� shaped and provide for a mixture of open plan and cellular office space and kitchenette facilities. Two six person elevators serve the entire building. Each floor provides for steel raised access floors, with high power data cabling, suspended acoustic ceiling tiles and temperature is regulated via recessed air handling system. Toilets are provided in the entrance hall upon exiting the elevator system. Suburban office investment in the centre of Sandyford Business Park Gross internal area of approximately 1,893 sq.m (20,384 sq.ft) Combined rental income of €568,678 per annum Strong tenant covenant including Smith & Williamson and PrePay Power Limited Tenants not affected by the sale Weighted average unexpired lease term of approx. 3 years to break option and 10 years to expiry Guiding in excess of €7,000,000 which equates to a net initial yield of 7.50%

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    BER Details

    C3

    Statistics

    23/10/2021

    Entered/Renewed

    2,808

    Property Views

    Daft ID: 55787762