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€17,250,000 SALE AGREED

Airside South Quarter, Swords, Co. Dublin

90684 sq. ft.

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 90684 sq. ft.
The subject property comprises two four-storey multi-let buildings (known as Block A and Block B) constructed circa 2009. The property comprises an overall floor area extending to 8,424.83 Sq. M / 90,684 Sq. Ft with car parking area arranged to provide no. 230 car parking spaces split between the surface car park and the basement, set on a site of approximately 0.67 hectares / 1.65 acres. BLOCK A: Block A extends to approximately 5,302.82 Sq. M. / 57,079 Sq. Ft. and contains a mix of retail / restaurant units including Hogs & Heifers, Pizza Dog, Indigo Pearl and O'Briens. Block A has undergone a comprehensive redevelopment and has been transformed at significant cost into a state-of-the-art Remote Broadcast and Content Production Centre (RBC) for RIOT Games. The RBC in Dublin will be the first of up to three facilities globally, with each RBC having the ability to produce six events simultaneously across production and audio rooms, bullpens, and live stages. BLOCK B: Block B comprises a four-storey building extending to approximately 3,122.01 Sq. M. / 33,605 Sq. Ft. and is fully occupied by Flyefit gym. Flyefit Airside was the largest Flyefit gym when it opened its doors in 2014 and is one of the most popular given its prominent location. The entire building is serviced by a lift from basement to third floor. INVESTMENT HIGHLIGHTS: - High profile investment opportunity - Modern mixed-use retail, leisure and office scheme - Extends to approx. 90,684 sq. ft. - Fully let to multiple tenants including Riot Games & Flyefit - WAULT to expiry - over 14 years - Passing rent - €1,338,500 per annum - NIY - 7.06% / Capital Value €190 psf - Available by way of seperate lots

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BER Details

B3

Statistics

18/11/2022

Entered/Renewed

3,505

Property Views

Daft ID: 59022992

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Stephen Conway

SALE AGREED