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€850,000

Priory House, 19 Priory Office Park, Stillorgan Road, Co. Dublin, Blackrock, Co. Dublin

2368 sq. ft.

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 2368 sq. ft.
This is an excellent opportunity to purchase a 206 sq.m. office investment property that has been rented out to a firm of Solicitors under a short term Lease for a passing rent of €54,500 p.a. to include 3 car parking spaces. This passing rent on the short term Lease is approx. €21 per sq.ft. plus €1,500 per car parking space The tenant has signed a Deed Of Renunciation and there is also potential for full vacant possession. Price level of approx: €334 per sq.ft. plus €20,000 per car parking space The Priory Office Park holds a high profile position on the N11 Stillorgan Road and is less than 10 meters distance to the immediate south of the Talbot Hotel and public car park. Priory House is located to the east of the Priory Office Park adjacent to Treesdale residential housing estate. The subject property is located 6 kilometres from St. Stephens Green and there is a Quality Bus Corridor bus stop within 30 metres of the property, which provides an excellent QBC bus service to the city centre (within 20 minutes - 7b, 7d,46a, 46e, 47, 116, 118, 145, 155). This office park is located directly opposite James Hennessy Motors Ltd., the Talbot Hotel (former Stillorgan Park Hotel). The Talbot Hotel provides excellent amenities for meetings including conference facilities as well as a generous reception area, the Brass bar and Purple Sage restaurant. It also can accommodate visitors with additional car parking. The Circle K garage and Convenience Store is also located less than 210 metres from the property. The property is also less than 450 metres or 5 minutes walking distance of Stillorgan Village and the Stillorgan Village shopping centre, which provides a host of shops, cafes and restaurants e.g. Tesco, Dunnes Stores, Donnybrook Fair, Starbucks, OBriens, Mao, Base, McDonalds, Eddie Rockets etc. It is also located within a short walking distance from local convenience shops on Trees Road, The Rise and Mount Merrion e.g. SuperValu, Merrion Tree Bistro, The Rise pharmacy, Union Café, Michaels, the Food Shop etc. The property should appeal to the office rental market should it become vacant as it has excellent access to the N11 and the Quality Bus Corridor and is also within a short walking distance from several local convenience shops and Stillorgan Village. This convenient location may suit staff that are looking to work closer to home and avoid the busy commute to the central business district or IFSC. Amenities Blackrock is an established, affluent, residential suburb of Dublin and is located less than 6 km or 20 minutes drive from Dublin City Centre. The immediate area is mainly residential in nature. There are a number of amenities within close proximity to the property including the Talbot Hotel, Circle K, Stillorgan Village and Stillorgan Plaza Shopping Centres,Tesco, Lidl, Dunnes Stores and a host of cafes/bars including Riba restaurant, Union Café, Michael's, the Stillorgan Orchard. There are also a host of sports and leisure amenities close by including Flyefit Stillorgan, UCD, Kilmacud Crokes etc. Description Priory House comprises an own door end of terrace modern office suite of approximately 220 sq.m. that is split over 2 floors and has 3 car parking spaces. This self-contained office suite is located to the east of the office park and has it's entrance on the first floor of the Priory Office Park. The office has been fitted out to a reasonably high standard to provide a generous reception area, open plan waiting area and a mixture of cellular office suites with larger offices and meeting rooms at the second floor level. The office suite provides bright and spacious offices and a kitchen canteen with an internal stairs connecting the first floor and second floor. The offices are tucked away from the main road and there is less noise as the offices overlook a quiet residential Cul De Sa. The office fit out and specification includes Category 5 computer wiring, perimeter trunking wired for power and data cabling, kitchenette an, large boardroom, and ladies and gents toilets. There is also ample storage and some roof storage space in the attic space. We have been informed that the solicitors hold a short term Lease agreement with a passing rent of €54,000 p.a. The tenant has been allowed to sublet some of their smaller office suites to sub-tenant companies The tenant has also signed a Deed Of Renunciation waiving their rights to an automatic long terms Lease should the Lease extend beyond 5 years Commercial Rates approx. €7,101.20. p.a. Service Charge / Building Insurance approx. €4,000 p.a. Please note that it is the tenants responsibility to pay the commercial rates and service charge costs

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BER Details

D2

BER No: 800792236

Energy Performance Indicator: 72.07 kWh/m2/yr

Statistics

17/05/2022

Entered/Renewed

922

Property Views

Daft ID: 58659070

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