- Sale Type: For Sale by Private Treaty
- Overall Floor Area: 1173 sq. ft.
*** Own Door Office Investment For Sale (Tenant Not Affected) ***
Key Investment Considerations:
- Own door Office Investment within Plaza 256, Blanchardstown Corporate Park 2
- Extending to approx. 108.98 sq m (1,173 sq ft) GIA
- 4 designated car parking spaces
- Let to Ultrapolymers Ireland Limited (Co. Reg. 36497)
- Term - 10 years from 01/01/2020
- W.A.U.L.T. circa 8.75 years
- Secure income of €29,000 per annum
- E.R.V. on reversion approx. €33,325
- N.I.Y. 6.135% (Potential N.I.Y. of 7.05% on reversion)
- Signed Deed of Renunciation
- VAT Exempt Sale
Suite 3, Plaza 256 is located within Blanchardstown Corporate Park 2, strategically positioned at the nexus of the M50, M2 and M3. The property is an 8 minute drive from Junction 6 of the M50 Interchange and a 5 minute drive from the Junction 3 of the N3 National Primary Route.
Blanchardstown Corporate Park 2 affords occupiers easy access to excellent public transport routes which run through or stop directly outside the development. Occupiers can also avail of complementary shuttle bus services connecting to and from Dublin City Centre, The Blanchardstown Centre and Coolmine Train Station during peak working hours. Blanchardstown Corporate Park 2 has access to a host of telco companies as the T50, Dublin's hi speed fibre network, runs through the development itself.
Amenities within the park include:
Café Park - Maxol Filling Station/Food Court - Bagel Factory - O'Brien's Sandwich Bar - Chopped - Insomnia - Texaco Filling Station - Centra Convenience Store - Giraffe Childcare - Bell + Bear Café - Bank of Ireland & ATM
The subject property comprises a ground floor office suite extending to approximately 108.98 sq m (1,173 sq ft) Gross Internal Area (GIA) which benefits from fantastic natural light.
Internal specification includes:
VRF Air Conditioning, Raised Access Floors with floor boxes wired for power & data, Cat 5e Data Cabling, Recessed CAT 2 Ceiling Lights, Suspended Ceilings, Carpets, Boardroom, Marmoleum flooring to the Tea Station, Tea Station, Fully Tiled WC, Video Phone & Intercom, Access Control System and Intruder Alarm.
The internal layout of the office suite is primarily open plan in nature and is accessed off a large scale, light filled central atrium. The accommodation also includes a tea station, glazed boardroom and private WC.
The property is currently held under a 10 year I.R.I. lease by Ultrapolymers Ireland Limited (Co. Reg. 36497) from the 1st of January 2020, subject to a current passing rent of €29,000 p.a. There are no break options, and the lease expires on 31st of December 2029.
Adjoining Occupiers Include:
Bank of Ireland
Digital Realty Trust
ACRES are seeking offers in excess of €430,000 for this office investment opportunity.
Further information available at: https://www.acres.ie/project-24.html
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