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€50,000,000

Swords Business Campus, Balheary Rd, Balheary Demesne, Swords, Swords, Co. Dublin

296752 sq. ft.

Investment Property

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 296752 sq. ft.
Subject to Contract / Contract Denied / Without Prejudice INVESTMENT HIGHLIGHTS - Suburban office and healthcare campus extending to approximately 27,569 sq.m (296,751 sq.ft) IPMS 2 - 7.75 hectares (19 acres) with 804 car parking spaces - High profile employment hub within minutes of the M1 / M50 interchange and Dublin Airport - Current tenants include HSE, OPW - CSO, Sims (Rotunda IVF), Doosan Bobcat, Kora Health and RocDoc Health - State & Health sector income accounting for 63% of rental income - Development site opportunity with feasibility study to provide 372 apartments - Located within the ME zoning under Fingal Development Plan 2017 - 2023 - to facilitate opportunities for high density mixed use employment generating activity and commercial development, and support the provision of an appropriate quantum of residential development within the Metro Economic Corridor - Excellent opportunity to undertake asset management currently approx. 30% vacant - Passing rent approx. €3.2 million per annum with an ERV of approx. €4.6 million - WAULT of 7.7 years to expiry and 4.6 years to lease break as of 1st September 2022 - Freehold Title - Guide Price €50 million, representing a NIY of 5.81% with a future RY of 8.3% assuming standard acquisition costs of 9.96% - Guide price equating to an attractive capital value of €168 per sq.ft BER B2-E1

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BER Details

C2

BER No: 800138596

Statistics

15/11/2022

Entered/Renewed

1,710

Property Views

Daft ID: 513454955

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Russell Cleere

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