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Unit 4A & 4B Dundrum Business Park Dundrum Road, D14 NX47, Dundrum, Dublin 14

€1,250,000
Investment Property For Sale | 3,937 sq. feet (366 sq. metres)
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Overview

Property Description:

The property comprises two self-contained first floor office suites situated in a modern development a short distance from Dundrum Town Centre. The units are finished to a high standard providing for raised access flooring, wall mounted and VRV air conditioning and ample floor boxes.

Both units benefit from an excellent car parking ratio of I space per 328 sqft on average.


Features
-Two high profile self-contained office suites
-5 minute walk to Windy Arbour Luas station
-Entire extends to 365.79 sq.m (3,937 sq.ft) plus 12 designated car parking spaces
-Generating a rental income of €65,250 per annum but increasing to €114,614 in July 2020.
-New 10 year lease agreed with Broadridge Ireland Limited (FundAssist) from July 2020
-Net initial yield of 4.75% & reversionary yield of 8.34%
-Tenant not affected by sale


Location
Dundrum Business Park is well located close to the intersection with the Dundrum Road and Bird Avenue. The park is situated approximately 5km south of Dublin city centre and is approximately 15 minutes from St Stephens Green by LUAS. The immediate area is predominantly commercial and residential in character.      

There is excellent transport infrastructure and public transport links within close proximity to the property, such as Windy Arbour LUAS stop which is situated within 5-minute walk of the property. Dublin Bus also operates a regular bus service towards the city centre and the south suburbs.

Tenancy
Broadridge Ireland Limited occupy both unit 4A & 4B for a term of 5 years from 24th July 2015 and 5 years from 1st August 2015 at a passing rent of €30,250 pa and €25,000 pa respectively.

Broadridge Ireland Limited (previously t/a FundAssist Limited) has signed a new 10 year lease from 24 July 2020 at a combined passing rent of €104,614 per annum. The tenant has a break option effective 1st April 2027 subject to 12 months notice and 3 months rent penalty.

An additional €10,000 per annum is coming from a Meteor mast located on the roof of the subject property with 7 years secured income.

This brings the overall passing rent to €65,250 per annum increasing to €114,614 per annum in July 2020.
PDF Brochure 

PDF Brochures:

 Floorplan

Daft Property Shortcode:

https://www.daft.ie/5840760

Date Entered/Renewed:

1/11/2019 (38 days ago)

Property Views:

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Map Legend:

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Address:

Unit 4A & 4B Dundrum Business Park Dundrum Road, D14 NX47

Distance to City Centre:

5 km (3.1 miles), 45 minute walk

Public transport routes that service Dundrum:

  • Tram: Luas (Sandyford Line)
  • Bus: 17, 44, 44B, 44C, 48A, 75, 116, 117
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Thomas Byrne

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Unit 4A & 4B Dundrum Business Park Dundrum Road, D14 NX47, Dundrum, Co. Dublin