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Unit 249, Block A, Blanchardstown Corporate Park 2, Ballycoolin, Dublin 15
This conveniently located property is only a 15 and 25 minute drive respectively from Dublin Airport and the City Centre and is located alongside the N3 and nearby is the M50 orbital motorway making it very well connected. In addition, three regular bus routes serve Blanchardstown Corporate Park and numerous other bus routes serve the nearby Blanchardstown Centre. The neighbouring occupiers include SAS International, Top Land and Iceland.
The property comprises of an end of terrace modern industrial/office unit. The spec is good with high-output lighting and a 3-phase power supply and a clear internal height of 6.3m. The property features reinforced concrete floors and loading access is provided from the rear via a full height automated grade door. This property also features 7 car parking spaces at the front of the unit.
The property is leased to Intersurgical Ireland Limited by virtue of 10 year internal repairing and insuring (IRI) lease from 17th August 2015 at a passing rent of €28,000 per annum exclusive. There is a tenant’s option to determine the lease in the seventh year of the term subject to 12 months written notice. The lease provides for market value rent reviews on the 5th anniversary.
We are instructed to seek offers in the region of €350,000 plus VAT. A purchase at this level equates to a net initial Yield of 7.63% after standard purchasers’ costs.
Further information or to arrange a viewing, contact O’Neill & Co on 045 856 604
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