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Willow Road Dublin 12, D12 Dk12

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Willow Road Dublin 12, D12 Dk12 FOR SALE BY PRIVATE TREATY Tenant not affected WESTLAND HOUSE WILLOW ROAD DUBLIN 12, D12 DK12 C3 INVESTMENT HIGHLIGHTS WESTLAND HOUSE IS A THREE STOREY, THIRD GENERATION OFFICE BLOCK. 7.5km Strategically located HQ office Dublin City Centre is 7.5km east and Total Passing Rent €350,000 building benefits from excellent connectivity per annum 10 Excellent frontage onto the Train, Luas and Dublin Bus stops Fully let to Actavo Group Limited on New Nangor Road within minutes walk a 10 year lease from October 2020 2,168* Close proximity to the Naas Road Approx. 2,168sq.m (23,336sq.ft) 7.4 years to break option* and 9.4 and M50/N7 Junction with 58 car spaces years to lease expiry *Areas are not warranted. Intending purchasers should satisfy themselves as *As of May 2021. to floor areas. APPROXIMATE TRAVEL TIMES 18 MINUTES WALK TO 20 MINUTES TO 25 MINUTES DRIVE 5 MINUTES DRIVE KYLEMORE LUAS STOP DUBLIN CITY CENTRE TO DUBLIN AIRPORT M50 TO M50 MOTORWAY N2 M1 N3 Belfast Westland Park is strategically located on the south side of Knock Nangor Road, approximately 7km south west of Dublin City M50 N4 M1 LOCATION Centre. Access to the Park is directly from Willow Road which M3 DUBLIN Galway M4 M2 is located just off the new Nangor Road. The Park provides CITY M6 M50 Dublin M18 easy access to the N7 Naas Road, M50 Motorway and Dublin M7 Shannon International Airport. Public Transportation links are also very M11 M9 M20 Limerick good, with both Cherry Orchard Train Station and the Kylemore N11 N7 M8 Luas Stop both within walking distance of the property, in addition there are numerous bus routes in the area. The Cork N81 immediate area is commercial in nature with several notable M50 corporate occupiers within the vicinity including Bio Pharma Engineering, Diageo, Toyota Ireland, and Electrolux Group. Westland Business Park Cherry Orchard Train Station Kylemore Luas Stop Luas Green Line ISUZU LUAS STOP RED LINE M50 RED COW MORAN HOTEL NAAS ROAD WESTERN INDUSTRIAL ESTATE RED COW INTERCHANGE McDONALDS NAAS ROAD HARRIS CIRCLE K WILLOW ROAD TOYOTA IRELAND HQ NEW NANGOR ROAD Westland House comprises a three storey, third generation office block, extending to approximately 2,168 sq. m (23,336sq.ft.) GIA. DESCRIPTION The office accommodation is laid out to provide a mix of open plan and cellular offices. The property has recently undergone significant capital improvements and the internal specification includes suspended ceilings, recessed lighting, new air conditioning system, raised access floors, and a kitchen. Westland House is currently occupied by Actavo Group Limited producing a current rent of €350,000 per annum. TENANCY SCHEDULE Unit Tenant Analysis Sq. Ft GIA Lease Start Lease Expiry Break Date Car parking Rent Review Rent per Approx demised annum Block F Actavo Group Limited €13.38 psf 23,336 01.10.2020* 30.09.2030 30.09.2028 58 01.10.2025 €350,000 €650 per car space No measured survey has been carried out and the above measurements are indicative only. Any intended purchaser will need to satisfy themselves as to the exact area of the subject property. *The Tenant has been in occupation since 06.05.2014. TENANCY Westland House is let to Actavo Group Limited (previously known as Siteserv Holdings Limited) under a 10-year lease from October 1, 2020, subject to a current passing rent of Actavo Group Limited operate as an engineering solution company. They specialise in a number €350,000 per annum. The lease includes 58 car parking spaces and the lease expires of sectors including telecommunications, power, on the September 30, 2030. This lease is subject an open market rent review in water, wind, education and healthcare. October 2025 and the tenant has a break option clause effective 30 September 2028. PLANNING The subject property is zoned Objective EE under the South Dublin County Council Development Plan 2016-2022 – “to provide for enterprise and employment related uses.” TITLE Land Registry Leasehold Title. PROPOSAL Guide Price €4,500,000 equating to a net initial yield of 7% (assumes standard acquisition costs 9.96%) and underlying capital value of €192 psf. BER C3 CONTACT RYAN TYRRELL T: + 353 87 692 3923 E: [email protected] 4-5 Dawson Street, Dublin 2, D02 FH72 T: + 353 1 676 6566 PATRICIA WARD www.twmproperty.ie T: + 353 86 243 7912 PSRA No: 001835 E: [email protected] TWM for themselves and for the vendor/lessor of the property whose agents they are, give notice that: 1. These particulars do not constitute an offer or contract or any part thereof and none of the statements contained in the particulars as to the property are to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor is the Agent(s) or its staff authorised to make or give any representation or warranty in respect to this property. 3. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale, the latter shall prevail. 5. VAT may be payable on the purchase price..
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