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For Sale: Exceptional Investment Opportunity

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For Sale: Exceptional Investment Opportunity FOR SALE: 86 Merrion Square South, Dublin 2, D02 YE10, Ireland. EXCEPTIONAL INVESTMENT OPPORTUNITY 01-676 2711 | avisonyoung.ie DAMASTOWN CLOSE, MULHUDDART, DUBLIN 15 > An exciting property investment opportunity with guaranteed income stream. > High quality modern buildings comprising 530 sq.m. office accommodation and 290 sq.m. warehouse. > 25 year full repairing and insuring lease with a passing rent of €119,087 p.a. > 9+ years unexpired lease term with an “upward only” rent review in October 2021. > Very suited to PRSA pension investor, with high yield and Government tenant. > Company structure in place, so would appeal to a consortium of investors with limited liability protection. > Excellent Government tenant (OPW). > Long term investment protected by the unique combination of office and warehouse accommodation. > Easily accessible location in modern business park within close proximity to the N3 (Navan Road) and M50. > Upgrade works undertaken in 2019. Location > Located on Damastown Close within Damastown NORTHWEST BUSINESS PARK M50 MOTORWAY Industrial Park. > Quality modern development situated 900 m BLANCHARDSTOWN north of the N3 in Mulhuddart. CORPORATE PARK IDA BUSINESS & > Lies 5km from Junction 6 on the M50 Motorway, TYRRELSTOWN TECHNOLOGY PARK 15 km northwest of Dublin city centre, 14 km east of Dublin Airport and 29 km from the Port Tunnel. > Occupiers in the area include IBM, GEM Pack Foods, Kepak Group, Covidien, Helsinn and Dunnes. DAMASTOWN AVENUE MULHUDDART GEM PACK DAMASTOWN FOODS WAY DAMASTOWN ROAD SUBJECT DAMASTOWN PROPERTY CLOSE DAMASTOWN INDUSTRIAL PARK TO NAVAN ROAD (N3) Description > Two storey detached offices to front, modern flexible warehouse building to rear. > Both extensively refurbished & upgraded by tenant in 2019. > Site of approx. 0.2 ha. (0.49 acre) incl. 33 secure car spaces. > Secure facility with palisade fencing, wall and access control. > Modern, fully-fitted offices comprising mix of open plan & cellular space. > Flexible “Metframe” warehouse, designed to accommodate mezzanine floor. > 2 no. roller shutter loading doors. > Upgrade works from 2019 include boilers, radiators, heating controls, improved warehouse, water storage, electrics, digital communications, advanced security systems, secured Floor Plans parking, fire safety, systems, access controls, upgraded attic insulation, new floor finishes, new internal doors. Accommodation Measurement Application- Gross Internal Description Sq. m. Sq. ft. File File Warehouse Area 290 3,122 Storage Storage Void Void Parking Parking Two storey Offices 530 5,704 Total Gross External Area: 820 8,826 WC WC Boiler Boiler 15 15 WC WC 14 14 13 13 12 12 Kitchen Kitchen 11 11 10 WC 10 WC Elec 9 Elec Office9 Office 8 8 Office Office Office Office Office Office7 7 6 6 5 5 WC WC 4 4 3 3 Kitchen Kitchen 2 WC 2 WC 1 1 Comms Comms DW Stairs Stairs DW Stairs Stairs Shower Shower Store Store Store Store Store Store Hatch Hatch Hatch HatchHatchHatch Hatch Hatch Lift Lift Lift Office LiftOffice Office Office Office Office Office Office Office Office Office Entrance Office Entrance Parking Parking Ground Floor First Floor Title The property is held under Long Leasehold for 250 years from 22nd February 2002 at rent of @12.70 p.a. The Opportunity > FRI lease to Government tenant until October 2029. Method Of Sale Occupational Lease Details > @119,087 p.a. with “upwards only” rent review in 2021. > For Sale by Private Treaty. > 25 years from 18th October 2004 (9+ years remaining). > Excellent condition/quality. > Preference for Share Transfer or open to Asset Disposal. > Fully repairing and insuring lease (FRI). > Flexibility. > @119,087 p.a. – due for review 18th Oct. ‘21 (upwards only). > Established location. > Strong re-letting potential. > High underlying site value > Quality modern facility. > High profile position within established, secure and D o n Kilm ag artin h Ra Lan m e actively managed Park. t o o a r th e R oad k r a P Hollystown L3080 > Generous car parking provision to the front and rear. > Valuable income stream. L1010 r The Hub e iv acetown R > Reversionary Potential. usiness n in e bl Park e u k Hollystown n ty D i n Golf Club P h ou t C a e M y t n u iver o R C en e k F n in Pi g d a l oa Po Tyrrelstown R w e Park r st Portan ow n Ro Dunboyne d ad a o 5028 R L h c H Mayne r u Estate h C d Powe M3 a o rsto R w n R Cher n oa leva a O d r t u d r o l B d o P N L a 1 0 d v 1 a 0 B Viewing n 1 ou oa le R 8 v 2 R a 0 oa 5 r ch L B d r d P o u u h P in levard C i k r nk no ee Park View Ma e By appointment with sole agents Avison Young n e e C r v R u i n is Damastown Rise er Dr Ri i ath R147 ve v r T er Old Nav o l Facebook k ad a o R Clonee a Clonee an n Roa t Geodis Tyrrelstown 4 or Data Center P P ow erstown Roa 8 d Th R121 d 2 0 e 5 W Curragh L a rd d ED Hall a Contact L2228 o R h rc ive u r h C n D w o Avenue t amastown s D For further information or to view please contact; a Dama m stown Avenue M Da Cr ty e h D u C un at iserath l a one Co m R al Kepak d oad e ng a Byp ast Fi o olka y Andrew Doyle: [email protected] ass D T amastown o wn Mallinckrodt rch R u Walk h lka C To C l Dama o stown Roa s e M3 mastown Wa Clonee d a Fergal Burke: [email protected] D e Avondale College yn e o u b n Business n ve u A D R147 Clo To & Technology nee Bypass lk w e a vi l Park Damastown Way el Summerseat W d P ac 86 Merrion Square South, e A Roa L3025 ve nue Clonee L ad rch mhe y u Dro ath 4 swel Aven P l h ue d i R C d a n oa a o Mulhuddart ke Parnell d o R e R nue n Dublin 2, D02 YE10, Ireland. r e ve Estate o Li c e A R t a c Pheasant Ol i t a d N v u t P P ava le N3 n er TU Dublin rib p Run N Ro t a av a Blanchardstown ce an R d Dis R L3021 e o Bramblefield oad C ad as T: +353-1-676 2711 pac t n O lec e Littlepace l rrag l e R d cu h t k oa u tle V e r ad d N as al r a Ro a rr C e Lit e P Littlepace v a G a g Beechfield ac e n h y lep u r Litt Hunter's n Hu Road u e n v ts b A Run aven t ens rh own d E: [email protected] zel e a Castaheany e ar e H D G P W h k o Ris Riversdale i ar o n b P d d b w y W Community a le Hansfield to e y s Road s lbur a Ashfield t Clonsilla College rt t e s W n e Ro o o e r t u avisonyoung.ie n w az Warrenstown o H k h w H 3 Castle Curragh ad N Clon t n r ld a o e Ro u a ie ven t i v H Saddlers n b R P sf s Huntstown Dr u L2223 o y an t n Park uf R149 tri a H n tst d d u o Estate Cor is lbur B wn lan H Hu L2222 Stirli D c nt W Blanchardstow ng R ce aze har stown Court ay B o a H ds la T k ad o r ep t e n f Pa PSRA Licence No. 001234 l o tt Aven wn ED u chardst uf Li ey ue Hu venue n lk rd n ntstown A e o d Castlegrange W a C h ee Av h h i te o Ca ood wn s eat a L7070 t wn Bypa ckcourt Roa L Rus w la stlew r L own Ave B a a n Holsteiner M d u e y v t o ri o e c o o nue d B a h w Park e M r nty f a W s n Dri e y o a s u a e r dow n sce s Av Bri d DISCLAIMER: Subject to Contract. Contract denied. Without prejudice. W e n d K r d t av Co C l a w 's G e Co n h r e ree o y M o i l h p R t i T rfi se L3020 e e b s ad ok L H o n u e ue ansfi n o o n w w n Blackwood n a Me O s Dr o ke i e M l Br s a a ve d The foregoing particulars are for guidance purposes only and are not e v i st d ve M ld Roa d o e A E w Bl N Edge l a d a A d n a a gew e o W a o n van o r tre a od Lawn g S et h d R y o Hartstown Blak w Main w n T o e L7 i rive n W to R o n R u s o d F D w Ravenswood Park h e intended to form part of any contract.
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