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BUILDING 5 +353 (0) 1 618 1401 [email protected] PARKMORE BUSINESS PARK WEST

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BUILDING 5 +353 (0) 1 618 1401 Dessie.Kilkenny@Savills.Ie PARKMORE BUSINESS PARK WEST Parkmore Business Park West INVESTMENTS Dessie Kilkenny BUILDING 5 +353 (0) 1 618 1401 [email protected] PARKMORE BUSINESS PARK WEST Paul Callanan +353 (0) 1 618 1418 GALWAY [email protected] Barry Lawless +353 (0) 1 618 1304 [email protected] SOLICITORS Hogan Dowling McNamara, Castletroy House, Dublin Road, Limerick, Ireland. Fergal McNamara +353 61 501100 [email protected] INDUSTRIAL INVESTMENT FOR SALE BY PRIVATE TREATY DESCRIPTION Building 5 comprises a modern detached warehouse facility The building incorporates four roller shutter doors. The with two-storey office accommodation which extends to warehouse has an eaves height of approximately 7.2 metres. approximately 53,884 sq. ft.. The property is situated on a There are 61 marked car parking spaces situated to the front site extending to approximately 1.05 hectares (2.60 acres). and eastern side of the building with an extensive loading The building is of steel-frame construction with part insulated area to the west of the building. The office accommodation panel and concrete block infill walls under a metal deck roof is well fitted out with part carpeted and laminated floors, incorporating perspex roof light panels. suspended tiled ceilings with recessed fluorescent lighting, plastered and painted walls and oil fired central heating. THE OPPORTUNITY TENANCY ● High yielding industrial investment opportunity ● WAULT of circa 2.3 years ● Modern industrial building extending to approximately 5,006 ● Generous site of 1.05 hectares/2.60 acres The entire building is fully let to Medtronic Vascular Holdings under two separate lease agreements. sq. m. (53,884 sq. ft.) ● Ample car parking provision ● Excellent profile within a successful IDA Park Lease Approx. Floor Area ● Highly accessible location with direct road network link to Tenant Lease Start Break Option Rent Review Repairing Rent P.A. ● Passing rent of €413,551.12 per annum Dublin via the M6 motorway Term GEA (Sq. Ft.) Medtronic Vascular 20 years 05/09/2003 05/09/2018 Upwards Only FRI 26,974 €208,590.00 ● Fully let to Medtronic Vascular Holdings under two ● For the avoidance of doubt this is a property investment Holdings separate lease agreements sale, therefore the tenant is not affected Medtronic Vascular 20 years 19/12/2005 05/09/2018 Upwards Only FRI 26,910 €204,961.12 Holdings € Total 53,884 413,551.12 All intending purchasers are specifically advised to verify any tenancy information, site areas and measurements referred to herein and undertake their own due diligence. LOCATION Parkmore Business Park West is approximately 7 km north east of This business park has the benefit of direct access onto the N6/M6, Galway City. It is one of the premier industrial and logistics locations N17 and N18 road network which provide access to Dublin, Sligo, in Galway due to the high specification buildings and accessibility. Limerick and Cork. Occupiers within the park include SAP, Fidelity Investments, Celestica, Merit Medical and EA Sports. Parkmore Business N17 Park West d a N84 o Parkmore Rd R m a u T Galway Race Courese Terryland Forest Park d Ballybrit R Ind. est. d abh r Tre fo a d d r N a tha e Lisoban Bo H Ind. est. N6/M6 Mervue Ballybane N6 Doughiska Wellpark Merlin Woods Lough Atalia Renmore Roscam Galway City Centre Murrough For illustrative purposes only. CONTACTS AND FURTHER INFORMATION INVESTMENTS Dessie Kilkenny Tenure Long Leasehold. +353 (0) 1 618 1401 [email protected] Viewings Paul Callanan Viewings are strictly to be arranged +353 (0) 1 618 1418 through the sole selling agent. [email protected] Pricing Barry Lawless On application. +353 (0) 1 618 1304 [email protected] BER Rating SOLICITORS BER No 800478604 Hogan Dowling McNamara, Castletroy House, Dublin Road, CONTACT Limerick, Ireland. Selling Agents Fergal McNamara +353 61 501100 [email protected] Savills Ireland 33 Molesworth Street Dublin 2 Ireland Savills Ireland and the Vendors/Lessors give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particu- lars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure, intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact, but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property, and neither Savills Ireland nor any of its employees nor the vendors or lessors shall be liable for any loss suffered by an intending purchaser/Lessees or any third party arising from the particulars or information contained in this brochure. Prices quot- ed are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through them. All maps produced by permission of the Ordnance Survey Ireland Licence..
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