Warren House, Main Street, Blanchardstown, Dublin 15

Prime Investment Property

For Sale

• Easily Managed Investment Opportunity

• Fully Let to the Health Service Executive (HSE)

• Producing €58,000 Per Annum Exclusive

• Excellent Main Street Location

• Tenants Not Affected

86-88 Leeson Street Lower, Dublin 2. Tel: 01 673 1400 Nigel Kingston Joe O‘Donoghue Lambert Smith Hampton Lambert Smith Hampton Email Address: [email protected] Email Address: [email protected] 01 673 1400 www.lsh.ie Warren House, Main Street, Blanchardstown, Dublin 15

Location Covenant The property is situated on the Main Street close to its intersection with The Health Service Executive is responsible for the provision of health Church Avenue and c 10 km North West of Dublin City Centre. The and personal social services for everyone living in Ireland, with public property is close to the M3 / Navan Road provides immediate access funds. They have over 67,000 employees and an annual budget in to the M50 which in turn provides access to all main regional routes excess of €16 billion. accessing Dublin. The village is well serviced by public transport and there are numerous Accommodation bus routes 37, 38, 39, linking Blanchardstown to the city centre and GIA Sq.m Sq.ft adjoining suburbs. The train station at Castleknock is less than a ten Ground Floor 174.85 1,882 minute walk. Blanchardstown has a population in the region of 120,000 persons and First Floor 74.42 800 due to its accessibility is now home to the National Sports Campus / Total 249.27 2,682 Aquatic Centre which provides international standard training and playing facilities to a variety of sporting bodies including the FAI, IRFU, Outside GAA and Hockey Ireland. Yard with rear access and 10 car spaces. The nearby Phoenix Park is the largest urban park in Europe and contains a number of stately homes, including the official residency of the President Intending occupiers are advised to verify all floor areas and undertake their own due diligence. of Ireland, Áras an Uachtaráin, and the residency of the US Ambassador. Title Phoenix Park is open to the public all year round. Contained within the We are advised that the property is freehold subject to the following grounds are a number of sports fields and there are also a number of tenancy: The entire building is let to the Health Service Executive on cycle and walking routes through the park. The park also houses Dublin a 17 year lease from 15th November 2014, and is subject to a recently Zoo, reputed to be the fourth oldest zoo in the world. reviewed rental of €58,000 per annum exclusive. Blanchardstown Corporate Park and Ballycoolin Estate are also close by and has proven to be a popular office and logistics location which The lease provides rent reviews to open market at 4 year intervals and has attracted a number of high profile tenants including eBay, Amazon, the tenant has an option to break from the lease at the end of Year 12 Allied Irish Bank, Health Service Executive (HSE), IBM and BMS. (2026) subject to six month notice. In addition, The Blanchardstown Shopping Centre with over 180 retail BER units is the largest destination shopping centre Ireland and is a significant employer in the area. Blanchardstown Main Street has maintained its village atmosphere BER no: 800699001 offering a variety of retail outlets, boutiques, restaurants and professional Energy Performance Indicator: 307.61 kWh/m²/yr 1.2 services. Supervalu is located a short walk away and other occupants in the immediate vicinity include, Smiles Dental, Smiths Pharmacy, Ulster VAT Bank, and Seamus Maguire Solicitors to name but a few. We are advised that VAT will not be applicable in the sale of this property. Description The property comprises an extended end of terrace office building Price which is laid out over two levels and provides a number of cellular We are seeking offers in excess of €775,000 which represents a net offices, meetings rooms, a Dining room and canteen. It is of traditional initial yield (NIY) of 6.90%. brick and masonry construction with a pitched slated roof. The windows are a mixture of Double Glazed Aluminium and uPVC. Viewing Strictly and only by prior appointment through the sole selling agents. There is a small garden to the front of the property with pedestrian access onto the Main Street. In addition there is rear access from a laneway off Mary Brennan Park which provides 10 designated car spaces. The HSE operate a local community based mental health service from this property.

© Lambert Smith Hampton (LSH) (and their Joint Agents where applicable) for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of LSH or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) LSH cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of LSH has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) LSH will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars. PSRA Licence Number: 001451