Coldwell Banker Commercial and Quantum Property Consultants and bring to the market an investment opportunity in the well-established Rosemount Business Park, Ballycoolin, Dublin 15.
The subject property is a three storey mid- terrace industrial/ office / showroom unit of concrete frame construction incorporating concrete block infill walls to full height with profile metal cladding to the front elevation.
The building comprises of 162 Mtr. Sq. office space and 167 Mtr. Sq. warehouse space. Total area 329 Mtr. Sq. / 3,540 Sq. Ft. Vehicular access is via an electrically operated roller shutter door located to the front of the premises.
Two storey office accommodation is provided to the front and includes cellular offices plus large open plan offices / showrooms / training areas. All the office accommodation is very well appointed with suspended ceilings and recessed-boxed lighting throughout. There is allocated parking to the front of the subject property.
The premises are occupied by Patton Interiors who hold a 20 Year FRI lease with a passing rent of 24,000. The lease commenced in October 2006 and has 14 years remaining.
The investment equates to a 6.3% Net Initial Yield after standard purchase costs of 8.46%.
- Strong Investment Opportunity
- Established Covenant in Patton Interiors
- Strategic Location, close to all major transport links, including the M50, M2 & N3 and M1 routes
- Located in landscaped and well managed Business Park
Rosemount Business Park is located approx. 15km from Dublin City Centre and is within easy access of the M50/N2 (J5) and the M50/N3 (J6) Motorway junctions. The M50 provides rapid motorway access to all of the main arterial routes leading to Dublin, to Dublin Airport and the Dublin Port Tunnel. Occupiers in the locality include Keelings, JAVA Republic, Symantec and Masterlink Logistics.
The Management Fees for 2017 are approximately 800.00
The 2017 Rates for the Property are approximately 6,500.00
Asking Price: 350,000
To view contact Coldwell Banker Commercial on 01 455 4752