9c beckett WAY PARK WEST BUSINESS PARK, DUBLIN 12. For Sale by Private Treaty

Transcription

1 9c beckett WAY PARK WEST BUSINESS PARK, DUBLIN 12 For Sale by Private Treaty

2 Summary Superb opportunity to acquire an office investment within a well-established office park The building extends to approx. 1,728 sq m (18,599 sq ft) IPMS 2 24 car parking spaces designated to Block 9C Currently 100% occupied generating a rental income of 179,193pa from Faztech and CR2 Ltd Tenants not affected Offers sought in excess of 1,350,000 equating to a Net Initial Yield of 12.7% assuming standard purchasers costs of 4.46%

3 LOCATION Block 9C is situated within Park West Business Park, a long-established office location approximately 8km south west of Dublin City Centre and 4 km from Dublin s Heuston Station. Park West Business Park is located off Nangor Road close to the intersection of Naas Road and M50 providing access to all ancillary routes to and from Dublin City Centre. Dublin International Airport is twenty minutes away. The surrounding area benefits from excellent public transport links. There is an onsite train station which is fed by the Arrow network and links in with the Kildare to Heuston Line. Dublin Bus serves the business park via Quality Bus Corridors (QBC) providing access to the city centre. Park West benefits from an excellent array of facilities and on-site amenities including Spar Convenience Store, Park West Pharmacy, Energie Fitness Club, Giraffe Child Care and Aspect Hotel.

4 John Player Bantec Atradius Credit Insurance N.V Island ISLAND Networks NETWORKS Openet Telecom Openet Telecom SUNGARD AS Sungard AS Tenant Name Floor Lease Start Term (years) Expiry Date Break Option Current Date Rent pa FAZ Technology Ltd Ground & First Floor 01-Jul years 30-Jun Jun ,462 CR2 Limited Second Floor 28-Sep years 27-Sep Jun-19 59,731 TOTAL 179,193

5 Globoforce Travelodge Allianz Worldwide Care Progress Systems Petrogas Group I.T. Alliance Alexion Pharma Allianz Worldwide Care IFDS Percana Group Foróige Allianz Worldwide Care Avnet Technology Solutions 9C Beckett Way Allianz Worldwide Care Sixt Fleet Management Ireland ADT Fire & Security

6 DESCRIPTION 9C Park West is situated on Beckett Way within Park West Business Park. It is located in the centre of a terrace of 4 office buildings, all of which are 3 storey. The purpose built office building extends to approx. 1,728 sq m (18,599 sq ft). There are 24 car spaces provided with the property. The property is of a concrete structural frame of double-glazed curtail wall and terracotta tiles rain screen cladding to the exterior elevations and a suspended concrete floor. Roof covering is of a single-ply upvc Trocal roof covering. SPECIFICATION Lift to all office floors Male and female toilets per floor Raised access floor Suspended ceilings with recessed light fittings Carpet tiles to office areas and tiled main entrance reception Heating & cooling via fan coil units located with the ceiling Accommodation SCHEDULE McGovern O Brien Surveyors were instructed to undertake an IPMS 2&3 (Gross Internal) and (Net Internal) Survey of the office units located at Unit 9C Parkwest Business Park, Dublin 12. This check measurement survey and subsequent IPMS 2&3 calculation is carried out in accordance with the 1st edition of the International Measurement Standards for Office Buildings. GROSS INTERNAL AREA: FLOOR SQ. M. SQ. FT. Level G 602 6,479 Level ,060 Level ,060 TOTAL 1,728 18,599 Level 3 (roof) 111 1,194 * Purchasers are advised to verify the floor areas and undertake their own due diligence in this regard NET INTERNAL AREA: FLOOR SQ. M. SQ. FT. Level G 484 5,209.7 Level ,160.2 Level ,160.2 TOTAL 1, ,530.1 * Purchasers are advised to verify the floor areas and undertake their own due diligence in this regard

7 Tenancy FAZ Technology Limited FAZ Technology is the Fugro Global Centre of Excellence for optical R&D, with primary offices in Dublin, Ireland and The Hague, Netherlands and sales offices in Athens, Greece and Houston, Texas. They specialize in optical based sensing solutions for structural health monitoring applications in marine and civil infrastructure (roads, marine transport, trains, bridge monitoring), oil and gas exploration, medical and space applications. Their team has developed a new monitoring and diagnostic platform for the control and management of complex industrial assets which has been verified and certified by many of the world s leading companies from industries such as Oil & Gas, Marine, Transportation and Structural Health Monitoring. CR2 Limited CR2 provide innovative omnichannel banking. Their suite of integrated self-service solutions called BankWorld provide a complete view of each customer s entire banking relationship. BankWorld comprises of an omnichannel integrated platform that manages and personalises all self-service channels: ATM, Kiosk, Internet Banking, Mobile Banking, POS, and Cards. CR2 support banks in over 60 countries across 4 continents while Dublin is home to their global headquarters.

8 On the instruction of Ken Tyrrell Receiver, PwC 9C beckett WAY, PARK WEST BUSINESS PARK, DUBLIN 12 VIEWINGS: Strictly by appointment with sole selling agent Cushman & Wakefield. TITLE Freehold BER RATING C3 D2 BER no s available on request. Energy Performance Indicators available on request Full Building Energy Rating certificates available on request. Guide Price Offers sought in excess of 1,350,000 equating to a Net Initial Yield of 12.7% assuming standard purchasers costs of 4.46%. VAT Further information upon request. Zoning The subject properties are in an area zoned Objective Z14 (Strategic Development and Regeneration Areas) To seek the social, economic and physical development and/or rejuvenation of an area with mixed use, of which residential and Z6 would be the predominant uses. under the DCC Development Plan SELLING AGENT CONTACT DETAILS: Cushman & Wakefield, 164 Shelbourne Road, Ballsbridge, Dublin 4, Ireland. T: +353 (0) Web: Patricia Ward E: patricia.ward@cushwake.ie T: +353 (0) PSRA No Derry O Neill E: derry.oneill@cushwake.ie T: +353 (0) PSRA No SOLICITORS DETAILS: Hayes solicitors, Lavery House, Earlsfort Terrace, Dublin 2. James Kelly E: jkelly@hayes-solicitors.ie T: +353 (0) Conditions to be noted: 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 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. The terms, Vendor and Purchaser, where the context requires shall be deemed to refer to Lessor and Lessee and Landlord and Tenant respectively. 6. Prices are quoted exclusive of VAT (unless otherwise stated) and the purchaser/lessee shall be liable for any VAT arising on the transaction. 7. The Vendor reserves the right not to accept the highest or any offer made.