Overview

Superb office investment opportunity situated in one of Cork’s most prestigious office locations

The property comprises a modern two storey purpose built office building which was constructed in 1999. The property was completely renovated to a high standard in 2015. Internally the property consists of secure access controlled reception area, open plan offices, private offices, meeting rooms, training rooms, board room, staff restaurant, tea/coffee stations, comms rooms, shower and changing facilities. Finishes include, suspended ceilings, air- conditioning, quality carpet floor finishes and passenger lift. BER Number: 800622755. Energy Performance Indicator 452.91 kWh/m²/yr.
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Location Description

The property is located in Cork Airport BusinessPark, one of Cork’s most successful suburban office locations. The Park has unrivalled proximity to Cork International Airport and there is excellent access to Cork City centre which is located approximately 6km to the north.

Sizes and Measurements

Total Size

3,805sqm

Lease Information & Charges

For sale

Price On Application

Usage Type

Investment

Specification/Key Benefits

  • Situated in Cork Airport Business Park, one of Cork’s most successful suburban office locations
  • High quality office building extending to approximately 3,804.8 sqm (40,953 sq ft) GIA with 162 surface car parking spaces
  • Entire let to an excellent tenant covenant Clearstream Global Securities Limited
  • Full parent company guarantee
  • 25 year FRI lease from 1 April 1999 (over 5 years unexpired)
  • Current passing rent of €637,500 per annum
  • Upward only rent reviews, next review due 1 April 2019
  • Reversionary potential

Photos

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