RS-WS1
For Sale

1101 - 1103 Euro Business Park,

Little Island, Co. Cork, T45 YK45
24,661 SQ.FT
Guide price
€3,500,000
Investment Property

Property Overview

The property comprises a detached three storey office building (Unit 1102) together with an office and warehouse building (Units 1101 and 1103) on a site of 0.51 hectares (1.26 acres).  The buildings were constructed in 2007/2008 to a high specification.  The main office areas are finished with raised access floors, air conditioning, extensive floor to ceiling glazing and there is lift access to all floors. The two warehouse areas have generous eaves height of approx. 8m and loading access is provided by means of sectional loading doors.

The office block, Unit 1102, has three tenants one on each floor.  Each floor is laid out with an open plan office area, private offices, kitchen and ladies and gents toilets.

Eolas International occupy the entire of Unit 1101 which comprises a three storey office block with adjoining warehouse.  The office block is laid out with open plan offices, private offices, meeting rooms and lab and there are ladies and gents toilets on each level.  Chubb Ireland Ltd occupy the majority of Unit 1103 which comprises a three storey office block with adjoining warehouse.  The office accommodation is mainly open plan with some private offices or meeting rooms.

There are 89 on site surface car spaces.

The property comprises a detached three storey office building (Unit 1102) together with an office and warehouse building (Units 1101 and 1103) on a site of 0.51 hectares (1.26 acres).  The buildings were constructed in 2007/2008 to a high specification.  The main office areas are finished with raised

  • Office and investment opportunity. (Tenants not affected)
  • High profile location in Euro Business Park, Little Island, just off the N25 and approx. 8km east of Cork city centre.
  • Detached three storey office building (Unit 1102) together with an office and warehouse building (Units 1101 and 1103).
  • High specification buildings, offices have raised access floors, air conditioning, extensive floor to ceiling glazing and lift access to all floors.
  • Site of approx. 0.51 hectares (1.26 acres) with 89 surface car spaces.
  • 100% occupancy
  • Tenants include Eolas International, Chubb Ireland Ltd, Interactive Office Interiors, Traco Power Solutions, H & MV Engineering and CompuCal Calibration Solutions.
  • Current total rental income of €286,527 per annum.

Accommodation

BER No. 800616963 06
Energy Performance Indicator: 315.14

Tenancy Schedule

Unit NoTenantFloorDescriptionApprox. Sq FtLease TermCommencement DateRent ReviewBreak OptionBO PenaltyRent FreeLease Expiry DateRent
1102Interactive Interior Office Furniture Ltd GroundOffice1,7865 years01/06/2021N/AYear 33 months1 mth in Yr 431/05/2026 €28,576
1102Traco Power Solutions Ltd FirstOffice2,3685 years20/05/2021 N/AYear 33 months1 mth in Yr 419/05/2026 €37,888
1102H & MV Engineering Ltd SecondOffice2,3685 years17/05/2021 N/AYear 33 months1 mth in Yr 416/05/2026 €37,888
1101Eolas International Grd,1st,2nd Office6,394
GroundWarehouse280010 yearsNew lease to commence on the closing date of the sale Year 5Year 5N/AN/ATBC€96,000
1103Chubb Ireland Ltd Grd, 1st Office4,34810 years27/04/2018 Year 5Year 5N/AN/A26/04/2028 €58,056*
Warehouse2,423
1103CompuCal Calibration Solutions Ltd SecondOffice2,1744 yrs 11mths 01/08/2018 N/AN/AN/AN/A30/06/2023 €28,119
Total24,661 €228,471
*Increase to €60,131pa in year 5

Meet our Experts

Loading...
RS-WS1