1101 - 1103 Euro Business Park,
Property Overview
- Features
- Location
- Title
- Solicitor
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
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.
- 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.
The property is centrally situated in Euro Business Park, an established mixed business park development adjoining the Cork/Waterford N25 Road at the entrance to Little Island and approx. 8km east of Cork city centre. It is located approx. 3km east of the Dunkettle Interchange which connects with the Dublin M8 and via the Jack Lynch Tunnel with the South Ring Road network. Euro Business Park is within easy commuting distance of Cork city over a well developed road infrastructure and there is a regular commuter train service to the nearby Little Island train station. Nearby occupiers in Euro Business Park include Jones Engineering, An Post, BAM, John Paul Construction, Chris Mee Group and NCT Centre.
Cork city is the second largest city in the Republic of Ireland with a population in the city of approx. 220,000. Cork is home to global market leaders in pharmaceuticals, healthcare, information and communications technology, biotechnology, professional and international financial services.
The property is centrally situated in Euro Business Park, an established mixed business park development adjoining the Cork/Waterford N25 Road at the entrance to Little Island and approx. 8km east of Cork city centre. It is located approx. 3km east of the Dunkettle Interchange which connects with the
The property is centrally situated in Euro Business Park, an established mixed business park development adjoining the Cork/Waterford N25 Road at the entrance to Little Island and approx. 8km east of Cork city centre. It is located approx. 3km east of the Dunkettle Interchange which connects with the Dublin M8 and via the Jack Lynch Tunnel with the South Ring Road network. Euro Business Park is within easy commuting distance of Cork city over a well developed road infrastructure and there is a regular commuter train service to the nearby Little Island train station. Nearby occupiers in Euro Business Park include Jones Engineering, An Post, BAM, John Paul Construction, Chris Mee Group and NCT Centre.
Cork city is the second largest city in the Republic of Ireland with a population in the city of approx. 220,000. Cork is home to global market leaders in pharmaceuticals, healthcare, information and communications technology, biotechnology, professional and international financial services.
Long leasehold
Kelly & Co., 34 Ashe Street, Tralee, Co Kerry
Accommodation
Tenancy Schedule
| Unit No | Tenant | Floor | Description | Approx. Sq Ft | Lease Term | Commencement Date | Rent Review | Break Option | BO Penalty | Rent Free | Lease Expiry Date | Rent |
| 1102 | Interactive Interior Office Furniture Ltd | Ground | Office | 1,786 | 5 years | 01/06/2021 | N/A | Year 3 | 3 months | 1 mth in Yr 4 | 31/05/2026 | €28,576 |
| 1102 | Traco Power Solutions Ltd | First | Office | 2,368 | 5 years | 20/05/2021 | N/A | Year 3 | 3 months | 1 mth in Yr 4 | 19/05/2026 | €37,888 |
| 1102 | H & MV Engineering Ltd | Second | Office | 2,368 | 5 years | 17/05/2021 | N/A | Year 3 | 3 months | 1 mth in Yr 4 | 16/05/2026 | €37,888 |
| 1101 | Eolas International | Grd,1st,2nd | Office | 6,394 | ||||||||
| Ground | Warehouse | 2800 | 10 years | New lease to commence on the closing date of the sale | Year 5 | Year 5 | N/A | N/A | TBC | €96,000 | ||
| 1103 | Chubb Ireland Ltd | Grd, 1st | Office | 4,348 | 10 years | 27/04/2018 | Year 5 | Year 5 | N/A | N/A | 26/04/2028 | €58,056* |
| Warehouse | 2,423 | |||||||||||
| 1103 | CompuCal Calibration Solutions Ltd | Second | Office | 2,174 | 4 yrs 11mths | 01/08/2018 | N/A | N/A | N/A | N/A | 30/06/2023 | €28,119 |
| Total | 24,661 | €228,471 | ||||||||||
| *Increase to €60,131pa in year 5 |
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