RS-WS1
For Sale

2nd and 3rd Floor Paramount Court, Corrig Road,

Sandyford, Dublin 18, D18 R9C7
Guide price
€7,000,000
Investment Property

Property Overview

The property comprises the second and third floor within the Paramount Court development constructed c. 2002. The sale also includes 40 no. car parking spaces situated at basement level.

Access to the office accommodation is provided via the main shared reception area at ground floor level and from the basement using the two passenger lifts or main staircase within the building.

The office floor plates are “L” shaped and provide for a mixture of open plan and cellular office space and kitchenette facilities. Two six person elevators serve the entire building.

Each floor provides for steel raised access floors, with high power data cabling, suspended acoustic ceiling tiles and temperature is regulated via recessed air handling system. Toilets are provided in the entrance hall upon exiting the elevator system.

The property comprises the second and third floor within the Paramount Court development constructed c. 2002. The sale also includes 40 no. car parking spaces situated at basement level. Access to the office accommodation is provided via the main shared reception area at ground floor level and from the

  • Suburban office investment in the centre of Sandyford Business Park
  • Gross internal area of approximately 1,893 sq.m (20,384 sq.ft)
  • Combined rental income of €568,678 per annum
  • Strong tenant covenant including Smith & Williamson and PrePay Power Limited
  • Tenants not affected by the sale
  • Weighted average unexpired lease term of approx. 5 years to break option and 12 years to expiry
  • Guiding in excess of €7,000,000 which equates to a net initial yield of 7.50%

Accommodation

*Rent review has been agreed on a floor area of 9,835 sq.ft

** Rent review has been agreed on a floor area of 10,000 sq.ft

All intending purchasers are specifically advised to verify the floor areas and undertake their own due dilligence.

The approximate Gross Internal Areas (GIA) are as follows:

FloorSqmSqft
Second947.0210,194 *
Third946.7110,190**
Total1,893.7320,384
RS-WS1