3016-3018 Lake Drive, Citywest Business Campus, Dublin 24,
Property Overview
- Features
- Location
3016-3018 Lake Drive comprises a 2-storey office building extending to 22,965 sq ft, together with 74 car spaces. The building has a brick façade and pitched roof. The building offers a mix of cellular offices, large boardrooms, meeting rooms and open plan office layout. The building benefits from a bright reception upon entry and an 8-person lift.
Commercial Energy Ratings have carried out a BER improvement report. The report demonstrates that the BER ratings can be brought from a B1/B3 to an A3.
Offers are sought in excess of €6,200,000 which represents a NIY of 8.04% (after purchasers costs at 9.96%) and a capital value of €270 psf with short-term reversionary potential.
3016-3018 Lake Drive comprises a 2-storey office building extending to 22,965 sq ft, together with 74 car spaces. The building has a brick façade and pitched roof. The building offers a mix of cellular offices, large boardrooms, meeting rooms and open plan office layout. The building benefits from a
3016-3018 Lake Drive comprises a 2-storey office building extending to 22,965 sq ft, together with 74 car spaces. The building has a brick façade and pitched roof. The building offers a mix of cellular offices, large boardrooms, meeting rooms and open plan office layout. The building benefits from a bright reception upon entry and an 8-person lift.
Commercial Energy Ratings have carried out a BER improvement report. The report demonstrates that the BER ratings can be brought from a B1/B3 to an A3.
Offers are sought in excess of €6,200,000 which represents a NIY of 8.04% (after purchasers costs at 9.96%) and a capital value of €270 psf with short-term reversionary potential.
- Office investment with long-term income
- Entire building extends to approx. 2,134 sqm (22,965 sqft) with 74 surface car parking spaces
- 100% occupied with excellent covenants including Pure Telecom, Schneider & Aspen Pharma
- Centrally located in the highly sought after Citywest Business Campus.
- Passing rent of €547,844 per annum with short-term reversionary potential (June 24 RR)
- WAULT of 5.85 years to break and 10.55 years to expiry.
Citywest Business Campus is an established suburban business campus with a proven track record of attracting international occupiers such as Pfizer, Adobe, SAP, Fidelity, & Nestle. Citywest is located approximately 15 km southwest of Dublin city centre.
3016-3018 Lake Drive is centrally located within the Business Park and offers easy access onto the Naas Road (N7) which leads onto the M50 which links to all major roadways both north and south of the city. Dublin Airport is located approximately 28 km northeast from Citywest.
Citywest is served by the Red Line LUAS, providing connectivity direct to the city centre. There are also numerous Dublin Bus routes servicing the locality, providing connectivity throughout the greater Dublin region.
Citywest Business Campus is an established suburban business campus with a proven track record of attracting international occupiers such as Pfizer, Adobe, SAP, Fidelity, & Nestle. Citywest is located approximately 15 km southwest of Dublin city centre. 3016-3018 Lake Drive is centrally located within
Citywest Business Campus is an established suburban business campus with a proven track record of attracting international occupiers such as Pfizer, Adobe, SAP, Fidelity, & Nestle. Citywest is located approximately 15 km southwest of Dublin city centre.
3016-3018 Lake Drive is centrally located within the Business Park and offers easy access onto the Naas Road (N7) which leads onto the M50 which links to all major roadways both north and south of the city. Dublin Airport is located approximately 28 km northeast from Citywest.
Citywest is served by the Red Line LUAS, providing connectivity direct to the city centre. There are also numerous Dublin Bus routes servicing the locality, providing connectivity throughout the greater Dublin region.
Accommodation
ACCOMODATION
| Accommodation | Tenant | Size (sq.ft) | Car Spaces | Start Date | Break Options | Rent review | Expiry | Passing rent |
|---|---|---|---|---|---|---|---|---|
| Entire 3016 | Aspen | 10,512 | 42 | 28/04/2017 | 31/08/2030 | 01/01/2029 | 31/08/2037 | €264,864 |
| Ground Floor 3018 | Pure Telecom | 6,230 | 10 | 11/06/2019 | n/a | 11/06/2024 | 10/06/2029 | €119,140 |
| 1st floor 3018 | Schneider | 6,223 | 22 | 02/01/2024 | 01/01/2029 | 02/01/2029 | 01/01/2034 | €163,840 |
| Total | 22,965 | 74 | €547,844 |
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