Building 4700, Cork Airport Business Park,
Property Overview
- Features
- Location
- Solicitor Details
Building 4700 comprises a modern detached two storey third generation office building situated in a high profile location at the main entrance into the Business Park. The total Gross Internal area is 2,288 sq m (24,632 sq ft) and Net Internal area is 1,912 sq m (20,585 sq ft). The property is currently laid out with 2 no. office suites at ground floor level and 1 no. office suite on the first floor. There is a central core with a feature glazed entrance lobby, stairs, passenger lift and ladies and gents toilets and shower on each floor. The main ground floor entrance lobby has a tiled floor and the offices are finished internally with air conditioning, raised access floors with carpet floor coverings and suspended acoustic tiled ceilings incorporating lighting. There is surface car parking surrounding the building providing an excellent parking ratio of 100 spaces for the subject property.
Tenants include Marriot International and Smarttech. One of the ground floor office suites which comprises a net internal floor area of 5,000 sq ft is currently vacant.
Please see dedicated website for more information:
https://4700corkairport.com/
Building 4700 comprises a modern detached two storey third generation office building situated in a high profile location at the main entrance into the Business Park. The total Gross Internal area is 2,288 sq m (24,632 sq ft) and Net Internal area is 1,912 sq m (20,585 sq ft). The property is currently
Building 4700 comprises a modern detached two storey third generation office building situated in a high profile location at the main entrance into the Business Park. The total Gross Internal area is 2,288 sq m (24,632 sq ft) and Net Internal area is 1,912 sq m (20,585 sq ft). The property is currently laid out with 2 no. office suites at ground floor level and 1 no. office suite on the first floor. There is a central core with a feature glazed entrance lobby, stairs, passenger lift and ladies and gents toilets and shower on each floor. The main ground floor entrance lobby has a tiled floor and the offices are finished internally with air conditioning, raised access floors with carpet floor coverings and suspended acoustic tiled ceilings incorporating lighting. There is surface car parking surrounding the building providing an excellent parking ratio of 100 spaces for the subject property.
Tenants include Marriot International and Smarttech. One of the ground floor office suites which comprises a net internal floor area of 5,000 sq ft is currently vacant.
Please see dedicated website for more information:
https://4700corkairport.com/
- High profile location in Cork Airport Business Park, just off the N27 and approx. 7km south of Cork city centre.
- Excellent global business community within the Park and occupiers include Amazon, Intel, Bank of New York, IBM, Poppulo, Aviva and Alter Domus
- Detached two storey third generation office building extending to 24,623 sq ft (GIA)
- High specification offices which have raised access floors, air conditioning and lift access
- Site of approx. 1.3 acres with 100 surface car spaces
- 75% occupancy
- Tenants include Marriott International and Smarttech Cyber Security. Tenants are not affected by the sale.
- Current total rental income of €221,700 per annum exclusive
- Asset management opportunity with potential to significantly increase rental income by securing a tenant for the vacant office.
- Net Initial Yield of 6.1% with potential for Reversionary Yield of 9.6%
Cork Airport Business Park is the premier office location in the Cork region. The park is 7km south of Cork city centre and is within walking distance of the Airport terminal buildings. The park provides approximately 750,000 sqft of modern third generation office accommodation laid out in a low density campus style landscaped environment. There is an excellent global business community within the Park and occupiers include Amazon, Intel, Bank of New York, IBM, Poppulo, Aviva and Alter Domus. The park is easily accessible from all road networks. There is also excellent public transport links with a frequent bus service running through the Park and serving Kent Rail Station and the city centre. The park has the benefit of two onsite hotels, Cork International Hotel and Cork Airport Hotel.
Cork Airport Business Park is the premier office location in the Cork region. The park is 7km south of Cork city centre and is within walking distance of the Airport terminal buildings. The park provides approximately 750,000 sqft of modern third generation office accommodation laid out in a low density
Cork Airport Business Park is the premier office location in the Cork region. The park is 7km south of Cork city centre and is within walking distance of the Airport terminal buildings. The park provides approximately 750,000 sqft of modern third generation office accommodation laid out in a low density campus style landscaped environment. There is an excellent global business community within the Park and occupiers include Amazon, Intel, Bank of New York, IBM, Poppulo, Aviva and Alter Domus. The park is easily accessible from all road networks. There is also excellent public transport links with a frequent bus service running through the Park and serving Kent Rail Station and the city centre. The park has the benefit of two onsite hotels, Cork International Hotel and Cork Airport Hotel.
William Fry, 2 Grand Canal Square, Dublin 2
Accommodation
Tennancy Schedule
| Floor | Unit | Floor Area Sq Ft (Gross) | Floor Area Sq Ft (Net) | Tenant | Lease Start | Lease Expiry | Rent P.A | Allocated Parking |
| Ground | A | 6,247 | 5,282 | Zefone Ltd t/a Smarttech | 23 October 2017 | 22 October 2022 | €79,230 | 21 |
| Ground | C | 5,917 | 4,923 | Vacant | 20 | |||
| First | B | 12,468 | 10,380 | MVCI Services Ltd t/a Marriott International | 09 December 2002 | 09 December 2022 | €142,500 | 45 |
| Total | 24,632 | 20,585 | €221,730 | 86 |
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