For Sale / Sale Agreed

Block 14, Joyce Way, Parkwest Business Park,

Dublin 12, D12F9X8

2,524 SQ.M

€3,000,000

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Investment Property

Property Overview

Features
Location

Block 14, Joyce Way is an impressive three-storey purpose built standalone office building located at the Park West Business Park. The property comprises approximately 2,524 sqm (27,167 sq.ft) of office space (Gross External Area) with 36 surface car parking spaces.

The building features an attractive three storey atrium style entrance. The specification of the building includes raised access floors with carpets, suspended ceilings, air-conditioning, floor boxes wired for power, kitchenette facilities and an 8- person passenger lift serving all floors. The building offers both open-plan & cellular offices. Each floor has the benefit of male and female WC’s. There is both dedicated bike storage and shower facilities in the building.

BER C3

Price
Offers are sought in the region of €3,000,000, which represents a NIY of 12.16% after the deduction of standard acquisition costs at 9.96%.

36 car parking spaces
Tenants include ICRLA, Client Solutions (Ernst & Young) & Orchard Fostering
Well positioned within the Park West campus
Passing rent of €401,161 per annum
WAULT of 2.5 years to break option and 3.1 years to expiry
NIY of 12.16% (after standard purchasers costs at 9.96%)
Tenants not affected

Location
Block 14 is located on Joyce Way within the Park West Business Park, which is 8 kilometres west of Dublin City Centre. Park West Business Campus is the largest business & technologies campus in Ireland. Park West is accessible through the Nangor Road, connecting to the M50 motorway providing access across County Dublin. The business campus is approx. a 6-minute drive to junction 9 on the M50 and Block 14 is about an 8 minute walk from the Park West train station. Commute time to and from Dublin City centre is approx. 20 mins.

The Aspect Hotel, Giraffe Child Care Centre, Spar Convenience Store, Park West Pharmacy, and Energie Fitness Club are just a few of the services and amenities available in Park West. Neighbouring occupiers include Nissan Ireland, Apple Green, Allianz, Openet, WorkHuman, and Allianz. The property has great access to public transportation, including the Park West train station that neighbours the campus, which is served by the Arrow network connecting Kildare to Heuston Station. The Kylemore and Red Cow stops are serviced by the LUAS Red Line and are about 2.5 kilometres away from the subject property. The Park is regularly serviced by a feeder bus from both LUAS stops whilst Dublin Bus and a private bus service provide feeder buses to and from Dublin City Centre.

BER: C3

Description	Sq.m	Sq.ft
Ground Floor	865.20	9,313
First Floor	829.32	8,927
Second Floor	829.32	8,927
Total GIA	2,523.84	27,167
All interested purchasers are specifically advised to verify the floor area and undertake their own due diligence.