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For Sale / Sale Agreed

Block 14, Joyce Way, Parkwest Business Park,

Dublin 12, D12F9X8
2,524 SQ.M
€3,000,000
Investment Property

Property Overview

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%.

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

  • 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

Accommodation

BER: C3

Description Sq.mSq.ft
Ground Floor865.209,313
First Floor829.328,927
Second Floor829.328,927
Total GIA2,523.8427,167
All interested purchasers are specifically advised to verify the floor area and undertake their own due diligence.

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