RS-WS2
Sale Agreed

Block A Cork Business and Technology Park Model Farm Road,

Co. Cork, T12 E129
16,070 SQ.FT
Asking price
€1,900,000
Investment Property

Property Overview

The office building is situated amidst a 79 acre business park located on Model Farm Road in Cork. The property is laid out over two floors with the ground floor extending to a NIA of approx. 7,280 sq ft, which is currently occupied.

The vacant first floor has a very similar floor plate and extends to a NIA of approx. 7,262 sq ft. This floor can be independently accessed and is in very good condition, ready to be occupied immediately.

The office building is situated amidst a 79 acre business park located on Model Farm Road in Cork. The property is laid out over two floors with the ground floor extending to a NIA of approx. 7,280 sq ft, which is currently occupied. The vacant first floor has a very similar floor plate and extends to

  • Office investment opportunity in Cork Business & Technology Park
  • Stand alone, two storey office block extending to approx. 16,070 sq ft (GIA)
  • Ground floor occupied with first floor vacant
  • New 10 year lease from Dec. 2020 for the ground floor with 5 years term certain
  • Let to S3 ASIC Semiconductors Ltd with excellent international covenant strength
  • Current income of €116,480 p.a.
  • NIY of 5.6% with potential for reversionary yield of 11.1%
  • Includes 55 surface car parking spaces
  • The office accommodation is in very good condition with suspended ceilings and raised floors
  • Joint Agents; Bid X1 (Tel: 01 6673388)

Accommodation

BER No. 800545428
Energy Performance Indicator: 413.41

FloorDescriptionSqmSqFt
GroundOffice758.38,163
FirstOffice734.57,907
Approx. Total1,49216,070

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