RS-WS1
For Sale

Third Floor, City Quarter, Lapps Quay,

Cork City, T12Y3ET
20,472 SQ.FT
Guide price
€4,950,000
Investment Property

Property Overview

The property comprises the third floor of City Quarter which is a high specification mixed use commercial development over a double basement carpark designed by Scott Tallon Walker Architects. The third floor comprises 5 no. office suites laid out around a central service core incorporating toilet facilities. The total Net Internal area is 1,566 sq m (16,862 sq ft) and the total Gross Internal area is 1,901 sq m (20,472 sq ft).

The property is fully occupied under various leases and existing tenants include Glandore Business Centre, NIB Travel Insurance, GJ Moloney Solicitors, Cornmarket Group Finance Services Ltd and Goodbody Stockbrokers. The tenants are not affected by the Sale.

The office accommodation is laid out in a mix of open plan offices, boardrooms, private offices and break out areas. The offices are finished internally with raised access floors and air conditioning. These modern offices also have extensive natural light and panoramic views of the City and the River Lee.

The building was constructed in 2005 on a structural frame with concrete block, architectural metal clad façade with extensive glazing, concrete floors and mainly flat concrete roof. There is a feature entrance foyer reception and three passenger lifts serving all floors including the basement car park. Access to the property is from Lapps Quay through a revolving door. There are 280 basement car spaces (not included in the sale) with access from Lower Oliver Plunkett Street with security barrier access.

Please see dedicated website for more information: https://thirdfloorcityquarter.com/

The property comprises the third floor of City Quarter which is a high specification mixed use commercial development over a double basement carpark designed by Scott Tallon Walker Architects. The third floor comprises 5 no. office suites laid out around a central service core incorporating toilet facilities.

  • Superb City Centre Office Investment Opportunity (Tenants Not Affected)
  • Current rent of €430,990 per annum
  • Modern specification with heating & cooling air condition system, raised access floors and double glazed windows
  • Fully Occupied floor of offices within a high-profile development in Corks docklands
  • Basement car parking available

Accommodation

Tenancy Schedule

SuiteNet Floor Area (Sq Ft)TenantBreak OptionLease ExpiryNext Rent ReviewNext Rent Review
A1,244Cornmarket Group01 Jan 201701 Jan 202131,300
B3,207Goodbody02 Oct 201601 Oct 202680,000
C3,454GJ Moloney Solicitors01 Nov 201801 Nov 202801 Nov 202385,200
D1,414NIB Travel01 Aug 202101 Nov 202301 Nov 202334,800
E7,543Glandore01 June 201801 June 203301 June 2028199,890
Total16,862430,990

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RS-WS1