Third Floor, City Quarter, Lapps Quay,
Property Overview
- Features
- Location
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.
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/
- 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
City Quarter is a landmark five storey mixed use commercial development located on Lapps Quay in the heart of Cork’s central business district.
City Quarter comprises a mixture of offices and restaurants adjacent to the four star 191 bedroomed Clayton Hotel and is within is within minutes walking distance of Patrick Street, South Mall and the bus and train stations. The development overlooks the southern channel of the River Lee is and adjacent to Cork Docklands which is currently the primary focus of office development in the city.
Cork which is Ireland’s second largest city and largest county has a population of 220,000 in the metropolitan area with just over 540,000 in the county. Cork is the main commercial, retail and education centre in the south of Ireland and it has a track record of attracting significant multinational investment. Cork is home to global market leaders in pharmaceutical, healthcare, information and communications technology, biotechnology, professional and international financial services. Many of the world’s leading corporate occupiers are located in the Cork region including Apple, Amazon, Dell EMC, IBM, Pfizer, Glaxosmithkline, McAfee, Lilly, VM Ware, Boston Scientific, Stryker, Pepsi, Trend Micro and Gilead. Cork has an international airport with direct scheduled flights to many cities in the UK and Europe. The city has good bus and rail links including a commuter train service to Mallow, Midleton and Cobh. It has an excellent road infrastructure including the M8 Motorway to Dublin. Cork has two third level institutions, University College Cork and Munster Technological University with a student population of over 40,000.
City Quarter is a landmark five storey mixed use commercial development located on Lapps Quay in the heart of Cork’s central business district. City Quarter comprises a mixture of offices and restaurants adjacent to the four star 191 bedroomed Clayton Hotel and is within is within minutes walking distance
City Quarter is a landmark five storey mixed use commercial development located on Lapps Quay in the heart of Cork’s central business district.
City Quarter comprises a mixture of offices and restaurants adjacent to the four star 191 bedroomed Clayton Hotel and is within is within minutes walking distance of Patrick Street, South Mall and the bus and train stations. The development overlooks the southern channel of the River Lee is and adjacent to Cork Docklands which is currently the primary focus of office development in the city.
Cork which is Ireland’s second largest city and largest county has a population of 220,000 in the metropolitan area with just over 540,000 in the county. Cork is the main commercial, retail and education centre in the south of Ireland and it has a track record of attracting significant multinational investment. Cork is home to global market leaders in pharmaceutical, healthcare, information and communications technology, biotechnology, professional and international financial services. Many of the world’s leading corporate occupiers are located in the Cork region including Apple, Amazon, Dell EMC, IBM, Pfizer, Glaxosmithkline, McAfee, Lilly, VM Ware, Boston Scientific, Stryker, Pepsi, Trend Micro and Gilead. Cork has an international airport with direct scheduled flights to many cities in the UK and Europe. The city has good bus and rail links including a commuter train service to Mallow, Midleton and Cobh. It has an excellent road infrastructure including the M8 Motorway to Dublin. Cork has two third level institutions, University College Cork and Munster Technological University with a student population of over 40,000.
Accommodation
Tenancy Schedule
| Suite | Net Floor Area (Sq Ft) | Tenant | Break Option | Lease Expiry | Next Rent Review | Next Rent Review |
| A | 1,244 | Cornmarket Group | 01 Jan 2017 | 01 Jan 2021 | 31,300 | |
| B | 3,207 | Goodbody | 02 Oct 2016 | 01 Oct 2026 | 80,000 | |
| C | 3,454 | GJ Moloney Solicitors | 01 Nov 2018 | 01 Nov 2028 | 01 Nov 2023 | 85,200 |
| D | 1,414 | NIB Travel | 01 Aug 2021 | 01 Nov 2023 | 01 Nov 2023 | 34,800 |
| E | 7,543 | Glandore | 01 June 2018 | 01 June 2033 | 01 June 2028 | 199,890 |
| Total | 16,862 | 430,990 |
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