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Unit 6

The Courtyard, Kilcarbery Park, Nangor Road
Clondalkin
Dublin 22,
D22 HT91
225 SQ.M
Investment Property

Property Overview

The property comprises a mid-terrace office facility, with an open plan office and WC on ground floor with meeting rooms, canteen and WC at first floor level.

The building is of concrete portal frame construction with concrete block infill walls finished externally with profile metal cladding façade. The entire is covered with a double skinned insulated metal deck roof.

The property includes seven designated cars parking spaces.

The office accommodation is finished to a high modern specification including suspended ceilings, air conditioning units, fluorescent lighting, plastered and painted walls and carpeted floors throughout.

Tenancy 

The property is leased to KLA-TENCOR Ireland Limited, on a 5 year lease from the 1st June 2017 at a stepped rent* of Year 1: €30,000, Year 2: €30,000, Year 3: €35,000, Year 4: €38,000, Year 5: €38,000. * Rents exclusive of VAT.

The average rental income for the remainder of the term is €37,000 per annum (based yrs 3,4 & 5).

KLA-TENCOR Ireland Limited have been occupying the subject property since 2000 and have renewed their lease on a 4 and 5 year terms since then.

Tenure

Long leasehold interest from the 1st July 1997 for 999 years subject to a peppercorn rent.

The property comprises a mid-terrace office facility, with an open plan office and WC on ground floor with meeting rooms, canteen and WC at first floor level. The building is of concrete portal frame construction with concrete block infill walls finished externally with profile metal cladding façade.

  • Modern own door office located in a busy business park
  • 5 year lease from 1st June 2017 with no break option
  • Stepped rent increases to €35,000 per annum from 1st June 2019 (and €38,000 per annum for years 4 & 5)
  • Current tenant has been in occupation since 2000 and have renewed their lease on a 4/5-year term since then
  • Net Initial Yield 9.10% (based on the average annual rent for the remaining lease term)
  • The property includes 7 designated car parking spaces
  • Tenant not affected

Accommodation

The approximate gross internal area (GIA) is as follows:

All interested purchasers are specifically advised to verify the floor area and undertake their own due diligence.

Energy Performance Indicator: 93.72 (kgCO2/m2/yr)

DescriptionGIA Sq.m GIA Sq.ft
Ground floor225 2,421

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