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FOR SALE BY PRIVATE TREATY
Block 9 Blackrock Business Park, Carysfort Avenue, Blackrock, Co. Dublin

Prime Suburban Office Investment Opportunity (Tenant not effected)
Investment Memorandum

LEASE DETAILS

The entire property is let to Global Medics on a new 10-year FRI Lease at an initial rent of €112,254 (€23.00psf / €1,500 pa pcs).

The lease incorporates a 5-year open market rent review and the commencement date of the lease was xx August 2019. The lease includes a tenant break option at the end of year 5 subject to 12 months written notice and a 3-month rental penalty.

Covenant 

Global Medics Ireland was set in 2006 to supply locum consultant positions as a dedicated recruitment provider of all grades of locums to the Health Service Executive. Working with over 70 hospitals, Global Medics are a leading healthcare staffing provider in Ireland. Global Medics is part of Medacs Global Group which has operations across the United Kingdom, Ireland, Australia, New Zealand and the Middle East.

A copy of the most recent audited accounts is available in the Data Room.

PROPERTY DETAILS

Title

We understand the property title is long leasehold for a term of 500 years from 01 May 1997. 

Zoning

In the Dun Laoghaire-Rathdown Development Plan 2016 – 2022, the site is zoned ‘E’ with a stated objective ‘To provide for economic development and employment’.

BER

C2

Solicitors

Beauchamps, Sir John Rogersons Quay, Dublin 2 (D02 KV60)

Solicitor; Ms. Jacinta Niland

GUIDE PRICE

The building is for sale by private treaty seeking offers in excess of €1.5 million, excluding VAT.

VIEWINGS

STRICTLY BY APPOINTMENT WITH THE SOLE SELLING AGENTS HWBC



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