Kinvara House, Dublin Hill, Cork

Asking Price: €650,000

Property Location

The property is located on the east side of Dublin Hill Upper, adjacent to City North Business Park on the north side of Cork city. This is a peripheral location at the entrance to a small industrial park. Adjacent occupiers include Kavanagh Refrigeration, Southern Pumps Ltd and Cork Metal Company Ltd. Convenient access is available to the N20 Cork – Limerick Road via Blackpool, while the M8 Dublin motorway lies 10 km to the east via Sallybrook. The building occupies a prominent corner site with access from the estate road and excellent frontage to Dublin Hill Upper.

Property Description

The property comprises a modern detached purpose built office building on a spacious site extending to approximately 0.46 Ha (1.13 acres). The building which dates from 2007 is of concrete frame construction with panel wall cladding, forming a two storey over basement structure. There is a glazed atrium to the front of the building and numerous sky-lights at first floor level. Internally the entire is laid out in office accommodation with an excellent decorative finish throughout to include carpet and tile floor coverings, suspended ceilings and raised floors. The basement carpark is presently divided between storage areas and 14 car spaces. It has a gated ramp access and is served by a lift to all floors. The remainder of the site offers 52 delineated parking spaces together with landscaped areas and lawns.

Property Specification

• Online bidding November 1st 2017 • Modern purpose built detached office building • Situated on the northern side of Cork City • Approximately 909.95 sq. m (9,794 sq. ft) of office accommodation • Basement and surface car parking • Large site with future development potential • Fully occupied under 3 separate tenancies • Current passing rent is €97,168 per annum • Net Initial Yield 13.8% • BER: C2 – D2

Lease Terms

The building is presently 100% occupied under lease / licence agreements. The current total passing rent is €97,168 per annum.

Property Size/Area

Approximately 909.95 sq.m. (9,794 sq.ft.) of office space

Service Charge

Service charges in the region of €17,718 p.a. are being paid together with passing rents.

Title

Freehold

VAT

Any VAT arising as a result of the transaction will be the responsibility of the purchaser

BER Rating

BER Number

Available on request

Energy Performance Indicator

Available on request