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Northwood House, Northwood Campus, Santry

Dublin 9

Sale Agreed Guide Price €9,000,000
Property Highlights
  • Modern suburban office investment comprising 24 of 27 office suites
  • Approx, 4,129 sq. m / 44,444 sq. ft GIA
  • 115 surface and basement car parking spaces
  • Total passing rent of €966,553 p.a.
  • 93% Occupancy
  • Potential to significantly increase rent roll upon leasing of two vacant units
  • WAULT of circa 4.75 years (to expiry)
  • Guide price in excess of €9,000,000
  • NIY of 9.77%
  • Capital value of €202 per sq. ft
  • Reversionary yield in excess of 10.5% on letting two small suites
Property Location

Northwood Campus is a mature parkland environment comprising over 220 acres, incorporating office, medical, residential, hospitality & retail accommodation alongside a 90-acre public park.

The Campus is strategically situated between Dublin's central commercial hub and Dublin Airport, with immediate access to the country's primary motorway routes.

The location is well served by a choice of public transport options and Northwood benefits from the Dublin Port Tunnel and the planned Metro North line, which are both on the doorstep of the campus.

Existing corporate occupiers within the campus include Regus, Affidea, Greencore, Santry Sports Surgery Clinic and Europcar with IKEA and Decathlon located nearby.

Property Description

The subject property comprises a modern five storey over basement, third generation office building providing 24 no. office suites extending to 4,129 sq.m. (44,444 sq.ft.) GIA, along with 115 no. surface and basement car parking spaces.

The property was constructed in 2009 and features separate cores, with lift access from the underground car park to each level, a glazed facade, raised access flooring, zoned gas-fired central heating, with kitchenettes and WC's to each suite.

A number of units feature air conditioning as a tenant fitout. In addition, private glazed balconies are provided to each suite above ground floor. The suites are situated around three separate cores, with suites ranging in size from 135 sq.m. (1,453 sq.ft.) to 251 sq.m. (2,702 sq.ft.). They can be interconnected horizontally to create larger units.

The property is situated on a site extending to approximately 1 acre.

Lease Terms

Full tenancy schedule available in Data Room.
Access provided upon completion of NDA.

Property Size/Area
4,129 sq. m. (44,444 sq. ft.)
Property Status
Sale Agreed
BER Details
Ber Energy Performance Indicator - BER certificates can be inspected in the Data Room
Property Location
QRE Contacts
Bryan Garry
Bryan Garry

Director Investment

Bryan has over 13 years of experience in the Irish commercial property market. As Director of the In... View More

+353 83 391 8649


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Jonathan Hillyer
Jonathan Hillyer

Consultant Investment & Advisory

Jonathan has 20 years’ experience in the Irish commercial property market. He is a recognised expert... View More

+353 86 067 7747


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Jonathan Donnelly
Jonathan Donnelly


Jonathan joined QRE in 2021, after graduating from Technological University Dublin with a BSc (Hons)... View More

+353 87 701 8812


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