Unit 9 Finglas Business Centre

Property Highlights

Mid-terrace warehouse investment
Floor area approximately 464 sq.m. (4,997 sq.ft.) GEA
New 15 year lease to Latsia Limited T/A Elegant John Bathrooms from 1st of July 2022
Passing rent of €42,500 per annum
Guide Price €500,000
NIY approximately 7.7% (After standard purchasers’ costs of 9.96%)
Attractive Capital Value of approximately €100 per sq.ft.
Tenant not affected

Property Location

The property is located within Finglas Business Centre on Jamestown Road, approximately 1.5kms north of Finglas village and approximately 8kms north of Dublin City Centre.

Finglas Business Centre is strategically located approximately 2kms southeast of the M50 motorway junction (J5) which provides rapid motorway access to Dublin Airport, the Port Tunnel and all of the main arterial routes from the city.

Property Description

The property is a mid-terraced warehouse facility within Finglas Business Centre and is of concrete frame construction with full height concrete block walls. Access is provided via 1 no. ground level roller shutter door.

The roof comprises an insulated metal deck roof with translucent panels, a sealed concrete floor and high bay sodium lighting is provided.

There are partitioned offices incorporating suspended ceilings with recessed fluorescent lighting, double glazed PVC framed windows, electric storage heating and toilets.

There is additional temporary office accommodation constructed in the warehouse, supported by a removable steel framed mezzanine.

Lease Terms

The entire property is let to Latsia Limited T/A Elegant John Bathrooms under a 15-year FRI lease from the 1st of July 2022.

The initial rent is €42,500 per annum (approximately €8.50 per sq. ft) and is to be reviewed to market rent at the expiry of year 5.

There is a tenant only break-option in years 5 & 10 subject to nine months’ notice in advance.

*NB: Prospective purchasers should satisfy themselves as to the accuracy of the above information.

Accommodation

9 Finglas Business Centre measures approx. 464 sq.m. (4,997 sq.ft.) on a gross external area (GEA), incorporating two-storey offices of approximately 116 sq.m. (1,249 sq.ft.).

The clear internal height in the warehouse is approximately 7m. The Roller shutter is approximately 3.14m (w) x 3.83m (h).

Auction Date

The property will be sold via online auction (Offr) on Thursday the 16th February 2023, unless sold prior.

Property Size/Area

4,997 sq. ft GEA

Property Status

Sold

BER Details

Ber Number - 800784548

Ber Energy Performance Indicator - 369.56 kWh/m2/yr 1.25

Property Location

Map View Street View

Documents

9 Finglas Business Centre

QRE Contact

Jonathan Donnelly

Surveyor

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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