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Suite 206, Q House

Furze Road, Sandyford, Dublin 18

For Sale
Guide Price: €1,050,000
Property Highlights
A prime suburban office investment
Second floor office suite extending to approx. 251 sq. m or 2,700 sq. ft GIA
6 x car parking spaces
Let to Olas Software Training & Development Limited
Lease expiry December 2023
Current rent passing €82,000 per annum
Net initial yield of 7.10% and a capital value of €389 per sq.ft.
Property Location

Q House is located on Furze Road adjacent to Beacon Court and in close proximity to the Beacon Hotel and a short walk to the Beacon South Quarter.

Sandyford Business Park is a highly successful and established business district in the heart of the South Dublin suburbs, approximately 9 km from Dublin City Centre. The area is widely regarded as the premier suburban office location in Dublin.

Property Description

Suite 206 is situated on the second floor and extends to approximately 251 sq. m (2,700 sq. ft) on a gross internal basis. The unit has been fitted out to a high standard by the tenant and benefits from sweeping views over Dublin Bay.

Lease Terms

The subject property is let in its entirety to Olas Software Training & Development Limited t/a Olas with lease expiry in December 2023 under an effective FRI lease. Olas originally entered into a 5-year lease commencing December 2013 and subsequently a deed of variation was agreed extending the term by an additional five years. The contracted rent (which is being discharged in full) is €82,000 per annum. Six car parking spaces are demised to the unit.

Olas Software Training & Development Limited has a Vision Net Rating of 93/100.

Olas is Ireland’s only SAP Education Partner and SAP Business Objects Education Partner. Olas is the first port of call for official training SAP project teams. Assima PLC (parent company) is, a global technology & services company specialising in increasing the performance and productivity of users of large enterprise systems.

Property Size/Area
251 sq. m (2,700 sq. ft) GIA
Property Status
For Sale
VAT
Please refer to agent
Energy Performance Indicator
302.92 kWh/m²/yr0.91kWh/m²/yr
BER Number
800021842
BER Grade
Location Map

53.274136, -6.215283

Documents

QRE Contact

Bryan Garry MRICS MSCSI
Director
Brian Kelly
Surveyor
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