Block 2, Blackrock Business Park
Co. Dublin
For Sale
Guide Price €10,250,000
Property Highlights
- Secure Suburban Office Investment
- Modern detached three storey office building
- Extending to approx. 27,678 sq.ft (NIA)
- 100% Occupied
- Multi-let to strong covenants in Identigen Limited and Becton Dickinson Research Ireland Limited
- Total contracted rent of €919,999 per annum
- WAULT of circa 4.24 years to Break and 10.45 years to Lease Expiry
- 71 underground car parking spaces
- Guide Price of €10,250,000 (ex VAT) reflecting a Net Initial Yield of 8.16%
Property Location
Blackrock Business Park is located to the south of Dublin City Centre in the affluent suburb of Blackrock.
Blackrock is located approximately 8km from Dublin City and is easily accessed by the DART, and by road via the Rock Road. The Park is situated just off Frascati Road with easy access from Sweetmans Avenue and Carysfort Avenue.
Blackrock holds a reputation as being one of Dublin’s prime suburban office locations and is home to numerous international occupiers including Zurich, Allianz and Permanent TSB to name but a few. The Village is located to the east of the subject property and provides a wealth of amenities including cafés, restaurants & bars.
The immediate location is serviced by excellent transport links including the DART rail line and a Dublin Bus QBC.
- Blackrock DART Station is located approximately 600 metres north of Blackrock Business Park
- Blackrock Business Park is serviced by Dublin Bus routes including the No. 7, 7a and 17 bus routes
- The N11, which is located nearby, provides vehicular access to Dublin City Centre and the M50
Property Description
Block 2 comprises a modern detached three storey office building extending to approximately 27,678 sq.ft. NIA together with 71 secure basement car parking spaces.
The building is ideally designed to facilitate multi-letting, with two separate reception areas, providing each of the tenants (Becton Dickinson & Identigen) with independent access to their respective floors.
The floor plates are largely rectangular in nature and range from approximately 7,086 sq.ft. to 10,331 sq.ft. Lift access serves each of the floors (in both building cores) including the basement level.
Identigen occupy the ground and second floors and have recently just completed a full fit-out and refurbishment of the second floor. The ground floor provides predominantly laboratory accommodation whilst the second floor consists of high quality office accommodation. Becton Dickinson occupy the first floor and have also completed a full fit-out and refurbishment to include substantial laboratory space.
Lease Terms
Property Size/Area
Approx. 2,571 sq.m. (27,678 sq.ft.)Property Status
For SaleBER Details
Property Location
Documents
QRE Contacts
David O'Malley
MRICS MSCSI
Director Agency
David is Director of the QRE Agency and Investment Team. He is a fully qualified Chartered Surveyor ... View More
+353 86 857 9209
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Conor Whelan
MRICS MSCSI
Managing Director
Conor is the founder and Managing Director of QRE and an experienced property professional with 25 y... View More
+353 86 777 8808
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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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Bryan Garry
MRICS MSCSI
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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