19 MERVUE BUSINESS & TECHNOLOGY PARK - MONIVEA ROAD GALWAY - TWM
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
D FOR SALE BY PRIVATE TREATY
(Tenants Not Affected)
INDUSTRIAL / PHARMA INVESTMENT
19
U MERVUE
BUSINESS &
N TECHNOLOGY
I PARK
T MONIVEA ROAD
GALWAY
INVESTMENT HIGHLIGHTS High Profile 10.8 years Annual rent of Extends to Tenants not Business & secure income €187,209 increasing 1,791 sq.m affected Technology Park to €298,871 in (19,278 sq.ft) GIA location August 2021
Investment underpinned by
7 REASONS TO INVEST well-established commercial
location
6O%
Annual rent
ABSENCE OF LARGER
WELL LOCATED
INDUSTRIAL /
increasing by MANUFACTURING
STOCK WITHIN
over 60% in GALWAY MARKET
August 2021
NO MANAGEMENT ISSUES
LET TO
Delcath Systems &
Goodman Medical
until August 2031
FULL REPAIRING LEASE LONG TERM
INCOME
PROFILE
N
19
W E
WELLPARK RETAIL PARK
U
S
MERVUE
BUSINESS &
N TECHNOLOGY
I PARK
AVAYA IDA IRELAND
T MONIVEA ROAD
GALWAY
HID GLOBAL
THERMO KING GALWAY TECHNOLOGY CENTRE
PEM EUROPE
GRETB TRAINING CENTRE SEALED AIR NELIPAAK
TECHNOLOGY PARK LOCATION
PENN ENGINEERING
CROWN SQUARE
HIGH PROFILE BUSINESS &
RIVERSIDE INDUSTRIAL ESTATE
SMALL BUSINESS PARK
EIR
MUSGRAVES CASH & CARRY
Galway
Racecourse
Galway
Business Ballybrit
Park
Terryland
MERVUE
BUSINESS & TECHNOLOGY
PARK
NUIG GMIT
LOUGH University
ATALIA
Hospital
Eyre
Square Renmore
The Docks
The Claddagh GALWAY BAY
Salthill
LOCATION Unit 19 Mervue Business Park is
situated in a prominent position
Galway is known as a hub for the
manufacturing sector, particularly
Road and the surrounding area
is a popular commercial location
within Mervue Business & in the fields of medical equipment, with neighbouring business parks
Technology Park on the east side bio-pharma, chemicals etc. including Wellpart retail Park,
of Galway City. Galway is the Mervue Business & Technology Liosbaun Business Park, Galway
largest urban Commercial, Park is one of the city’s longest Financial Services Centre and
Belfast
cultural and administrative centre established manufacturing and the Crown Square development
Knock
in Connaught with a population of business parks situated only 2kms (currently under construction).
GALWAY M3
M1
79,504 (Census 2016). from the city centre and approx. Unit 19 is located on the southern
M6 M4 M2
2kms from the M6 allowing for side of Mervue Business &
Dublin
Excellent road service is provided easy access from both the city Technology Park and adjacent
M50
DRIVE TIMES
M18
M7
Shannon
M11
to Galway via the N18 to Limerick and all of its arterial routes. occupiers include Avaya
Limerick
M20
M9 Dublin Airport 2 Hr which is located 105kms south, International Sales, HID Global,
M8 Shannon Airport 45 min and the N6 to Dublin which is The business park is located Penn Engineering and Smyth’s
Knock Airport 1 Hr situated 216kms to the east. between the Monivea and Tuam Toys Head Office.
Cork
DESCRIPTION
Unit 19 comprises a mid-terrace
‘northern light’ industrial manufacturing
property laid out to a very high standard
having recently been refurbished
comprising a combination of offices, clean
rooms (designated ISO 8), warehousing
and laboratory accommodation.
The building, which was originally built
in the 1970’s is situated within a parade
of similar type units and extends to a
total of 1,791 sq.m (19,278 sq.ft). The
office accommodation extending to
approx. 203 sq.m (2,185 sq.ft) is situated
to the front of the unit with clean rooms,
labs and warehousing to the rear. Rear
access is provided for deliveries.
SPECIFICATIONS
19
8
U MERVUE
BUSINESS &
ISO Class 8 Steel framed Double Manufacturing Air Acoustic tiled Roller shutter 8 designated
N TECHNOLOGY cleanrooms ‘Northern
Light’ roof
glazed uPVC
windows
element
eaves height
conditioning
cassette
suspended
ceilings with
access to the
delivery /
surface
car parking
I PARK
structure approx. 5.0m units Recessed shipping area spaces
T MONIVEA ROAD
GALWAY lighting to rear
FLOOR PLAN
TENANCY TENURE
The property is let to Delcath changes in the Consumer The property is held by way of
Systems Limited on a 10 year Price Index. Goodman long leasehold title with the IDA
lease from 2 August 2011 at Medical will in turn sublet for a term of 999 years from 27
an annual passing rent of the front offices section of June 1997 subject to an initial
€187,209. Delcath in turn the property back to Delcath annual ground rent of IR£10.00
sublets the rear section of Systems Limited. per acre per annum subject to
the property which includes review of rental linked to CPI on
clean rooms and distribution Delcath Systems Ltd is a a five-yearly basis, subject to a
warehouse to Goodman publicly traded specialty 10% cap.
Medical Ireland Limited. pharmaceutical and medical
device company focused on
Upon expiry of the lease the treatment of primary
to Delcath, Goodman and metastatic liver cancers.
Medical have signed a lease Goodman Medical is a
agreement for a term of 10 Japanese-owned Medical
years to begin effective from Device Company that
2 August 2021. The annual employs 250 people in their
passing rent will increase to Galway plant in Mervue.
€298,871 effective from that They develop and
date and will be subject to manufacture cardiovascular
review in year 5 in line with devices and implants.
SELLING AGENT
Dockgate, Dock Road, Galway, H91 DFP3
twmproperty.ie
PROPOSAL CONTACT
Offers invited in excess SARAH WINTERS
of €3,750,000. DISCLAIMER
T: + 353 (0) 91 396 369 TWM for themselves and for the vendor/lessor of
the property whose agents they are, give notice
E: sarah@twmproperty.ie
that: 1. These particulars do not constitute an
offer or contract or any part thereof and none of
the statements contained in the particulars as to
DATA ROOM RUAIRI WALL the property are to be relied on as a statement
Further information available at T: + 353 (0) 91 369 309 or representation of fact. 2. The vendor does
not make or give, nor is the Agent(s) or its staff
www.unit19mervuebusinesspark.com E: ruairi@twmproperty.ie authorised to make or give any representation
or warranty in respect to this property. 3. All
descriptions, dimensions, references to condition
and necessary permission for use and occupation,
BER SOLICITOR and other details are given in good faith and are
Energy Performance FORD & ASSOCIATES SOLICITORS believed to be correct but any intending purchaser
or tenant should not rely on them as statements
Indicators and Full Augustine Court, or representations of fact but must satisfy
Building Energy Rating
St Augustine Street, himself/herself by inspection or otherwise as to
Certificate available on the correctness of each of them. 4. In the event
the datasite. Galway of any inconsistency between these particulars
and the contract of sale, the latter shall prevail.
T: + 353 (0) 91 549 399 5. VAT may be payable on the purchase price.
D E: nford@fordlaw.ie PSRA No: 001835.
You can also read
