For Sale by Private Treaty - Office Investment Opportunity - 8 Own Door Office Units at
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8 Own Door Office Units at
Citywest Business Campus, Co. Dublin
Office Investment Opportunity
For Sale by Private Treaty
(Tenants not Affected)
INVESTMENT SUMMARY
• A superb opportunity to acquire a multi-let office
investment in Citywest Business Campus
• Set within a 350 acre world-renowned office
campus in South West Dublin
• 8 no. high quality two storey own door office units
• Approximately 2,238 sq m (24,085 sq ft) with 89
car parking spaces
• Passing rent of €410,342 per annum with potential
to increase income on letting of one remaining
vacant unit
• Weighted Average Unexpired Lease Term of over
3.7 years following recent renewal of 3 of the 7
tenancies on expiry of existing agreements
• Constructed in 2008 by Davy Hickey Properties
Limited
d KINGSWOOD R136
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LOCATION
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Citywest is strategically located on the Naas dual carriageway (N7) just 4km from the NEIGHBOURING OCCUPIERS N7
Lakedrive
Road
M50 motorway. The N7 provides immediate access to the country’s road network and
Citywest is host to over 130 indigenous
a direct link to the south and west of Ireland. The M50 also provides direct access to CITYWEST
and international companies. Including top t BUSINESS
ggar venue
Dublin Airport. This pivotal location brings the whole country within easy reach.
To Sa Bionc
oni A CAMPUS ven
ue
Cityw
global companies in Pharmaceuticals, IT/ t A
es
yw
Cit
est R
In addition to a strong road network, Citywest is also well serviced by public transport. Software, Telecomms, Electronics, Media PARK & RIDE
oad
The Citywest Red LUAS terminal and one of Dublin’s largest bus hubs are minutes from and Food.
the property where connections are available to the entire greater Dublin area and city e
s
Lua
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CAMPUS OCCUPIERS INCLUDE
Citywest Village Line
ve
centre/IFSC. N82 Red
tA
es
w
ty
SAP, EIR, Adobe, GSK, Unilever, Fidelity, Ci
There is an abundance of amenities within Citywest including restaurants, coffee shops,
Glanbia, United Drug, UPS, Nestle, Sanofi,
convenience stores and child care facilities. Citywest Shopping Centre is a short 10
Citywest Campus
minute walk and includes a range of retail offerings including Dunnes Stores, McCabes Irish Times, JTI, and others. Luas Stop
Pharmacy, McDonalds, KFC, Costa Coffee as well as a gym. BROOKFIELD
CITYWEST SHOPPING CENTRE
To N81 / Tallaght
DESCRIPTION
The investment opportunity includes 8
of the 12 high quality two storey own
door office units. The units provide a
mix of floor areas ranging from 174 OFFICE SPECIFICATION:
sq m (1,875 sq ft) to 402 sq m (4,325
• Raised access floors
sq ft). Built to the highest modern • Suspended ceilings and recessed
standards, these third generation offices light fittings
• Floors boxes of approximately
benefit from generous car parking
1 per 10 sq m
and first class landscaping. They have • Air conditioning throughout
been designed specifically to suit the • Floor to ceiling heights from 2.64m
to 2.8m
needs of domestic or international
• Generous car parking ratio
companies seeking to locate in a quality
• Attractive external landscaping
environment near Dublin with excellent
transport links.
Rathoath Ashbourne
Donabate
Swords
Malahide
7 of the 8 units are currently let providing a total rental income of €410,342 per annum. Following a
Dunboyne
N TENANCY rent re-gear exercise 3 of the 7 tenants have recently agreed deals to renew their leases on expiry of
their existing agreements. These tenancies provide an attractive mix of income lengths of between
SITEMAP
Kinsealy
M2 M1
Dublin Airport Portmarnock 1.5 and 5.5 years term certain with an overall WAULT of over 3.7 years to the earliest break / expiry.
Clonee
M3
Blanchardstown Santry
Leixlip Clontarf
Area Sq M Area Sq Ft No. Car Commencement Years to Years to Break
Castleknock Unit No. Tenant Rent (p.a)* Expiry Date Break Date
Lucan (GIA) (GIA) Spcaes Date Expiry / Expiry
ellbridge
N4
Lufthansa Technik Airmotive
1 324.60 3,494 16 €73,292 28/05/2014 27/11/2023 5.5 None 5.5
Ireland Leasing Limited
M50 CITY CENTRE
2 Draeger Medical Ireland Limited 174.19 1,875 6 €32,550 22/05/2014 21/05/2024 6.0 22/05/2020 2.0
N7
Greenogue
Mota-Engil Ireland Construction
3 318.19 3,425 14 €66,000 14/06/2017 13/06/2027 9.1 13/06/2022 4.1
Limited (t/a Glan Agua)
N11
Tallaght Sandyford 9
Saggart 5 1E Ireland Limited 401.81 4,325 16 €75,000 07/11/2014 06/11/2024 6.5 07/11/2019 1.5
8
N81
7
6 VACANT 208.20 2,241 8 N/A 0.0
6
7 PMI Software Limited 318.19 3,425 9 €63,500 01/02/2014 31/07/2023 5.2 None 5.2
5
on
< Greystone
gt
in
8 Lyoness Loyalty Ireland Ltd. 174.19 1,875 7 €35,000 17/04/2015 16/04/2025 6.9 17/04/2020 1.9
ss
le
Building Energy Rating
BER No. C1-C2, Individual
BER Certificates available on request.
Title: Freehold
Proposal: On application
Viewings: Strictly by appointment
through JLL as sole selling agents.
Contact Details:
Brian Shields John Bradish
E. brian.shields@eu.jll.com E. john.bradish@eu.jll.com
T. +353 1 673 1678 T. +353 1 676 1678
Disclaimer: The particulars and information contained in this brochure are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been
taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans,
artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and
information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifi cally advised to undertake its own due diligence (at its own expense)
to satisfy itself as to the accuracy and/ or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether
express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any
intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on
the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction.
JLL PSP Licence No: 002273
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