OFFICE INVESTMENT FOR SALE - Suites 13, 14 and 15, The Mall, Beacon Court, Sandyford, Dublin 18.
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OFFICE INVESTMENT FOR SALE Suites 13, 14 and 15, The Mall, Beacon Court, Sandyford, Dublin 18.
Highlights
• Modern, high quality office investment
• Excellent covenant
• Producing €269,400 per annum
• Fixed uplift in February 2021 to
€280,000 per annum
• Long unexpired term - 9.8 years to break
(17.8 to expiry)
• 15 secure basement car parking spaces
Suites 13, 14 and 15
are located in the
much sought after
Beacon Court
office development.
Location
The property is located within The Mall, Beacon Court - a
modern office development in Sandyford, situated just off
Junction 13 of the M50 Motorway. The Mall is part of the wider
Beacon Court development which includes The Beacon Clinic,
The Beacon Hotel, two café’s and a creche all arranged over a
basement public / private car park.
There is excellent transport infrastructure in the immediate
vicinity. The Green Line Luas at Stillorgan, is just a 5-minute
walk away and provides rapid transport to Dundrum Town
Centre as well as the city centre. Good Dublin Bus services are
also available on Blackthorn Drive.
10,569 SQ.FT. Tenants not affected
GROSS INTERNAL AREA BY SALE
Description
Suites 13, 14 & 15 comprise a purpose The first and second floors are laid
built, end of terrace office building that out to provide a mix of open plan and
interconnects at each floor level. It cellular office space. Specification
extends to a Gross Internal Area of 981 includes; - raised access floors, carpet
sq. m. (10,569 sq. ft.). The property is tiles, suspended ceiling tiles with inset
situated at the southern end of the Mall fluorescent lighting and air conditioning
and boasts access to a private outdoor units.
patio / breakout area to the rear.
Internally, the property is bright, An eight-person passenger lift,
spacious and has been finished and together with two separate internal
maintained to a high standard. stair cores serve all floors. Separate
toilets are included at each floor level.
The ground floor comprises a tiled The property also has the benefit of
reception area, boardroom, training 15 secure underground car parking
rooms and a kitchen / canteen area. spaces.
Internally the
property is
bright, spacious
and meticulously
laid out.
The Tenant
Beacon Hospital Sandyford provide was launched in February 2015 and
administration services for the boasts the most comprehensive
Beacon Hospital, including, finance, private training programmes in
HR and accounts. Ireland underpinned by excellence
in scholarship, innovation in all
They also provide academy training aspects of healthcare provision and
facilities and programmes for UCD. transformative management and
The UCD Beacon Hospital Academy leadership.
20 year FRI lease with a
passing rent of €269,400 p.a.
Lease Accommodation
Let to the ‘Beacon Hospital The property was measured on a Gross
Sandyford Limited’ by way of Internal Area basis.
a 20-year full repairing and
insuring lease from the 1st of
Floor Sq. m. Sq. Ft.
February 2016. The passing rent
is €269,400 per annum and the Ground 317.36 3,416
lease provides for a fixed uplift
First 332.27 3,577
to €280,000 per annum in
years six to ten - commencing Second 332.27 3,577
February 2021, with open Total 981.90 10,569
market rent reviews thereafter.
There is a tenant break option Balcony 18.96 204
at the expiry of the 12th year of
the lease, subject to 6 months There are 15 secure underground car
prior written notice. parking spaces.
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Title BER
We understand the property is
held under a Long Leasehold Title.
Joint Selling Agents
PSRA No. 002187
PSRA No. 001223
Turley Property Advisors, Colliers International
89 Harcourt Street, Hambleden House,
Dublin 2, 19-26 Lower Pembroke Street,
Dublin 2.
+353 (01) 479 1500 +353 (1) 633 3700
Michael Turley Michele McGarry
michael@turley.ie Michele.mcgarry@colliers.com
Nick O’Loughlin Stephen Conway
nick@turley.ie stephen.conway@colliers.com
The above particulars are issued by Colliers International and Turley Property Advisors on the understanding that all negotiations are conducted through them. Every care
is taken in preparing the particulars which are for guidance only and neither firm hold themselves liable for any inaccuracies. Maps are not to scale and areas/dimensions
are approximate. All reasonable offers will be submitted to the owners for consideration but the contents of this brochure will not be deemed to form the basis of any
contract subsequently entered into.
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