WILLOW ROAD DUBLIN 12, D12 DK12 - FOR SALE - TWM
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FOR SALE
BY PRIVATE TREATY
Tenant not affected
WESTLAND
HOUSE
WILLOW ROAD
DUBLIN 12, D12 DK12
C3
INVESTMENT HIGHLIGHTS
WESTLAND HOUSE IS A THREE STOREY, THIRD GENERATION OFFICE BLOCK.
Strategically located HQ office
7.5km
Dublin City Centre is 7.5km east and Total Passing Rent €350,000
building benefits from excellent connectivity per annum
Excellent frontage onto the Train, Luas and Dublin Bus stops
10
Fully let to Actavo Group Limited on
New Nangor Road within minutes walk a 10 year lease from October 2020
Close proximity to the Naas Road
2,168
Approx. 2,168sq.m (23,336sq.ft)
*
7.4 years to break option* and 9.4
and M50/N7 Junction with 58 car spaces years to lease expiry
*Areas are not warranted. Intending purchasers should satisfy themselves as *As of May 2021.
to floor areas.
APPROXIMATE TRAVEL TIMES
18 MINUTES WALK TO 20 MINUTES TO 25 MINUTES DRIVE 5 MINUTES DRIVE
KYLEMORE LUAS STOP DUBLIN CITY CENTRE TO DUBLIN AIRPORT M50 TO M50 MOTORWAY
N2
M1
N3
LOCATION
Belfast
Westland Park is strategically located on the south side of
Nangor Road, approximately 7km south west of Dublin City
Knock
M50
N4
Centre. Access to the Park is directly from Willow Road which
M1
M3
DUBLIN
is located just off the new Nangor Road. The Park provides CITY
Galway M6 M4 M2
M50
Dublin
easy access to the N7 Naas Road, M50 Motorway and Dublin
M18
M7
International Airport. Public Transportation links are also very Shannon
M11
M9
M20
good, with both Cherry Orchard Train Station and the Kylemore N7 N11 Limerick
M8
Luas Stop both within walking distance of the property,
in addition there are numerous bus routes in the area. The Cork
N81
immediate area is commercial in nature with several notable M50
corporate occupiers within the vicinity including Bio Pharma
Engineering, Diageo, Toyota Ireland, and Electrolux Group. Westland Business Park Cherry Orchard Train Station Kylemore Luas Stop Luas Green Line
ISUZU M50
LUAS STOP RED LINE
RED COW MORAN HOTEL
NAAS ROAD RED COW INTERCHANGE
WESTERN INDUSTRIAL ESTATE
McDONALDS NAAS ROAD HARRIS
CIRCLE K
WIL
LOW
ROA
D
TOYOTA IRELAND HQ
NEW NANGOR ROAD
DESCRIPTION
Westland House comprises a three storey, third generation office
block, extending to approximately 2,168 sq. m (23,336sq.ft.) GIA.
The office accommodation is laid out to provide a mix of open plan
and cellular offices.
The property has recently undergone significant capital improvements
and the internal specification includes suspended ceilings, recessed
lighting, new air conditioning system, raised access floors, and a
kitchen. Westland House is currently occupied by Actavo Group
Limited producing a current rent of €350,000 per annum.
TENANCY SCHEDULE
Unit Tenant Analysis Sq. Ft GIA Lease Start Lease Expiry Break Date Car parking Rent Review Rent per
Approx demised annum
Block F Actavo Group Limited €13.38 psf 23,336 01.10.2020* 30.09.2030 30.09.2028 58 01.10.2025 €350,000
€650 per car space
No measured survey has been carried out and the above measurements are indicative only. Any intended purchaser will need to satisfy themselves as to the exact area of the subject property.
*The Tenant has been in occupation since 06.05.2014.
TENANCY
Westland House is let to Actavo Group Limited (previously known as Siteserv Holdings
Limited) under a 10-year lease from October 1, 2020, subject to a current passing rent of Actavo Group Limited operate as an engineering
solution company. They specialise in a number
€350,000 per annum. The lease includes 58 car parking spaces and the lease expires
of sectors including telecommunications, power,
on the September 30, 2030. This lease is subject an open market rent review in water, wind, education and healthcare.
October 2025 and the tenant has a break option clause effective 30 September 2028.
PLANNING
The subject property is zoned Objective EE under the South Dublin County Council Development Plan 2016-2022 – “to provide for enterprise and employment related uses.”
TITLE
We understand that the property is held Freehold.
PROPOSAL
Guide Price €4,500,000 equating to a net initial yield of 7% (assumes standard
acquisition costs 9.96%) and underlying capital value of €192 psf.
BER C3
CONTACT
RYAN TYRRELL
T: + 353 87 692 3923
E: ryan@twmproperty.ie
4-5 Dawson Street, Dublin 2,
D02 FH72
T: + 353 1 676 6566 PATRICIA WARD
www.twmproperty.ie T: + 353 86 243 7912
PSRA No: 001835 E: patricia@twmproperty.ie
TWM for themselves and for the vendor/lessor of the property whose agents they are, give notice 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 the property are to be relied on as a statement or representation of fact. 2. The vendor does not make or give, nor
is the Agent(s) or its staff 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, and other details
are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as
statements or representations of fact but must satisfy himself/herself by inspection or otherwise as to the correctness
of each of them. 4. In the event of any inconsistency between these particulars and the contract of sale, the latter shall
prevail. 5. VAT may be payable on the purchase price.
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