The office building is situated amidst a 79 acre business park located on Model Farm Road in Cork. The property is laid out over two floors with the ground floor extending to a NIA of approx. 7,280 sq ft, which is currently occupied.
The vacant first floor has a very similar floor plate and extends to a NIA of approx. 7,262 sq ft. This floor can be independently accessed and is in very good condition, ready to be occupied immediately.
Office investment opportunity in Cork Business & Technology Park
Stand alone, two storey office block extending to approx. 16,070 sq ft (GIA)
Ground floor occupied with first floor vacant
New 10 year lease from Dec. 2020 for the ground floor with 5 years term certain
Let to S3 ASIC Semiconductors Ltd with excellent international covenant strength
Current income of €116,480 p.a.
NIY of 5.6% with potential for reversionary yield of 11.1%
Includes 55 surface car parking spaces
The office accommodation is in very good condition with suspended ceilings and raised floors
Joint Agents; Bid X1 (Tel: 01 6673388)
BER No. 800545428
Energy Performance Indicator: 413.41 kWh/m2/yr
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