Swords Business Campus - PropertyLocator.ie

Swords Business Campus, Co Dublin

Government & Health Sector Investment Opportunity

(Tenants not affected)

Subject to Contract / Contract Denied / Without Prejudice

INVESTMENT HIGHLIGHTS

Suburban office and healthcare campus extending to approximately 27,569 sq.m (296,751 sq.ft) IPMS 2
7.75 hectares (19 acres) with 804 car parking spaces
High profile employment hub within minutes of the M1 / M50 interchange and Dublin Airport
Current tenants include HSE, OPW – CSO, Sims (Rotunda IVF), Doosan Bobcat, Kora Health and RocDoc Health
State & Health sector income accounting for 63% of rental income
Development site opportunity with feasibility study to provide 372 apartments
Located within the ME zoning under Fingal Development Plan 2017 – 2023 – to facilitate opportunities for high density mixed use employment generating activity and commercial development, and support the provision of an appropriate quantum of residential development within the Metro Economic Corridor
Excellent opportunity to undertake asset management currently approx. 30% vacant
Passing rent approx. €3.2 million per annum with an ERV of approx. €4.6 million
WAULT of 7.7 years to expiry and 4.6 years to lease break as of 1st September 2022
Freehold Title
Guide Price €50 million, representing a NIY of 5.81% with a future RY of 8.3% assuming standard acquisition costs of 9.96%
Guide price equating to an attractive capital value of €168 per sq.ft
BER B2-E1

For more information please contact:

Patricia Ward
M: + 353 (0) 86 243 7912
T: + 353 1 611 0324
E: patricia@twmproperty.ie

Russell Cleere
M: + 353 (0) 87 721 7895
T: + 353 1 611 0320
E: russell@twmproperty.ie

Michele Jackson
M: + 353 (0) 86 857 2700
T: + 353 1 611 0323
E: michele@twmproperty.ie

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Swords Business Campus For Sale Investment