Amenity Building, Apex Business Centre, Sandyford, Dublin 18

AMENITY BUILDING, APEX BUSINESS CENTRE

FOR SALE

(Tenants not affected)

Sandyford, Dublin 18

I N V E ST M E N T

AMENINITY BUILDING

AT A GLANCE

7.25%

476 SQ.M

RETAIL INVESTMENT

AMENITY BUILDING, SANDYFORD

€1,650,000 Guide Price

NIY

ACCOMMODATION FLOOR

The Amenity Building is located on the corner of Blackthorn Drive and Blackthorn Road in one of the most high profile locations within Sandyford.

SQ. M

SQ. FT

Convenience Store

86

926

Ancillary Areas

68

732

Mezzanine

100

1,076

Restaurant

222

2,390

Total Net Internal Area

476

5,124

Purchasers are specifically advised to independently verify floor areas to undertake their own due diligence.

LOCATION

TENANCIES

Sandyford has become a much sought after commercial area in recent years due to its close proximity to the MS0 as well as its connections to the City Centre via the Luas. The units are also directly opposite the Beacon Hotel and the Beacon Hospital (183 Bed).

The ground floor retail unit is accessed by automatic doors and is largely rectangular in shape. To the front of the unit is the full height retail trading area with the deli and food prep area to the rear located under a purpose built mezzanine area providing customer seating.

Ground Floor:

Lying at the heart of the Sandyford Estate, the location also boasts workforce that represents more than 500 companies with 20,000 people in their employment including: Google, Microsoft, AIB, American Airlines, Barclaycard, Canon, Novell, Vodafone Ireland.

The first floor restaurant is accessed via the fully glazed two storey feature stair case to the side of the ground floor unit. The customer seating area is located to the front of the unit with bar to the side.

The toilets, kitchen and ancillary areas are located to the rear.

Let to Bo Lang on a 25 year lease from October 2014 at a current rent of €35.000 p.a. exclusive. Rent reviews every 5 years to full open market yearly rent (upwards or downwards).

DESCRIPTION

Internally the seating area is finished with timber floors, exposed ceilings with suspended timber beams. The kitchen and ancillary areas are finished with linotype flooring, a mixture of suspended and concrete slab ceiling and plastered and painted walls. The rear kitchen, food prep areas and staff area benefits from direct access to the rear ground floor via a staircase with roller shutter entrance.

The Property comprises a two storey purpose built retail unit of assumed steel or reinforced concrete frame construction with cement rendered painted external elevations built under a flat roof structure with profiled metal covering. There is a feature fully glazed two storey staircase to the side of the Property providing access to the first floor restaurant. There is also vertical access from the ground floor to the first floor restaurant provided by a 8 person lift.

Let to Griffin Apex Ltd. t/a Londis on a new 15 year lease subject to rent of €90,000 p.a. 5 yearly CPI linked rent reviews.

First Floor:

AMENITY RENTAL SCHEDULE FLOOR

TENANT

TERM

BREAK OPTIONS

TOTAL RENT

COMMENCEMENT DATE

EXPIRY DATE

Ground Floor

Griffin Apex Ltd t/a Londis

15 years

N/A

€90,000

New Lease

2032

First Floor

Bo Lang

25 Years

13/10/2019

€35,000

14/10/2014

13/10/2039

Total

€125,000

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*Map is for illustrative purposes only, not to scale

TITLE

BER

We are advised that the property is held Freehold / Long Leasehold.

Ground Floor: Ber No: 800590150

PRICE

1st Floor: Ber No: 800205536

Guiding excess of €1,650,000 (subject to contract) for the subject Investment which equates to a net initial yield of 7.25% based on the agreed rent and allowing for standard purchaser’s costs of 4.46%.

FOR FURTHER INFORMATION OR TO ARRANGE AN APPOINTMENT CONTACT:

VAT There will be no vat on the sale.

SOLICITOR’S DETAILS John Griffin 6 Cypress Park Tempelogue Dublin 6w

20 Merrion Road Ballsbridge, Dublin 4 +353 (0) 1 661 1233 PSRA No: 002702

www.realestate.bnpparibas.ie

Matthew Vanston

matthew.vanston@bnpparibas.com 087 643 4497

DISCLAIMER: BNP Paribas Real Estate gives notice that these particulars are set out for general outline only, for the guidance of intending purchasers and do not constitute, nor constitute part of an offer or contract. All descriptions, dimensions, references to condition and other details are given without responsibility and any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves or otherwise as to the correctness of each of them. All floor areas are approximate.