Blackrock Business Park Portfolio
Blocks 3, 4 & 5, Blackrock Business Park, Dublin | Prime Suburban Office Portfolio Investment - For Sale by Private Treaty |
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| - Blackrock Business Park Portfolio consists of 3 modern office buildings extending to an overall area of approximately 4,692.4 sq m (50,509 sq ft) GIA including 85 car parking spaces.
- Prime suburban location in the heart of Blackrock, home to many of Ireland’s major international occupiers.
- Total gross passing rent of €1,015,653 per annum with a weighted average unexpired lease term of approximately 8.86 years to expiry and approximately 5.94 years to earliest break / expiry.
- Low average passing rent of approximately €19.85 per sq ft on Blocks 3 & 4, offering attractive reversionary potential.
- Fully-let to seven tenants offering diversified income across financial, IT, helicopter fleet management and medical sectors.
- Strong commercial covenants to include Gempool, Lobo Leasing, Hair Restoration, Fincad and Medfit.
- Hair Restoration who occupy Block 5 accounts for 35% of overall portfolio passing rent and has a term certain to break of 7.97 years.
- Extensive asset management opportunities across the portfolio including lease restructurings, upcoming rent review negotiations and development of an additional penthouse level to Block 4 (S.P.P.).
- Click on the below image to download brochure:
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