office
Commerical
Description
Description:
Hooke & MacDonald and Savills are pleased to present the Swift Square & Metro Park Collection in Northwood, Santry, Dublin 9, offering:
– A strong, fully let office investment opportunity, a successful office location;
– As well as two neighboring residential development sites, one with full planning permission (Swift Square site) and the other with a feasibility study (Metro Park).
The properties are available in the following lots:
-Lot 1: Office Blocks 1 & 2 Swift Square and adjoining car park / site with full planning permission for 192 apartments – Guide Price: €38.5 million euro (9.9% Net Initial Yield);
– Lot 2: Metro Park development site (c. 1.47 ha / 3.6 ac) with a feasibility study for 502 apartments – Guide Price: €10 million euro (c. €20,000 euro per site)
– Lot 3: The Entire – Guide Price €48.5 million euro.
Lot 1 – Swift Square office investment highlights:
-Two modern standalone office blocks totaling approx. 157,860 sq.ft. (14,664 sq.m.);
– 100% occupancy;
– Contracted rent of €4,193,179 milion per annum;
– Block 2 is let to ESB in its entirety;
– Block 1 commercial covenants include BMW, Close Brothers, National Standard Authority of Ireland, Affidea;
– WAULT of 3.1 years to break and 5.9 years to expiry;
– Asset management potential with over 10 tenants currently in place;
-Tenants not affected.
The properties are located in Northwood with acres of parkland, diverse sporting facilities, convenient shops, cafés, restaurants & employment hubs.
The joint agents would be glad to discuss the properties with you and to carry out inspection
BER: C1 to E1